The Indian rupee gained on Tuesday for its fourth session in five, aided by corporate dollar sales and stronger domestic shares, although continued caution ahead of the outcome of general elections next week limited sharper gains. However, traders cited little impact after the HSBC Services Purchasing Managers' Index compiled by Markit, rose to 48.5 in April from 47.5 in March, but held stubbornly below the 50-mark that divides growth from contraction. The rupee was also aided by Indian shares that rose for a second consecutive session after overseas investors bought index futures worth 860 million rupees on Monday, snapping five days of selling in index futures.
Today’s Headlines
1) The euro climbed to a seven-week high versus the dollar
2) Trade Deficit in U.S. Shrank in March as Exports Increase
3) Pound Gains Most in 4 Weeks as U.K. Services Expand
4) Romania Keeps Rates at Record Low as Inflation to Quicken
5) Yuan Extends Rebound From 18-Month Low as Weakness Seen Overdone
Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
1) The euro climbed to a seven-week high versus the dollar
2) Trade Deficit in U.S. Shrank in March as Exports Increase
3) Pound Gains Most in 4 Weeks as U.K. Services Expand
4) Romania Keeps Rates at Record Low as Inflation to Quicken
5) Yuan Extends Rebound From 18-Month Low as Weakness Seen Overdone
Read detail analysis report here:- http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
