NIFTY  8,926.90  0.21%
  SENSEX  28,864.70  0.36%
 CURRENCY  Rs  66.93/$ 70.86/€, 83.36/£
  GOLD  29,218.00  -0.28%
  SILVER  42,708.00  -0.30%
  DAX  11,998.60  0.26%
  FTSE  7,302.25  0.38%
  CAC  4,895.88  0.12%
  HANG SENG  24,202.00  0.99%
  NIKKEI  19,379.90  -0.01%
  Shanghai Composite  3,261.22  0.14%
  DOW JONES  20,743.00  0.58%
  NASDAQ  5,865.95  0.47%
  S&P 500  2,365.38  0.60%
RBI GOVERNOR - Sufficient Flexibility To Move Policy Rate In Either Direction RBI GOVERNOR - Shift In Stance To Help Ensure That Inflation Brought Closer To 4% Aim

Was Rupee Unprepared for Fed QE Statement?

Video:

Play this video

The rupee has been the worst hit by Fed’s statements on QE on fears of FII outflows, though Moses Harding, Exec Vice President, IndusInd Bank believes it had factored in such an expectation when it slid from 54 to 59 per dollar. He added that the rupee has also been suffering due to CAD, etc. So it was expected to weaken to close to 60/$.