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View Full Version : India's Rupee Snaps Five-Day Advance as Importers Buy Dollars - Bloomberg



NewsWhore
04-08-2011, 08:50 PM
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India&#39;s Rupee Snaps Five-Day Advance as Importers Buy Dollars (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGczNtaN1yjrKgdTRW2yNXh0icTdQ&url=http://www.bloomberg.com/news/2011-04-07/india-s-rupee-snaps-five-day-advance-as-importers-buy-dollars.html)
Bloomberg
The currency touched 44.14 yesterday, the strongest level since Oct. 15. Offshore forwards indicate the rupee will trade at 44.91 in three months, compared with expectations of 44.85 yesterday. Forwards are agreements to buy or sell assets at a set ...

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