With the initiation of a program sponsored by the World Bank, international investors can be able to buy offshore rupee-dominated bonds. By this program, World Bank aimed to further strengthen the financial market in the country by attracting overseas investment.
The Big Mac Index is published by the Economist to compare the currencies of different countries and to evaluate whether a particular currency is overvaluated or undervaluated.
The Reserve Bank will shortly issue Rs 500 notes which will have the rupee symbol. The Rs 500 notes will be of the Mahatma Gandhi-2005 Series bearing the signature of Reserve Bank of India (RBI) Governor D Subbarao.
USDINR – 4 hourly chart is shown with 13-13 period Wilders Moving average channel offset trading system. Ruppee Continues with the buy signal since 8th Nov 2011 on the chart with the 4 hourly support coming around Rs. 51.7.
In an early trade on Thursday, the Indian rupee fell by 46 paise to a record low of Rs 54.17 per US dollar, breaching the Rs 54 per dollar-mark for the first time in history on sustained foreign capital outflows and dollar gains against the euro and other rivals overseas.
Rupee touched the 52.6 per dollar mark for the first time in thirty two and a half months on tuesday as domestic equities weakened and oil importers bought dollars.The rupee slid past 52.6 against the dollar in opening trades on Tuesday, dropping to its lowest level in history since march 2009.
In 1935, under the Paper Currency Act of 1861, the Raj was granted the monopoly of issuing notes, ending the practice of private and presidency banks. But these currencies continued to be in use till the RBI issued its own coins and notes. Interestingly, till about 50 years ago, other currencies besides the RBI’s existed in, for instance, Portuguese Goa and Hyderabad.
USDINR 4 hourly chart is shown with 13-13 period Wilders Moving average. There is buy signal on the chart since 9th November as the candle closes above the upper channel Rs49.33 of the 13-13 Wilders moving average channel since then there is a strong uptrend(Weaker Currency). Now the current supports are near Rs49.0. Closing below Rs.49 could offer shorting opportunity in USDINR.
Download the font Rupee.ttf or the new version Rupee_Foradian.ttf. Foridan Technologies had made the first font with support for Indian currency symbol.
For those of us still fumbling to find the € symbol on our keyboards, today was a bad news day. Computer and mobile keyboards in India (and possibly around the globe) will soon be adding another new button – the rupee key.
This is my first simple review with USDINR using simple trendlines Daily Charts of USDINR charts shwos the recent supports near 45.82 got broken and USDINR is trading below the support zone along with sell signal from the basic MACD. Iam Expecting rupee strengthening against dollar in coming sessions with resistance zone […]