Currency Today

Research report by 'RR Financial Consultants'
     
fiogf49gjkf0d

Fundamental Analysis:

Rupee :


The rupee fell the most in more than three weeks as the deteriorating public finances of E uropean natio ns, including Greece and Portugal, prompted investor to favor safer bets  than emer ging markets..(IND:46.25)Neutral.



Dollar Index: The USD index has taken support  near 77 and  has change the trend in the near term. It is likely to face resistance at 81 and will trade in the range of 78-80 for few sessions. The upswing in index indicates the strength in dollar against major currencies and thus affecting the US equity market . As it share inverse correlation with equity.

(Dollar Index – 80 )bullish


   
Other Research Reports may be of interest
UPDATED SILVER REPORT 12052011    Source: Kedia Stocks and Commodities
Buy MSP Steel and Power Ltd    Source: A C Choksi Share Brokers Private Limited
COPPER REPORT 10052011    Source: Kedia Stocks and Commodities
SILVER REPORT 10052011    Source: Kedia Stocks and Commodities
WEEKLY METAL REPORT FOR 09-13 MAY    Source: Kedia Stocks and Commodities
Copper Outlook 2011    Source: A C Choksi Share Brokers Private Limited
SILVER REPORT 29042011    Source: Kedia Stocks and Commodities
Buy MOIL with target of Rs 448    Source: A C Choksi Share Brokers Private Limited
LEAD REPORT 25032011    Source: Kedia Stocks and Commodities
CRUDE REPORT 18032011    Source: Kedia Stocks and Commodities