Ruble Gains as Putin Orders Troop Pullback!

The Indian rupee snapped a four-day gaining streak on Tuesday, retreating from 11-month highs hit in the previous session after oil importers rushed in to buy dollars, while a rally in domestic shares slowed after powerful recent gains. Intervention from the Reserve Bank of India has been capping broader gains for the local currency, dealers said, as the central bank builds up currency reserves and is drafting a game plan to protect the rupee against the sort of rout that alarmed policymakers and investors last year. The partially convertible rupee closed at 58.63/63 per dollar versus 58.59/60 on Monday.
 

 Today’s Headlines

1) Indian Rupee Snaps Four-Day Advance on Dollar Demand
2) Aussie Slides after RBA Minutes as Euro Falls
3) Ruble Gains as Putin Orders Troop Pullback
4) U.K. Bonds Drop a Third Day as Pound Rises After Inflation Data
5) ECB Said to Weigh Fed-Style Meeting Schedule on Policy

Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf

Banks raising overseas capital for tier-I part under Basel-III !

The 50-share Nifty index is expected to open higher on Friday following mixed trend seen in other Asian markets. Tracking the momentum, the index is expected to retest its crucial psychological level of 6,100 in trade today ahead of crucial GDP data. Stocks in news are Heidelberg Cements, Idea, BHEL, L&T, Nevyeli Lignite Corporation, Arvind, TCS, United Bank of India, Wipro and Sugar Stocks.

Today’s Headlines

1) RBI begins probe into UBI over mounting bad debts.
2) IKEA looks to scale up furniture sourcing from India.
3) Kristal Spirits eyes 10% share in Indian premium vodka market.
4) Telcos migrating to IP backbone on rising data usage: NSN chief.
5) Banks raising overseas capital for tier-I part under Basel-III.

Read detail analysis report here: - http://www.quora.com/Rahul-Prasad-12/Posts/Banks-raising-overseas-capital-for-tier-I-part-under-Basel-III