24 Jul 2017 | 2:53 PM
Research Report

Currency Research Report: Daily Currency Report

Indian rupee surged to its highest level in over a month and strengthened to below 62 levels as the US Federal Reserve said it would continue buying bonds at the current rate of US$85 billion/month against the expectations of stimulus cut.
20 Sep 2013 | 09:15 AM

  • Indian rupee surged to its highest level in over a month and strengthened to below 62 levels as the US Federal Reserve said it would continue buying bonds at the current rate of US$85 billion/month against the expectations of stimulus cut.
  • Domestic equity markets enjoyed a risk-on rally post Bernanke's move and Nifty surged by 216.1 points or close to 4 percent before ending the day at 6115.6 levels.
  • The dollar index fell near 7-month lows and the euro surged past the 1.355 mark against the dollar.