MARKET RATES & NEWS - Updated as on 25th JULY 2014
The Indian rupee ended weaker on Thursday, retreating from a more than one-week high hit earlier in the session on the back of month-end dollar demand from importers. The Rupee had inititally gained on sustained foreign fund inflows into the stock and debt markets and after India on Wednesday allowed foreign institutional investors to hold more government debt while reducing the portion available to long-term investors. Rupee closed at 60.1250 per dollar on Thursday, compared with 60.0975 on Wednesday. The unit hit 59.98 during the session, its strongest since July 14. Overseas buying of shares and debt continued with inflows of $139.5 million and $136.2 million respectively on Wednesday, taking total investments across the two segments to $24.97 billion so far in 2014. Foreign buying is helping prop up share markets, which rose to record highs on Thursday.
Forward premium (in % 24th JULY, 2014)
LIBOR (Updated as on 24th JULY, 2014)
Foreign Currencies (Updated:17:30 hrs as on 24th JULY, 2014)
(Updated: as on 24th JULY, 2014)