tag:blogger.com,1999:blog-33186390311826628722024-03-14T00:11:15.762+05:30Shubhlaxmi Currency & ComexThe complete stock portal Indian stock market (MCX,NCDEX,NSE,BSE,Currency) International, Nymex,World Market Live Rate Daily Pivot Point GOLD,SILVER,Crude,Copper,Lead,Zink,Nickel,NG Free Power Levels & Breaking news,Trading calls,short term picks,results & more Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-3318639031182662872.post-75175304467043042242015-03-11T10:06:00.003+05:302015-03-11T10:06:59.986+05:30Indian Rupee: Strong Dollar Continues To Weigh<div class="separator" style="clear: both; text-align: center;">
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Rupee could extend its losses on account of a soaring US dollar overseas, although some recovery is expected after the sharp decline. The domestic currency pared some of its losses in late trades yesterday to end at Rs 62.77 against the greenback after having dropped to a low of 62.81 intraday, its lowest level since early this year.
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Local indices edged lower amid high volatility during the latter part of the trading session. The barometer index, the S&P BSE Sensex, hit its lowest closing level in almost four weeks. The 50-unit CNX Nifty hit its lowest closing level in almost two weeks. The market breadth indicating the overall health of the market was negative. The Sensex fell 134.91 points or 0.47% to settle at 28,709.87.
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India`s current account deficit (CAD) narrowed to US$ 8.2 billion (1.6% of GDP) in Q3 of 2014-15 from US$ 10.1 billion (2.0% of GDP) in Q2 of 2014-15, while the CAD doubled from US$ 4.2 billion or 0.9% of GDP in Q3 of 2013-14. The merchandise trade deficit (US$ 39.2 billion during Q3 2014-15) widened on a q-o-q basis on account of a larger decline in merchandise exports (7.3%) than in merchandise imports (4.5%); in terms of y-o-y changes too, the trade deficit in Q3 2014-15 widened due to a decline in exports (1.0%), while imports increased (4.5%). Thus, the reduction in the CAD in Q3 2014-15 was primarily on account of net exports of services, which picked up in q-o-q terms.
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Overseas, China`s annual consumer inflation recovered in February, exceeding expectations, but producer prices continued to slide, underscoring deepening weakness in the economy and intensifying pressure on policymakers to find new ways to support growth. The consumer price index (CPI) rose 1.4% in February. The producer price index (PPI) declined 4.8% in February- its five year low. The European Union is urging member countries to move quickly on a new investment plan so that major infrastructure projects like broadband and energy networks can be launched this year.
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Crude oil eased as investors awaited this week`s energy agency reports for a fresh assessment of global oil supply and demand balances. Gold stayed under pressure after breaking heavily post the US nonfarm payrolls. Other commodities also stayed stressed as the US dollar hit fresh multiyear highs against both the euro and the yen.
