• Indian rupee traded highly volatile today after yesterday it posted its highest single-day gain in about
26 years, re-acting well to RBI's move the previous day to open a special window for oil companies to
meet their daily dollar needs.
• Also, RBI’s follow up by aggressive dollar selling has helped the rupee in snapping its recent losing
• India's GDP numbers for the first quarter of this fiscal year came in at a four-year low of 4.4 percent
versus 5.4 per-cent on a yearly basis.