2. MARKET HEADLINES Rupee falls for third week; future of flows keyThe rupee weakened on Friday, falling 1.3 percent for the week,extending its losing streak to a third successive week, hurt by concernsabout a possible pullback in global fund flows and the countrysexternal deficit.The rupee found support from the central banks plan to ease hedgingrules for exporters and importers, a move which is expected toincrease supply of dollars.The rupee ended at 55.63/64 versus its close at 55.59/60 on Thursday,falling for a sixth successive session. It is also the rupees longestweekly losing streak since late November. Yuan ends up after hitting new high, buoyed byrecord midpoint fixThe central bank fixed a record high midpoint for the yuan onFriday despite the dollars overnight rally, allowing the spot market topush it to a new high, which some traders said could signal aquickening pace of reforms for the currency regime.Spot yuan changed hands at 6.1276 against the dollar in late morningTrade, its highest since China established the domestic foreignexchange market in 1994.It eased slightly to close at 6.1316, still up from 6.1340 at Thursdaysclose. Yuan down slightly, weak survey might impactappreciation trendChinas yuan, which hit record highs the past two days, closed slightlylower against the dollar on Thursday after the central bank signalled apause in moves encouraging appreciation for the currency.Spot yuan closed at 6.1340 against the dollar, down from 6.1311 at theend of Wednesday trading.Before Thursday trade began, the Peoples Bank of China (PBOC)fixed the yuans midpoint at 6.1947, a little weaker than Wednesdaysrecord high midpoint of 6.1904. The yuan is allowed to rise or fall 1percent in a day from the central banks base rate.
8. DISCLAIMERAll data and reports at Research Via are only information services for subscribers and are notindividualized recommendations to buy or sell securities, nor offers to buy or sell securities.Under any circumstances the subscription amount paid to Research Via are not refundable.Investment in equity shares, futures, options and commodities has its own risks. Sincere effortshave been made to present the right investment perspective. The information contained herein isbased on analysis and on sources that we consider reliable. We, however, do not vouch for theaccuracy or the completeness thereof. This material is for personal information and we are notresponsible for any loss incurred due to it & take no responsibility whatsoever for any financialprofits or loss which may arise from the recommendations above.This Website is for information purposes only. The information contained on this should not beconstrued as an offer to sell, a solicitation of an offer to buy, or a recommendation for the unitsof the schemes of Research Via. Research Via is neither responsible nor liable for third partycontent provided or content from any other aspect of any other Website, which may be accessedfrom this Website. A possibility exists that the site could include inaccuracies or errors.Additionally, a possibility exist that unauthorized additions, deletions or alterations could bemade by third parties to the site. Although Research Via attempts to ensure the integrity,correctness and authenticity of the site, it makes no guarantees whatsoever as to itscompleteness, correctness or accuracy. In the event, that such an inaccuracy arises, pleaseinform Research Via so that it can be corrected.Research Via and its owners/affiliates are not liable for damages caused by any performance,failure of performance, error, omission, interruption, deletion, defect, delay in transmission oroperations, computer virus, communications line failure, and unauthorized access to thepersonal accounts. Research Via is not responsible for any technical failure or malfunction of thesoftware or delays of any kind. We are also not responsible for non-receipt of registration detailsor e-mails. Research Via is not responsible for the content of any of the linked sites. By providingaccess to other web-sites, Research Via is neither recommending nor endorsing the contentavailable in the linked websites.