Friday, March 28, 2014


After a long 8 months a (partial) return to sanity. If a stable govt is not formed (hint, hint) then the rates may go down again.  As far as the stock market is concerned, analysts are forecasting a big crash coming up, so if you have enough money to play with please proceed but with caution :-)

Continuing its rising streak, the rupee on Friday strengthened to below 60 level at 59.90 for the first time since July 2013 against dollar in late afternoon trade on sustained foreign fund flows.

Dealers said sustained selling of the American currency by banks and exporters and ongoing bull-run on the domestic equity markets also buoyed the rupee sentiments.

The Indian currency resumed higher at 60.18 per dollar as against the last closing level of 60.31 at the Interbank Foreign Exchange (Forex) Market and firmed up further to break the crucial 60 level to trade at 59.90 in late afternoon trade, a level last seen in July 2013.  

Meanwhile, the benchmark BSE sensex gathered 125.60 points, or 0.57 per cent to close at a new lifetime high of 22,339.97 after climbing to an all-time intra-day high of 22,363.97.

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