DAILY FOREX REPORT FROM RESEARCH VIA 3/NOV/2014

[chavi verma]

MARKET HEADLINES 

Rupee gains 8 paise against dollar on foreign capital inflows

The Snapping its four-day falling streak, the rupee rose by eight paise to 61.37 against the US dollar in early trade today on sustained foreign capital inflows amidst a higher opening in the domestic equity market. Increased selling of the American currency by banks and exporters amid sustained foreign capital inflows following a slew of reforms announced by the government supported the rupee but the dollar's firmness against other currencies overseas capped the gains, dealers said. Besides, a strong rally in domestic equity market in opening trade helped the rupee, they added.

SOURCE :  DAILY FOREX REPORT FROM RESEARCH VIA 3/NOV/2014