Rupee climbs on investment rating
February 3, 2005
Rupee climbs on investment rating
Story link: Rupee climbs on investment rating
TAGS:
India's rupee is currently enjoying a 5-year high against the US dollar, after major credit rating agency Standard & Poor increased the country's creit worthiness to just under investment standard.
The rupee reached 43.305 against the USD on trading, which means that it has gained nearly 1% value in just three sessions.
Standard & Poor, which rates borrowers' creditworthiness, lifted India's rating to BB+ - which is just under the BBB- grade for investment.
The move is a vote of confidence in Indian stocks and shares, and is expected to reverse a recent movement of funds into strong South-Asia currencies such as Korea and Thailand.
Latest News:
- Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, TRY - February 3, 2012
- Dollars to Euros Exchange Rate – GBP USD Hits A Level Ahead Of This Afternoon’s US Non-Farm Payroll Figure - February 3, 2012
- Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AED - February 2, 2012
- Pounds to Euros Exchange Rate Today – GBP USD Spirals As Share Markets Gain and Global Appetite For Risk Returns - February 2, 2012
- Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, SGD - February 1, 2012
- Pound Sterling to Euro Exchange Rate – GBP EUR Gains Following Record Eurozone Unemployment Figure - February 1, 2012
- Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, ZAR - January 31, 2012
- Dollars to Pounds Exchange Rate – GBP EUR Steady In Spite Of Spiralling Portuguese Debt Yields - January 31, 2012
- Pound to Dollar Exchange Rate Today - GBP EUR Rate Drops As Greece Nears Debt Accord With Its Creditors - January 30, 2012
- Pounds to Euros Exchange Rate Today - GBP EUR Heads Higher AS Greek Debt Discussions Resume, GBP USD Rate At Risk - January 27, 2012
Daily Market Updates
Major Currency Forecasts
Currency Pairs
Currency Rates Today
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-aud-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-gbp-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-cad-small.gif)
![[Most Recent Exchange Rate from www.kitco.com]](http://www.weblinks247.com/exrate/24hr-euro-small.gif)