After the Fed announced new monetary stimulus and after India raised diesel prices
However, the rupee's session was slightly marred by higher-than-expected inflation
US Fed's stimulus measures and UPA's nod for FDI in retail are the reasons
Besides selling of dollar by exporters & banks, strong opening in domestic equity market supported rupee
Unless inflation comes down to comfortable levels, there won't be any significant rate cuts announced by the RBI
However, the RBI lowered the banks' cash reserve ratio by 25 basis points
Cities govt's recently announced reform moves as well as Federal Reserve's quantitative easing
The focus of RBI remains to contain inflation, CRR cut to release Rs 17,000 crore in liquidity
RBI disappointed investors by keeping its key repo rate on hold
Growing number of small and mid-sized deals in India in over two years give trend a push
Besides dollar's gains against euro in overseas mkts, weak opening in stock mkt also put pressure on rupee
Euro close to four-month highs against the yen and the dollar
The rupee has rallied 2.6% over the previous two sessions
Increased demand from banks & importers, political crisis after Trinamool Cong withdrew support to UPA govt weigh on rupee sentiment
As a key ally of the country's ruling coalition withdrew its support
Euro fell to a 1-week low against the dollar after disappointing German private sector data
Fresh selling of dollar from banks & exporters amid expectations of more foreign capital inflows boosted rupee value