'Rupee' finally trudges down

Thursday, July 5, 2012

After its morning sickness act of twisted analysis riding the DXY Bull, the Euro finally asserted bear in India - Mumbai and the Rupee trudged lower to 54 levels

Rupee started from the top in a characteristic move on a down day for th eEuro / Dollar as the DXY moves back against the Euro's fall  overnight. The first figure shows the traded tick and the second shows the overnight movement being ignored by pegging it to an

artificially high open at 9 AM
Rupee_down
 

Posted via email from The India Investment Post

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