Dear All,
Asian stock markets powered higher Tuesday, as China's economy expanded at a faster-than-expected pace in the fourth quarter, dousing fears of a hard landing for the world's second biggest economy.
A successful sale of French Treasury bills Monday had earlier reassured investors in the wake of the country's credit downgrade late Friday. Following the China data, risk-sensitive currencies such as the euro and the Australian dollar received a boost.
Dollar/rupee may trade tad down in the week to Jan 20 on expectation of increased foreign inflows in local shares after Indian stock market regulator; SEBI allowed qualified foreign investors (QFIs) to invest directly into Indian shares
Thanks and Regards
Rohit Saxena
Losers say it is hard and impossible, but winners say it is hard but not impossible." Rohit Saxena
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