Rupee Slipped In Interference fears of RBI
The Indian rupee slipped its lowest points since the last two weeks on Wednesday. Some Asian Currencies also slipped same as rupee, against dollar.
Partially exchangeable rupee was 39.85/86 on Monday’s close while it was 39.86 for each Dollar at
Investors said they will analysis of Share Market to find direction of Indian Rupee. Direction of rupee depends on investment. Investment Flows has increased over than 11% current financial year. The Stock Market Index made new records in last some trading days. Foreigners bought more than 3.6 billion dollar during the last some trading days of September by the sources, after a cut in interest rates of American Bank.
Data shows that in the first seventh months of financial year 2007 the Central Bank spent 38.1 billion dollar to test the rupee therefore traders are alert about provoking the central bank.
Posted on 3rd October 2007
Under: Apple stock, Buying stock online, Free stock tipes, Hot stocks, Nifty, Online stock broker, Online stock investing, Online stock trade, Online stock trading, Sensex, Stock and bonds, Stock brokers, Stock charts, Stock index, Stock investing, Stock investing basics, Stock market news, Stock market quotes | No Comments »
