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Sharing the thought processes, views, knowledge and experience. Tuesday, May 11, 2010.
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Saturday, August 15, 2009. Sudden fall in unemployment numbers in US had raised speculations that Federal Reserve may end its easy money policy sooner. Accordingly, US Dollar started gaining against other major currencies including Indian Rupee. Poor monsoon data and negative FII inflows also put pressure on INR in the beginning of the week. Gold and other commodities were also seen losing against US Dollar. Bursting of bubble in Chinese markets also added pressure on the metals. Indian Rupee also turned.CONTENT
This web page dailyrupee.blogspot.com states the following, "Saturday, August 15, 2009." We saw that the webpage said " Sudden fall in unemployment numbers in US had raised speculations that Federal Reserve may end its easy money policy sooner." It also said " Accordingly, US Dollar started gaining against other major currencies including Indian Rupee. Poor monsoon data and negative FII inflows also put pressure on INR in the beginning of the week. Gold and other commodities were also seen losing against US Dollar. Bursting of bubble in Chinese markets also added pressure on the metals."SEEK SIMILAR DOMAINS
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