The Indian rupee hit a one-month low on Tuesday as continued dollar demand from oil importers and weaker regional currencies kept it under pressure even after the local unit posted its worst single-day fall since March 20 in the previous session. The domestic currency came under pressure as the pace of foreign buying in domestic shares has slowed, even as indexes edged higher to record highs on Tuesday. Meanwhile, in debt markets foreign investors have been net sellers over the previous two weeks. The partially convertible rupee closed at 60.76/77 per dollar compared with 60.59/60 on Monday. The unit fell as low as 60.89, its lowest level since March 21.
Today’s Headlines
1) Indian Rupee Drops to One-Month Low on Importers’ Dollar Demand
2) Aussie Rises on Rate Bets before CPI Data as Yuan Falls
3) Pound Rises to 7-Week High versus Euro on Economy
4) Lira Weakens 3rd Day as Economy Minister Sees Slowing Inflation
5) Rupiah Falls to Six-Week Low on Current-Account Deficit Concern
Read detail analysis report here: - http://rrfinance.skyrock.com/3215953031-Indian-Rupee-Drops-to-One-Month-Low-on-Importers-Dollar-Demand.html
Today’s Headlines
1) Indian Rupee Drops to One-Month Low on Importers’ Dollar Demand
2) Aussie Rises on Rate Bets before CPI Data as Yuan Falls
3) Pound Rises to 7-Week High versus Euro on Economy
4) Lira Weakens 3rd Day as Economy Minister Sees Slowing Inflation
5) Rupiah Falls to Six-Week Low on Current-Account Deficit Concern
Read detail analysis report here: - http://rrfinance.skyrock.com/3215953031-Indian-Rupee-Drops-to-One-Month-Low-on-Importers-Dollar-Demand.html