U.K. industrial production rose for a third month in April!

1) The yen rose the most in almost a month versus the euro on speculation Bank of Japan stimulus will be sufficient to boost the economy while the European Central Bank will expand currency-debasing measures to revive growth.

2) U.K. industrial production rose for a third month in April, driving the annual increase to the biggest since 2011. Output rose 0.4 percent from March, when it gained a revised 0.1 percent, the Office for National Statistics said.

3) The gap between West Texas Intermediate and Brent narrowed to the least in almost two months as U.S. crude stockpiles were forecast to fall and Ukraine said peace talks with Russia yielded progress.

Debt Market Key Headlines

1) India will likely raise the foreign investment limit in government debt soon, as almost all the allocation has already been taken up as overseas buyers pile into the country's financial markets, said four officials with direct knowledge of the government's thinking. The current cap is 995.46 billion rupees ($16.86 billion).

2) Foreign investors have poured in a staggering Rs. 19,772 crore ($3.35 billion) into the Indian debt market in May - the highest monthly inflow in about two and a half years.

Read detail analysis report here:- http://www.rrfinance.com/Reserch/ResearchHome.aspx

Pound Falls From Near 4-Year High as U.K. GDP Misses Estimates

The Indian rupee strengthened on Tuesday on large dollar sales from companies, including exporters, while gains in Asian currencies helped support sentiment ahead of the outcome of the Federal Reserve's meeting this week. However, broader gains were capped as domestic shares fell for a third consecutive session, retreating from record highs hit on Friday, as momentum waned ahead of the conclusion of general elections next month. Global investors are largely awaiting the outcome of the two-day Federal Reserve's policy meeting on Wednesday, with the U.S. central bank widely expected to continue paring back its bond-buying monetary stimulus.

Today’s Headlines

1) Pound Falls From Near 4-Year High as U.K. GDP Misses Estimates
2) Yen Declines as Signs of Global Recovery Damp Demand; Won Gains
3) Draghi Tells German Lawmakers ECB Bond-Purchases Unlikely
4) Ruble Gains with Russian Bonds on ‘Mild’ Sanctions, Troop Pledge
5) Yellen’s Dots Dash Effort for Greater Fed Clarity on Rate Rises

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

Traders expect the unit to hold in a 59.50 to 61.00 range!

The Indian rupee snapped its four-day rising streak on Thursday as month-end dollar demand from importers, particularly oil firms, hurt while concerns about central bank intervention also prompted investors to refrain from shorting the dollar. The central bank has been suspected to have bought dollars aggressively over the last two trading sessions to shore up its foreign exchange reserve and prevent a massive appreciation in the local unit which could be detrimental to export growth. Traders expect the unit to hold in a 59.50 to 61.00 range in the near term.

Today’s Headlines

1) N.Z. Dollar Advances to Highest Since 2011
2) Pound Gains a Fourth Day as Retail Sales Rise More than Forecast
3) Gold Imports by India Seen Rebounding by Billionaire Jeweler
4) WTI Trades Near One-Week High as Cushing Inventories Fall

Read detail analysis report here:- http://www.quora.com/Rahul-Prasad-12/Posts/Traders-expect-the-unit-to-hold-in-a-59-50-to-61-00-range