The rupee gained in trade as sentiments were boosted following hopes that the BJP could win in at least 3 out of 4 states as indicated by most exit polls.
A strong showing for the BJP when counting is held on Sunday would raise prospects of a Narendra Modi led BJP win in the next general elections to be held in 2014. This will buoy sentiments across equity and forex markets as Modi's development agenda is well received.
Today's strength in the rupee was despite weak sentiments across the globe, following a sell-off in equities on worries that the Fed may soon taper its QE3 programme.
The rupee is likely to take cues from around the globe as the state election results have now been discounted by the markets.
Crucial for the currency would be the US non farm payrolls data which would provide a clue as to whether the Fed would taper its QE3 programme in the months to come. Check currency rates here
GoodReturns.in
Notifications
Settings
Clear Notifications
No New Notifications
Notifications
Use the toggle to switch on notifications
Block for 8 hours
Block for 12 hours
Block for 24 hours
Don't block
To start receiving timely alerts, as shown below click on the Green “lock” icon next to the address bar
Click it and Unblock the Notifications
Close X
Close X
To Start receiving timely alerts please follow the below steps:
Click on the Menu icon of the browser, it opens up a list of options.
Click on the “Options ”, it opens up the settings page,
Here click on the “Privacy & Security” options listed on the left hand side of the page.
Scroll down the page to the “Permission” section .
Here click on the “Settings” tab of the Notification option.
A pop up will open with all listed sites, select the option “ALLOW“, for the respective site under the status head to allow the notification.
Once the changes is done, click on the “Save Changes” option to save the changes.
Click it and Unblock the Notifications
Sign in with Google