Home

 
India Bullion iPhone Application
  Quick Links
Currency Futures Trading

MCX Strategy

Precious Metals Trading

IBCRR

Forex Brokers

Technicals

Precious Metals Trading

Economic Data

Commodity Futures Trading

Fixes

Live Forex Charts

Charts

World Gold Prices

Reports

Forex COMEX India

Contact Us

Chat

Bullion Trading Bullion Converter
 

$ Price :

 
 

Rupee :

 
 

Price in RS :

 
 
Specification
  More Links
Forex NCDEX India

Contracts

Live Gold Prices

Price Quotes

Gold Bullion Trading

Research

Forex MCX India

Partnerships

Gold Commodities

Holidays

Forex Currency Trading

Libor

Indian Currency

Advertisement

 
IE:Rupee at 1-1/2-mth high, triggers stops
 
* US dollar / Indian rupee trading at 54.51/52 after hitting 54.55, its strongest since Sept. 14 and above its close of 53.8050/8150 on Friday.

* Traders say sharp losses in the euro on renewed uncertainty about the euro zone debt crisis as Greece faces a crucial parliamentary vote boost sentiment for the dollar.

* The dollar also broadly stronger ahead of the U.S. elections on Tuesday.

* Traders say losses in domestic shares add to the rupee's woes, and push the pair further up. Shares trading down 0.3 percent.

* Traders say a daily close above 54.50 levels would be a strong boost for the dollar and it could rise to 55.20-55.50 levels in the next month or so.

* Strong dollar demand from a big iron ore refiner was also seen earlier in the day while some stops got triggered around 54.20-54.30 levels, pushing the pair higher, dealers say.
Source