Sep 21, 2013

Market Update- 21/9/2013

The markets have had a positive week ending 2.8% higher than the previous week The Rupee looks stronger now with the "Syria problem" having been solved and the Fed keeping off its "tapering" for the moment. It seems to be facing resistance @ 62.5.

Brent crude is at $109 odd. This is still high and could still play a major role in the Current Account Deficit (CAD). Keeping these in mind, and with the possibilities of "tapering" in the near future, the RBI had raised rates in it's policy decision yesterday.