Wednesday, October 19, 2011

Indian FOREX Currency Trading Tips and Live Market News

Today Rupee trading in strong gains in Indian equities and the euro.however dollar demand for likely defense related payments and from oil companies kept gains in check. at afternoon rupee was 49.22/23 per dollar, stronger than 49.29/30 on Tuesday.
The index of the dollar against six major currencies was at 76.845 points, sharply below 77.314 on Tuesday.
Oil is India's biggest import item and domestic oil refiners are the largest purchasers of dollars in the local currency market.
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