Gold Silver Reports – The Indian rupee, which closed on two-month high on Tuesday, is unlikely to gain sharply from the current levels in December despite expectation of sustained foreign flows into the local equity market, according to currency dealers.
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Rupee Scales New 2-Month High of 64.50
Gold Silver Reports -✅ Rupee Scales New 2-Month High of 64.50 — Showing resistance against early volatility, the rupee on Monday surged by a hefty 20 paise to end at a fresh two-month high of 64.50 even as S&P kept India’s credit rating unchanged. The rupee marked its best closing since September 20. It had tumbled to a low of 64.83 in early trade.
European Stocks Flat as Dollar Extends Decline
Gold Silver Reports – European stocks erased early losses to close little changed as positive economic data in the region offset negative sentiment following a slump in Chinese equities. The dollar extended a retreat sparked by Wednesday’s more dovish than expected Federal Reserve minutes.
Rupee Opens Higher Against US Dollar
Gold Silver Reports – Rupee Opens Higher Against US Dollar – The Indian rupee on Wednesday strengthened against the US dollar tracking gains in the local equity and Asian currencies market.
U.S. Stocks Decline With Dollar as Treasuries Rise
Gold Silver Reports – U.S. Stocks Decline With Dollar as Treasuries Rise – U.S. stocks edged lower after the best rally in two months, while Treasuries advanced as investors assessed the prospects for corporate tax cuts. The dollar dropped as the euro and yen gained.
Rupee Opens Marginally Higher Against US Dollar
Gold Silver Reports — The Indian rupee on Thursday was trading marginally higher against the US dollar in opening trade.
RBI Cuts Printing order for New Currency Notes as Vaults Crammed with Old Ones
Gold Silver Reports – The Reserve Bank of India (RBI) has reduced its order for printing new currency notes in the current fiscal year to the lowest in five years for lack of space in the currency chests of the central bank and commercial banks, two people familiar with the matter said.