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In the global currency market, the euro fell to a fresh 12-year low early on Wednesday, extending a broad decline just days after the European Central Bank kicked off its 1 trillion euro bond-buying program.</div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-3318639031182662872.post-43232194559250266962014-05-26T10:18:00.004+05:302015-03-03T10:17:26.477+05:30Indian Rupee Rebounds<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguCq5kDywjOfNFTl5SpjRoNYm5JQCfyjAYWi4zE6x6ys9NAi6Z01LhCbMXZUjpvOa0BAP61zTyuSH45amwKiB-3qQUasx9FYrSqP_6k3zBw2uiDV_SdmIYPQyDmkOLV2JuOJn_pp6lwqg/s1600/Rs.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguCq5kDywjOfNFTl5SpjRoNYm5JQCfyjAYWi4zE6x6ys9NAi6Z01LhCbMXZUjpvOa0BAP61zTyuSH45amwKiB-3qQUasx9FYrSqP_6k3zBw2uiDV_SdmIYPQyDmkOLV2JuOJn_pp6lwqg/s320/Rs.png" height="165" width="200" /></a></div>
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<span style="font-family: Verdana, sans-serif;">The Indian rupee bounced back against the US Dollar to commence stronger on Monday, 26 May, 2014. The domestic currency opened up by 4 paise at Rs 58.46 against the greenback and climbed to a high of 58.41 so far during the day. In the spot currency market, the Indian unit was last seen trading at 58.44, higher by 7 paise or 0.11% as compared to previous close at 58.50.</span></div>
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<span style="font-family: Verdana, sans-serif;">Rupee retreated from an 11-month high to fall on Friday as the central bank stepped in to temper gains being sparked by continued expectations of robust foreign inflows and a rally in domestic shares. The currency still rose 0.4 percent for the week, posting its fourth straight weekly gain and its longest winning streak in 16 months on hopes the Bharatiya Janata Party`s landslide win last week would bring a new government willing to undertake substantial economic reforms.</span></div>
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<span style="font-family: Verdana, sans-serif;">Domestic benchmark indices surged in early trade tracking mostly firm Asian stocks. The barometer index, the S&P BSE Sensex crossed 25,000 level. Asian stocks rose on Monday after China`s premier said policy will be fine tuned as needed to support the economy. Japanese shares rose in a steady start for Asian equities on Monday thanks to a strong session on Wall Street, and as a decisive win for Ukrainian billionaire Petro Poroshenko in the nation`s presidential election ensured a tense runoff round won`t be required. </span></div>
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<span style="font-family: Verdana, sans-serif;">The market sentiment was also boosted by data showing that foreign funds remained net buyers of Indian stocks on Friday, 23 May 2014. Foreign institutional investors (FIIs) bought shares worth a net Rs 416.80 crore on Friday, 23 May 2014, as per provisional data from the stock exchanges. At the time of writing, the S&P BSE Sensex was up 309.05 points or 1.25% to 25,002.40 while the CNX Nifty was up 87.30 points or 1.18% to 7,454.40. </span></div>
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<span style="font-family: Verdana, sans-serif;"> In the global currency market, the euro slipped early on Monday, while the other major currencies got off to a steady start as the results of a presidential election in Ukraine and votes for the European Parliament were so far greeted calmly by investors</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-3318639031182662872.post-31555519521082410152014-05-22T12:37:00.001+05:302014-05-22T12:39:00.859+05:30Indian Rupee Strengthens<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: Verdana, sans-serif;">The Indian rupee climbed higher on Thursday, 22 May, 2014 for the first time in three days on the back of gains in the Asian currency market. </span></div>
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<span style="font-family: Verdana, sans-serif;">The domestic currency opened up by 11 paise at Rs 58.67 and dipped to a low of 58.69 before bouncing back to a high of 58.55 so far during the day. In the spot currency market, the Indian unit was last seen trading at 58.64, stronger by 15 paise or 0.25% as compared to previous close at 58.78.
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<span style="font-family: Verdana, sans-serif;">Rupee weakened for a second consecutive session on Wednesday, weighed down by large demand for dollars from importers and after foreign investors turned sellers of domestic shares for the first time in about a month.
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<span style="font-family: Verdana, sans-serif;">Domestic benchmark indices trimmed initial gains triggered by positive Asian stocks. Asian stocks edged higher on Thursday after Federal Reserve meeting minutes showed policy makers see a muted risk of inflation from continued US stimulus and a China manufacturing gauge rose to a five-month high in May.
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<span style="font-family: Verdana, sans-serif;">Foreign institutional investors (FIIs) sold Indian shares worth a net Rs 266.22 crore on Wednesday, 21 May 2014, as per provisional data from the stock exchanges. At the time of writing, the S&P BSE Sensex was up 70.60 points or 0.29% to 24,368.62 while the CNX Nifty was up 14.15 points or 0.2% to 7,267.05.
