The Indian rupee hit its lowest level in 11 months on Friday weighed down by in-line growth data and dwindling hopes of another rate cut at the central bank’s upcoming policy review in mid-June.
Rupee ends at 56.4950/5050 per dlr vs 56.38/39 on Thursday Late dlr sales by a large oil firm, state-run banks aids INR may continue to trade in 56-57 range next week.
Today’s Key Headlines
For detail report please visit: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Life Insurance Plans in India
For Mutual Fund performance report please visit:- http://rrfinance.com/Mutual%20Fund/MutualFund_Performance.aspx
Rupee ends at 56.4950/5050 per dlr vs 56.38/39 on Thursday Late dlr sales by a large oil firm, state-run banks aids INR may continue to trade in 56-57 range next week.
Today’s Key Headlines
- Euro fall from Three-Week High on Economic Data as Yen Climbs
- Rand Drops Amid Speculation of Intervention to Calm Volatility
- Asia Currencies Poised for Worst Month in a Year on Fed Bets
- Won Completes a Fourth Weekly Decline on Fed Concern; Bonds Fall
- Gilts Gain as Stocks Fall, Home Loans Stagnates; Pound Rises
For detail report please visit: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Life Insurance Plans in India
For Mutual Fund performance report please visit:- http://rrfinance.com/Mutual%20Fund/MutualFund_Performance.aspx