Indian Rupee advanced on possible economic-policy changes

Source: Bloomberg
The Indian Rupee increased by 0.2% to 53.6925 per U.S. Dollar in early Mumbai trading session on Wednesday. The currency has touched a 53.3800 level yesterday, which is the strongest since 23rd of October. The Rupee appreciates, as the Indian Finance Minister said, that in next month will be revised economic-policy. The minister said that budget-deficit target is 4.8% of GDP in a year through March 2014. Recently, India increased the tariff on gold to reduce a current-account deficit.
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Wed, 23 Jan 2013 12:28:04 GMT

U.S. stocks gain as corporate profits beat estimates

U.S. shares advanced, as corporate profits from Companies, such as, Freeport-McMoRan Copper & Gold Inc. and Travelers Cos. beat the analysts' estimates. The Standard & Poor 500 climbed 0.4% to 1,492.51 points. All but one group in the gauge advanced. Technology shares posted the smallest increase in the index by adding 0.19%, as Seagate Technology rose 7.1%. Western Digital Corporation

Wed, 23 Jan 2013 16:01:10 GMT

Copper slips from a one-week high as production in China reaches record

Copper futures with settlement for three months were lower by 0.4% to $8,098 a metric ton on London Metal Exchange during Asian trading session on Wednesday. The metal price declined from a one-week high, as China's industrial companies announced that production jumped by 22% in December, making a new record. Also, total output increased by 11% in 2012.

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