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<span style="font-family: Verdana, sans-serif;">In the global currency market, the yen was on the defensive in early Asian trade on Thursday, having retreated from multi-month highs against the euro and dollar as an improvement in risk appetite dampened demand for the safe haven currency.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-3318639031182662872.post-24985899827521487562014-05-16T14:21:00.000+05:302014-05-16T14:23:40.415+05:30Indian Rupee: Rallies As BJP Leads<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj55vHzmBTJHQK1pzyInIguqi8IGU-b-U-LT3ZztGvXnndBvaCUavULSzkt2AjUc_L6G2l0l2KwHM8m89d1vMJdoRIfX4IQoGPEGjTDSTzBDwRZaTUty7DHd1z-7L481sVLJ-e5VVkoxIU/s1600/Rs.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj55vHzmBTJHQK1pzyInIguqi8IGU-b-U-LT3ZztGvXnndBvaCUavULSzkt2AjUc_L6G2l0l2KwHM8m89d1vMJdoRIfX4IQoGPEGjTDSTzBDwRZaTUty7DHd1z-7L481sVLJ-e5VVkoxIU/s1600/Rs.png" height="263" width="320" /></a></div>
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<span style="font-family: Verdana, sans-serif;">The Indian rupee rallies on Friday, 16 May, 2014 to a more than 10 month high against the US dollar after early trends in Lok Sabha election results showed the Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) leading in a large number of seats. The domestic currency opened stronger by 28 paise at Rs 59.00 versus the greenback and surged to a high of 58.63 so far during the day. In the spot currency market, the Indian unit was last seen trading at 58.63, higher by 65 paise or 1.10% as compared to previous close at 59.28.
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<span style="font-family: Verdana, sans-serif;">Rupee strengthened to its highest level in about 10 months on Thursday, while also posting its biggest single-day gain in nearly three weeks on the back of sustained dollar inflows into domestic shares ahead of election results.
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<span style="font-family: Verdana, sans-serif;">Domestic benchmark indices surged and hit record high after the early trends of Lok Sabha elections showed that Bharatiya Janata Party (BJP) led National Democratic Alliance (NDA) was leading in the elections. Investors are hoping that the BJP-led government will be better at getting things done and more business-friendly than the current Congress-party-led coalition government.
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<span style="font-family: Verdana, sans-serif;">Meanwhile, Asian shares were under pressure on Friday morning, with Japanese stocks skidding as the yen rose against the dollar, which has struggled in recent days on the back of lower U.S. Treasury yields.
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<span style="font-family: Verdana, sans-serif;">The domestic market sentiment was also boosted by data showing that foreign funds made purchases of Indian stocks on Thursday, 15 May 2014. Foreign institutional investors (FIIs) bought shares worth a net Rs 934.94 crore on Thursday, 15 May 2014, as per provisional data from the stock exchanges. At the time of writing, the S&P BSE Sensex was up 808.57 points or 3.38% to 24,714.17 while the CNX Nifty was up 214.70 points or 3.01% to 7,337.85.
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<span style="font-family: Verdana, sans-serif;">In the global currency market, the euro was back in familiar territory against the dollar early on Friday, having staged a surprisingly strong rebound from a 2-1/2 month trough as investors booked profits on bearish positions ahead of the weekend.</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-3318639031182662872.post-74933645374428468162014-01-15T12:43:00.005+05:302014-01-15T12:44:59.775+05:30Rupee Trades Flat, Dollar Off Two Week Low Against Euro<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOoVZjgz95k3E6JIYdoOcj1svSRnWTF7N3HU7Qpc61gKPRA-pZS7zT0bFmlGxO99B84qIXw8evUxQiXqDFqYpVLrkh4GEoAzpMJfZ8di-gLzwtfS9D5J6teT1QSUwwxHjknjkaPPSRW5c/s1600/Forex-Binary-Options1.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="148" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgOoVZjgz95k3E6JIYdoOcj1svSRnWTF7N3HU7Qpc61gKPRA-pZS7zT0bFmlGxO99B84qIXw8evUxQiXqDFqYpVLrkh4GEoAzpMJfZ8di-gLzwtfS9D5J6teT1QSUwwxHjknjkaPPSRW5c/s320/Forex-Binary-Options1.jpg" width="320" /></a></div>
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<span style="font-family: Verdana, sans-serif;">The Indian Rupee is trading on a flat note today though gains in the local stocks supported the local currency. The US dollar is quoting with modest gains in the global markets following the strong economic data yesterday. The Rupee had hit a one month high earlier in the week, testing around 61.30 per US dollar but has eased thereafter and currently quotes at 61.58 per US dollar.
