Markets: Eerie calm

Markets: Eerie calm

it is not clear when market sentiment can change; as in the past, it can be quite sudden.
At a turn and yet not

At a turn and yet not

RBI could be tempted to cut policy rate to support growth at its bi-monthly review.

Indian rupee plunges to new low of 65.56, recovers to end at 64.55

Aug 22 2013, 19:11 IST
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SummaryAs local stocks recovered, rupee's declined on dollar sales by exporters and capital outflows.

dollar at 65.4207 and for the euro at 87.3176.

The rupee recovered slightly to 100.50 against the pound sterling from 100.57 and also rebounded against the Japanese yen to 65.41 per 100 yen from 65.81.

However, it eased further against the euro to 85.94 from previous close of 85.85.

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