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Rupee to weaken against US dollar
September, 07th 2010

Anagram Research has come out with a research report on currencies. The broking firm says, Indian rupee is poised to weaken today against the US dollar.

The report says, "Indian rupee is poised to weaken in todays session against the US dollar as risk sentiment seems to have subsided in Asia, tracking overnight weakness in euro versus the dollar and its major counterparts AUD, GBP, JPY & CHF. Meanwhile, there is also renewed pressure on Asian currencies which had lifted dollar up as foreign investors pulled money out of Asian currencies after Taiwan Central Banks urges for co-operation in Asia to curb FX speculation. However, on meager side of economic data today, days focus should be on BOJ policy meeting and RBA meeting that ends today and  further in the euro zone, the release of Germany`s industrial production figures should be closely eyed."

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