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<span style="font-family: Verdana, sans-serif;">Local stocks surged today amid positive overnight cues from the US indices. The barometer index, the S&P BSE Sensex, was up nearly 200 points to break above 21200 mark. The market breadth, indicating the overall health of the market, was strong. Except BSE FMCG index all the other sectoral indices on BSE were in the green.
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<span style="font-family: Verdana, sans-serif;">Metal stocks edged higher on hopes demand for metal would pick up after the World Bank raised its global growth forecasts. Tata Steel rose after the company announced that it opened the UK`s largest profiling centre for steel plate in the West Midlands, increasing its plate processing capacity in the region by up to 50%. Capital goods stocks gained on renewed buying.
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<span style="font-family: Verdana, sans-serif;">The US Commerce Department said on Tuesday that retail sales gained 0.2% last month. For all of 2013, sales increased 4.2%. Sales excluding automobiles, gasoline, building materials and food services, increased 0.7% after a 0.2% rise in November. This boosted the US stocks as DOW added 100 points and also supported the US currency. The dollar gained from a near two week low of 1.3700 against the Euro.
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<span style="font-family: Verdana, sans-serif;">Source : Capital Market</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-3318639031182662872.post-36628005417350110222014-01-13T11:57:00.003+05:302014-01-13T11:57:48.096+05:30Indian Rupee Stronger On Weak Dollar<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguCq5kDywjOfNFTl5SpjRoNYm5JQCfyjAYWi4zE6x6ys9NAi6Z01LhCbMXZUjpvOa0BAP61zTyuSH45amwKiB-3qQUasx9FYrSqP_6k3zBw2uiDV_SdmIYPQyDmkOLV2JuOJn_pp6lwqg/s1600/Rs.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEguCq5kDywjOfNFTl5SpjRoNYm5JQCfyjAYWi4zE6x6ys9NAi6Z01LhCbMXZUjpvOa0BAP61zTyuSH45amwKiB-3qQUasx9FYrSqP_6k3zBw2uiDV_SdmIYPQyDmkOLV2JuOJn_pp6lwqg/s1600/Rs.png" height="164" width="200" /></a></div>
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<span style="font-family: Verdana, sans-serif;">The Indian rupee opened higher on Monday, January 13, 2014 as the US dollar nursed broad losses early this morning after surprisingly soft employment data raised doubts about how quickly the Federal Reserve can scale back stimulus. The domestic currency commenced stronger by 36 paise at Rs 61.55 against the US dollar and inched up to a high of 61.54 before slipping back to a low of 61.63 so far during the day. In the spot currency market, the Indian unit was last seen trading at 61.58, up around 33 paise or 0.53% as compared to previous close at 61.91.
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<span style="font-family: Verdana, sans-serif;">Rupee strengthened to its highest against the dollar in more than a week on Friday on bets that data will show an improving economy and faltering inflation, boosting confidence in the country`s outlook. On Friday, data released by the government showed that the index of industrial production (IIP) contracted 2.1% in November, mostly due to a 21.5% dip in output of consumer durables despite the festive season.
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<span style="font-family: Verdana, sans-serif;">Local benchmark indices surged in early trade as a weaker-than-estimated US jobs report eased concern that the Federal Reserve may accelerate the pace of stimulus cuts. Fed`s bond-buying program has been a source of liquidity for most Asian and emerging markets in recent years. The barometer index, the S&P BSE Sensex, moved past the psychological 21,000 mark. Asian shares and currencies were also mostly firmer on Monday in the wake of surprisingly weak U.S. jobs numbers that revived speculation the Federal Reserve could keep policy loose for longer.
