The Indian rupee posted its biggest single-day gain in a month and a half on Friday, snapping a three-session falling streak as good dollar sales by custodian banks and two large corporate helped offset greenback demand seen from oil importers. However, for the week, the rupee fell 0.5 percent against the dollar, posting its worst performance since the week ended Jan. 24, with trading influenced by falls in regional currencies on a weekly basis amid worries over tensions in Ukraine and a slide in the Chinese Yuan. The rupee has fallen for four consecutive weeks, retreating ever since it hit an eight-month high of 59.5950 in early April.
Today’s Headlines
1) Yen Heads for Weekly Gain as Ruble Weakens on Ukraine
2) IMF Warns South America on Risks after Commodity Boom
3) Russia Raises Main Rate as Ukraine Crisis Weighs on Ruble
4) Taiwan Dollar Forwards Drop a Second Week on China Slowdown Woes
5) WTI Set for Weekly Loss on Stockpiles, Widens Discount to Brent
Read detail analysis report:- http://rrfinance.skyrock.com/3216550605-IMF-Warns-South-America-on-Risks-after-Commodity-Boom.html
Today’s Headlines
1) Yen Heads for Weekly Gain as Ruble Weakens on Ukraine
2) IMF Warns South America on Risks after Commodity Boom
3) Russia Raises Main Rate as Ukraine Crisis Weighs on Ruble
4) Taiwan Dollar Forwards Drop a Second Week on China Slowdown Woes
5) WTI Set for Weekly Loss on Stockpiles, Widens Discount to Brent
Read detail analysis report:- http://rrfinance.skyrock.com/3216550605-IMF-Warns-South-America-on-Risks-after-Commodity-Boom.html