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Saturday 23 June 2012

Dollar vs Indian Rupee hits 57; RBI no focus and

Oil exporters, and the rupee global economic growth has increased the capital to go on a slowdown in demand was strong objection of the U.S. currency against the dollar on Friday, 57 of the psychological mark for the first time in the last line had decreased to 57.30.
 
The free fall continues, rupee is five days long, and currency markets in mid-session losing streak, beating the previous record 57.30 per dollar to trade 1.6 percent from the previous close Re 1, collapsed.
Rupee, on September 23 so far this week, its biggest weekly fall in value, from about 3 percent.In addition, the U.S. Federal Reserve cut its growth forecast this year's April projection.
Fitch Ratings is the country risk of losing its investment grade status of the signaling, the movement of Standard and Poor 's to join, the refusal this week to the credit of India - Outlook downgrade.

 

The Reserve Bank of India, adding to pressure on the rupee, all the key interest rate unchanged at the state of investor sentiment itself, decided to leave the industry to plummet.
After a small opening at Rs 56.80 against the dollar today, before falling to 56.76 rupees recovered in part. It closed yesterday at 56.30 from its low level of success.

 

RBI and currency traders through the intervention of strong sales in free fall of rupee dollar failed.Meanwhile the record, BSE Sensex benchmark for the entire round of selling 12.51 213.18 points at 16,819.38, or 1 , 25 percent, falling.

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