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Currency Research Report: Daily Report: Forex

Indian rupee slid to near 63 levels against the Greenback after the Fed's announcement of stimulus tapering yesterday, offsetting aggressive interest rate hikes by Turkey and South Africa.
31 Jan 2014 | 09:48 AM

Indian rupee slid to near 63 levels against the Greenback after the Fed's announcement of stimulus tapering yesterday, offsetting aggressive interest rate hikes by Turkey and South Africa.

Domestic equity markets plummeted to lowest level since the November last year as fears over slowing growth in China and large capital outflows from developing markets prompted investors to seek safe-haven assets.

European Union’s January economic sentiment indicator increased to 100.9 versus 100.4 in December.

European Union’s January month industrial confidence slumped to -3.9 versus -3.4 in the previous month, resulting in further weakness of Euro against the dollar.

Germany’s unemployment change improved to -28K in January from -15K in December while unemployment rate remained steady at 6.8 percent in January.

UK Net Lending to Individuals on a monthly basis was up to £2.3B in December from £1.5B in November.

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