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<span style="font-family: Verdana, sans-serif;">Foreign institutional investors (FIIs) bought Indian shares worth a net Rs 68.16 crore on Friday, 10 January 2014, as per provisional data from the stock exchanges. At the time of writing, the S&P BSE Sensex was up 244.44 points or 1.18% to 21,002.93 while the CNX Nifty was up 66.25 points or 1.07% to 6,237.70.
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<span style="font-family: Verdana, sans-serif;">In the global currency market, the U.S. dollar nursed broad losses early on Monday after weak employment data raised doubts about how quickly the Federal Reserve can scale back stimulus.
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<span style="font-family: Verdana, sans-serif;">Source : Capital Market</span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.comtag:blogger.com,1999:blog-3318639031182662872.post-63359902577990613502013-09-19T13:52:00.004+05:302013-09-19T13:58:14.982+05:30Indian Rupee Rockets As Fed Abstains From Withdrawing Stimulus<div class="separator" style="clear: both; text-align: center;">
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<span style="font-family: Verdana, sans-serif;"><span style="color: white; font-size: 12px;">The Indian rupee surged to more than a month high on Thursday, September 19, 2013 on hopes of increased capital inflows after the US Federal Reserve`s surprise decision to keep its stimulus programme intact. Besides, dollar`s weakness against other currencies overseas, after the US Federal Reserve surprised markets by leaving its massive bond-buying programme unchanged, boosted the rupee`s sentiment. The domestic currency commenced higher by 1.57 paise at Rs 61.80 to a dollar and climbed to a high of 61.64 before easing back to a low of 62.08 so far during the day. In the spot currency market, the Indian unit was last seen trading at 61.91, stronger by almost 1.46 paise or 2.31% as compared to previous close at 63.38.</span></span></div>
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<a name='more'></a><span style="font-family: Verdana, sans-serif;"><span style="color: white; font-size: 12px;">Emerging Asian currencies rallied with most Southeast Asian units up around 2 percent after the U.S. Federal Reserve surprised investors by postponing the start of reductions to its stimulus programme. Rupee closed largely steady on Wednesday as caution prevailed ahead of the U.S. Federal Reserve`s policy meeting outcome later in the day, but gains in the domestic sharemarket and other Asian currencies helped through the most part.</span></span></div>
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<span style="font-family: Verdana, sans-serif;"><span style="color: white; font-size: 12px;">Local shares zoomed after the US Federal Reserve after a monetary policy review on Wednesday, 18 September 2013, unexpectedly refrained from reducing pace of monthly bond buying, saying it needs to see more evidence of improvement in the US economy. Asian shares and currencies rallied broadly on Thursday. The domestic market sentiment was also boosted by data showing that foreign funds remained net buyers of Indian stocks on Wednesday, 18 September 2013. Foreign institutional investors (FIIs) bought shares worth a net Rs 580.13 crore on Wednesday, 18 September 2013, as per provisional data from the stock exchanges.</span></span></div>
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<span style="font-family: Verdana, sans-serif;"><span style="color: white; font-size: 12px;">The S&P BSE Sensex regained the psychological 20,000 mark. The 50-unit CNX Nifty moved past the psychological 6,000 level. At the time of writing, the S&P BSE Sensex was up 478.02 points or 2.39% to 20,440.18 while the CNX Nifty was up 165.05 points or 2.8% to 6,064.50.</span></span></div>
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<span style="font-family: Verdana, sans-serif;"><span style="color: white; font-size: 12px;">Meanwhile, the dollar languished at a seven-month low against a basket of major currencies in Asia on Thursday after the Federal Reserve wrong footed many investors who had positioned for a scaling back in its massive stimulus programme. The dollar index slid 1.2 percent overnight, its biggest one-day slide in more than 2 months to levels of 80 and the euro dollar has run away to 1.35.</span></span></div>
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<span style="font-family: Verdana, sans-serif;"><span style="color: white; font-size: 12px;">Source : Capital Market</span></span></div>
Shubhlaxmihttp://www.blogger.com/profile/07838173544294790398noreply@blogger.com