The rupee on June 29 gained 27 paise to close at 67.68 against the US currency on dollar selling by banks and exporters amid firm stock markets
In an interview to CNBC-TV18, Philip Poole of HSBC says the uncertainty in terms of monetary policy no longer exists after the US election results. However, he says the fiscal cliff issue still needs to be addressed. He sees an eventual solution that will reduce the fiscal drag.
Oil prices are poised to gain for the third straight week, undermining global equity market sentiment and threatening the fragile economic recovery, CNBC`s weekly survey of market sentiment showed.