Rupee heading for a weekly gain

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/AFP
The Indian Rupee is poised for the first weekly increase since May as authorities are trying to reduce speculation and expand Dollar supply. The currency was also helped by the Fed's and BoJ's indication of continued monetary stimulus. The Rupee has jumped 0.6% to 59.89 per U.S. Dollar so far this week, while it slid 0.3% today.
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Fri, 12 Jul 2013 07:05:05 GMT

Asian currencies rise on Fed's comments

Asian currencies gain after the Fed indicated it is not planning to cut its stimulus earlier and that highly accomodative policies will be necessary. The Bloomberg-JPMorgan Asian Dollar Index jumped 0.7% this week, however, it is still 1.1% below its level on May 22 when Bernanke said that the Fed might taper its QE.

Fri, 12 Jul 2013 06:54:06 GMT

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