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Currency Research Report: Daily Currency Report

Indian rupee once again started the week with strong gains against the dollar as the dollar index slid to 81 levels to hit a four week low after Summer's exit from the race for Fed president.
17 Sep 2013 | 09:19 AM

  • Indian rupee once again started the week with strong gains against the dollar as the dollar index slid to 81 levels to hit a four week low after Summer's exit from the race for Fed president.
  • Larry Summers was perceived by markets as relatively hawkish and his withdrawal could leave Janet Yellen, a well-known policy dove, as the front runner for the top job as US President Barrack Obama has accepted Summers' withdrawal.
  • India's August WPI inflation surged higher at 6.10 percent versus 5.79 percent in the previous month. Also, the June WPI Inflation was revised to 5.16 percent versus 4.86 percent (Prov).