Rupee stopped at a 3 weeks peak !!!

Rupee closed at its peak at Rs 52.50 on 9th January which was 52.71 on the previous working day. This is the result of interbank currency trading which came into pace due to the concept of Foreign currency flowing at household level.During the Currency trading, the concept of growth in the money has been noticed.  

As a result rupee went to 52.48 per Dollar stabilizing a peak value within last three weeks. Before this it was achieved on 21st of December last year. According to the Experts, the flow of Foreign currency is still on pace  in credit markets.

Investors are expecting drastic cut out in the Reserve Bank policy rates. Traders say that the notion of strengthening of the rupee will continue this week and it could come to a level of 51.80 per dollar. In January, foreign investors have invested $ 1.43 billions.

Experts also said that, the rupee will keep on going stronger against Dollar this month.

Petrol prices to hike again by Rs.2 / liter

Government Oil Companies are all set to hit the pockets of common people. They may increase the petrol prices upto Rs. 1.82 per liter and the reason remains the same; global increase in price of crude oil & the decreasing value of Rupees against Dollar.

It has not been so long, when the companies hiked Petrol Prices by 5% in September this year. B. Mukherjee, Director of Hindustan Petroleum Corporation Limited told that, the companies are suffering from a loss of Rs. 1.5/ liter again.

Cement also goes costlier:-
Cement manufacturers have also increased the price by Rs. 15 per Bag, i.e. the cost has now moved up to Rs 275/- which earlier worth 260/-. Further hike is expected to be introduced in 10 days. The prices have dramatically increased by Rs. 70/- within 1 and half months. according to sources, manufacturers have called the traders and told them to increase the prices by Rs. 10 per bag.