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 9:40 on Wednesday. Indian Markets were closed on October 2, 2007 for National holiday. Previous week Indian rupee increased till 39.62 to touch a new peak of success first time after April 1998.

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.  

The term of the “Penny stock” is commonly passed on to less than $5 price, very small companies has gives approximate security. Pink sheets or OTC Bulletin Board as such on like Penny stock they also start trade over the counters, and they trade also in security exchanges, they also exchange foreign securities. Extra feature are the Penny stock has starts the security of private companies and no action in trading market.

The SEC rules has need firm to agree first the client for the transaction and receive written agreement to the client for the transaction. The firm has gives the document to the customer and explain in it about risks of investing in penny stock, they are also telling the present condition of market Quotation and if any compensation received this will be taken by its brokers and firm for the trade. They are sent monthly statement to the customer those have any account in Penny stock and telling about market situation.

We can’t tell you market situation because this is impossible market is up and down therefore you receive quotation. To know more detail you will read penny stock rule sections through Broker and Dealer Registration Guide. And you will visit on http://www.sec.gov/answers/penny.htm