Market rally continues on rupee recovery

Tweet

ndian stocks continued recovery of the rupee, ending the week with a gain of 3.5 percent, the biggest weekly gain in two months. The rupee appreciated , due to recent measures announced by the new central bank governor Raghuram Rajan . Analysts, however, warn of force could be short -lived, as underlying growth indicators remain weak. ” The relief rally has much to do with the statements and actions regarding the currency adopted by RBI , which gave some comfort to markets. Nevertheless, this is only a short-term move, there are still problems with growth and would be a while before they see true market recovery, “said Dhananjay Sinha, one of the chiefs (institutional research) , Emkay Global Financial Services . Read More - http://trifidresearch.com/blog/market-rally-continues-on-rupee-recovery/