CURRENCY UPDATES 02.07.2012:- The Indian Rupee posted its biggest daily gain in three years
on Friday after the Government confirmed it will not impose
retroactive taxes on foreign investors and as global risk asset
rallied.
The improved global risk environment comes as investors are
growing more hopeful of meaningful policy reforms at home
after Prime Minister Manmohan Singh, a former central bank
governor, took charge of the finance ministry.
The Government released draft rules on Thursday and said
the general anti avoidance rules or GAAR would not apply
retroactively, a big concern for portfolio investors.
Rupee (spot) ended at 55.50 against the previous day closing
of 56.81 and MCXSX futures ended at 56.0550 against the
previous day close of 57.11. (NEAL BHAI)
on Friday after the Government confirmed it will not impose
retroactive taxes on foreign investors and as global risk asset
rallied.
The improved global risk environment comes as investors are
growing more hopeful of meaningful policy reforms at home
after Prime Minister Manmohan Singh, a former central bank
governor, took charge of the finance ministry.
The Government released draft rules on Thursday and said
the general anti avoidance rules or GAAR would not apply
retroactively, a big concern for portfolio investors.
Rupee (spot) ended at 55.50 against the previous day closing
of 56.81 and MCXSX futures ended at 56.0550 against the
previous day close of 57.11. (NEAL BHAI)
No comments:
Post a Comment
If you have any doubts, Please let me know