Indian Indices
Global Indices
Commodity (SPOT)
Currency (SPOT)
10 Dec 2016 | 6:50 PM
Research Report
Weekly

Currency Research Report: Weekly Currency Report

Indian rupee witnessed a sell-off in the previous week against the US dollar and weakened to a record low level of 59.973.
24 Jun 2013 | 10:00 AM

  • Indian rupee witnessed a sell-off in the previous week against the US dollar and weakened to a record low level of 59.973.
  • Indian rupee extended its losses to seventh consecutive week after the RBI in its June mid quarter monetary policy review left its key policy (repo) rate unchanged at 7.25 percent in line with expectation. Cash reserve ratio (CRR) remained at 4 percent.
  • US Fed in its all-important meet said that it would keep purchasing US$85 billion in bonds every month and in addition modestly raised its expectations of US GDP growth for 2014 to 3-3.5 percent.
  • Fed chairman Ben Bernanke said that Fed will scale down the quantum of its stimulus measures towards the end of 2013 and wrap up in 2014 if the US economy continued on its growth trajectory.
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