Friday, July 29, 2016

Currency Updates for Today

Global central banks' accommodative stance on policy rates and the resultant liquidity in the market are likely to keep the rupee stable against the dollar in the near future.

The Bank of Japan (BoJ) mildly expanded its monetary easing programme on Friday, by doubling the purchase of exchange-traded funds (ETF). On Wednesday, the US Federal Reserve maintain status quote and kept its interest rate target unchanged at 0.25-0.50 per cent.

Read full Rupee trend here at Currency Updates for Today

No comments:

Real Time Analytics