Currency Note Worldwide

Indian rupee continues to benefit from the election outcome

By Ricky Bean May 29th, 2014

It was another relatively quiet day in markets elsewhere yesterday, with few significant data releases. Normal business resumed yesterday for the Indian rupee as post-election trader confidence returned to the Indian market and we saw the rupee strengthen against its most-traded peers. Other movers included the New Zealand dollar, which lost ground against all of its major peers following the release of below-forecast business confidence figures, and the Russian rouble, which gained strength, building on a strong May performance over the latter parts of this month.

It is another relatively quiet day today, with this morning’s Australian private capital expenditure data being the only release of note.

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