Friday, January 15, 2016

Bullion tips : INR(Rupee) trades higher compared to USD

Today's Bullion tips & currency updates : Floating near to its two-year low, the INR(rupee) edged 1 paisa high to 66.28 as compared to the Dollar of US  in early trading, today amid mixed sentiment in Asian currencies & continuing concerns over the depreciating yuan of China.

The reports were suggesting that the US Fed is concerned over falling commodity prices and its impact on the US inflation. This may slow down the flow of Fed rate increase & could be positive for currencies world wide.

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