Tuesday, 28 January 2014


Rupee broke a three-day losing streak against the US dollar on Tuesday after the RBI surprised the markets with a 25 bps repo rate hike in its continuous efforts to tame stubborn inflation.
 Higher interest rates make local currency more attractive for FIIs due to widening differential with the US bond yields. The rise in the rupee was in sync with the gains seen in other EM currencies.

Wednesday, 1 January 2014

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