The Indian rupee weakened for the fourth session in five on Tuesday as shares retreated on worries that a recent record-setting rally may have gone too far, although bunched up dollar inflows continued to provide some support. Some of those concerns eased somewhat after data released after markets closed on Tuesday showed headline consumer price inflation accelerating more than expected, but analysts estimated core CPI remaining steady at around 7.9 percent in March. The partially convertible rupee closed at 60.23/24 per dollar on Tuesday, compared with its Friday's close of 60.1750/1850.
Today’s Headlines
1) Dollar Gains as Ukraine Tension Rises; Aussie Holds Drop
2) Brazil Real Falls Most Among Major Currencies
3) China’s Growth Slows to Six-Quarter Low
4) Gold Tumbles Most in 16 Weeks on Fed Taper Speculation
5) Russian Holdings of Treasuries Fall to Lowest Since 2011
6) Mexico Peso Drops as Ukraine Concern Saps Demand
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf
Today’s Headlines
1) Dollar Gains as Ukraine Tension Rises; Aussie Holds Drop
2) Brazil Real Falls Most Among Major Currencies
3) China’s Growth Slows to Six-Quarter Low
4) Gold Tumbles Most in 16 Weeks on Fed Taper Speculation
5) Russian Holdings of Treasuries Fall to Lowest Since 2011
6) Mexico Peso Drops as Ukraine Concern Saps Demand
Read detail analysis report here: - http://www.rrfinance.com/reserch/MorningBell/Cr_MorningBell.pdf