Dear All,
Dollar/rupee fell in early morning trades Monday as foreign institutional investors (FII) inflows into stocks offset impact of oil importers' month end demand. Euro-zone finance ministers are scheduled to meet later today to discuss new budget rules, measures to protect debt ridden Euro-nations and losses that private creditors to Greece may have to undergo. Overseas investors have bought over $1 billion worth of stocks this year compared to over $709 million sales in the corresponding period a year earlier.
Investors are also caution ahead of the Reserve Bank of India monetary policy review on Jan 24
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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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