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The Indian rupee appreciated for the second straight day on likely overseas funds inflow into local stocks, while bond yields dropped to fresh six-week low tracking a sharp fall in US Treasury yields, dealers said

Rising for the second straight day, the rupee gained 9 paise to 66.09 against the US dollar in early trade on Friday, as the greenback fell in overseas markets on hopes that the post the liftoff, any rate hike by the US Federal Reserve would only be gradual.

Asian stocks will react to the influential US nonfarm payroll data for June 2013, which will be released during trading hours in the United States. As per market expectations, the data is likely to show an increase of 165,000 jobs in June 2013. The monthly payroll report has been looked at for cues on whether or not the Federal Reserve will begin to roll back its bond-buying program before the end of this year.

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The INR(rupee) is not too far away from hitting 70 to the US dollar and could slump even further to a new record by the end of the year 2016, according to reports, as world wide investors pull out funds due to emerging market unstability and worries that the govt may ease up on fiscal deficit targets to shore up growth.

Share tips & currency updates : Cracking a 2-day losing streak, the INR(rupee) went high by 18 paise to 66.75 in early trade on yesterday, as Asian currencies recovered amid reports that the Chinese central bank, PBoC, was intervening to support the tumbling yuan.

The Indian rupee appreciated for the second straight day on likely overseas funds inflow into local stocks, while bond yields dropped to fresh six-week low tracking a sharp fall in US Treasury yields, dealers said

Share tips - The broader market traded in line with the benchmark indices with the BSE midcap and smallcap indices trading lower by 0.61 and 0.32 per cent, respectively. Today, the rupee dropped 18 paise to hit its lowest level to 68.56 against the USDr since Sep 4, 2014, in early trade amid weak cues from Asian currency markets.

1. Sensex jumps 200 points ahead of US Fed meet. 2. China stocks flat ahead of Fed meet; energy shares up. 3. Oil mkt makes only one promise, and that's volatility. 4. Rupee inches up ahead of US Fed meet outcome. 5. L&T, Maruti, Strides Shasun among top 5 buy ideas from top brokerages. 6. F&O view: Heavy Call OI buildup at strike 8,000 to cap Nifty50 upside.

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MCX Gold Silver Trend:- Gold & Silver are facing a down fall in the global market. Despite this the MCX commodity market is gaining support in the gold and silver. Gold & Silver are trading with the strength in the commodity market.Increasing decline in rupee against the dollar in the domestic market have resorted to gold and silver.

RBI launches New Digital Currency in India, in 2022, with an aim to provide an alternative to physical cash & develop the next-generation financial system of India.