20 Jul 2018 | 5:11 AM
Research Report

Currency Research Report: Daily Forex and IRF Report

The Indian rupee turned higher against the U.S. dollar earlier during the session, on the back dollar sales by foreign banks . However, it pared earlier gains to end marginally lower for the day.  Mario Draghi issued a fervent defense of the European Central Bank’s ultra-low interest rates and unconventional monetary policy, as he fought back against German criticism of his institution. Speaking on a day that the bank’s governing council kept interest rates unchanged after cutting to record lows last month, the ECB president argued that Eurozone growth would have been measurably less if it had not been for the recent ultra-loose monetary policy and that the council was unanimous in defending the ECB’s independence
22 Apr 2016 | 10:00 AM