Thursday 5 September 2013

Rupee strengthens at 65.81/$

The rupee has recovered from all time low of 68.85 per dollar in early trades.

Rupee has strengthened on Thursday at 65.81/$ after new RBI governor, Dr. Raghuram Rajan has announced slew of measures to liberalise financial markets.

The rupee has  recovered from all time low of 68.85 per dollar in early trades.
Global cues also appear health with possible US military intervention in Syria seen as limited.
The International Monetary Fund says the dynamics of global growth are shifting with the major economies strengthening while developing countries slow. The IMF predicts the U.S. will be the main driver of global growth in the near term.

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