Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economy is expanding strongly enough for the central bank to begin slowing the pace of its bond-buying stimulus later this year. Full Article | Instant View
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Rupee off lows as stocks gain; oil demand key
Reuters Market Eye - The rupee rises to 52.95/96 from a session high of 53.1050, as gains in the domestic shares hurt sentiment for the dollar. The cross closed at 52.87/88 on Wednesday.
Traders say dollar demand from oil firms could cap any broader losses in USD/INR.
The Sensex is up 0.7 percent, led by gains in banking shares ahead of the RBI policy review later this month.
The euro holds near a one-month high against the dollar as a fall in Spanish bond yields, strong U.S. housing data, and hopes for a year-end rebound in China boost optimism on the global economy.
- Tweet this
- Share this
- Digg this