Rupee breaches 47 level to hit five-mth high of 46.98 a dlr - www.ioi.in
Posted by: in Forex Information, tags: Breaches, Capital Inflows, Dlr, Dollar, Domestic Currency, Excerpt, Financial Sector, Foreign Exchange, Indian Rupee, Ioi, Local Stocks, Mth, News Sources, News Updates, Optimism, Overseas Markets, Paving The Way, Upward March, Us Currency, Www NewsNews Sources wrote an interesting post today on
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News Updates: The Indian rupee continued its upward march for the sixth consecutive day and breached the crucial 47-level against the US currency for the first time after 19th December, 2008, on sliding dollar in the overseas markets. The rupee also drew support from encouraging trend in the local stocks and continued optimism about faster reforms in the financial sector paving the way for increased capital inflows. At the Interbank Foreign Exchange (Forex) market, the domestic currency re
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