Epic Indian Rupee Update

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Epic Research
The rupee dropped to a record low in early trade on Monday tracking gains in the U.S. dollar after disappointing data from China and slightly better-than-expected US jobs data.

The partially convertible rupee was trading at 57.37/38 per dollar after hitting a record low of 57.38, past the previous all-time low of 57.32 hit in June 2012. The rupee had closed at 57.06/07 on Friday.
 
Epic Indian Rupee Update

The rupee fell to all-time low of 58.98 intra-day against dollar in yesterday%u2019s trade on intense demand for the US currency, but ended 24 paise down at 58.39, a record low.
 
Epic Asian Markets Update

Asian markets were trading mixed. China%u2019s Shanghai Composite was down 1.23 percent or 26.59 points at 2,132.70.
Hong Kong%u2019s Hang Seng shed 0.53 percent or 112.97 points at 21,112.91.
Japan%u2019s Nikkei rose 2.01 percent or 261.30 points at 13,268.58.
Singapore%u2019s Straits Times was down 0.15 percent or 4.73 points at 3,224.82.
South Korea%u2019s Seoul Composite slipped 0.47 percent or 8.85 points at 1,891.77.
Taiwan%u2019s Taiwan Weighted was up 0.27 percent or 21.97 points at 8,032.99.
 
Epic Asian Markets Update

Asian markets bounced back on Tuesday, after seeing a fall in previous session due to China%u2019s liquidity woes. Hong Kong%u2019s Hang Seng rose 132.54 points or 0.67 percent to 19,946.52.

Japan%u2019s Nikkei 225 Average was up 108.50 points or 0.83 percent to 13,171.28 and South Korea%u2019s Kospi Composite Index gained 7.35 points or 0.41 percent at 1,806.36.

Singapore%u2019s Straits Times Index climbed 22.88 points or 0.74 percent to 3,097.19 and Taiwan Weighted rose 5.95 points to 7,763.98.

However, China%u2019s Shanghai Composite touched a 4.5-year low in morning trade, but recovered some of its losses later on. It was trading at 1,951.13, down 12.10 points or 0.62 percent.
 
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