Indian rupee might fall against the US dollar

by Paul Joseph on July 7, 2013 · 0 comments

Experts believe that the Indian rupee might face additional pressure and fall against the US dollar in the coming trading sessions. Data indication a strong recovery in the US economy is expected on Monday, which will raise concerns that the Federal Reserve might start rolling back its stimulus package soon. The Federal Reserve has indicated that it is aiming to roll back $85 billion-a-month bond buyback programme that may result in increase in demand for the dollar from the emerging markets. read more

[via Stock Watch – Stock Specific News]

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