In the recent developments seen in the currency markets, it has been revealed that the Indian Rupee has gained higher points in comparison with the euro. This has brought about the much needed stabilization in the Asian stock markets.

The fluctuations in the recent past have made the market unstable in every sense of the qword. The world markets are slowly and steadily recovering from the many harsh conditions it has had to face in the recent past. There was a recent shift in the way things are going and this resulted in the rise in value of the Indian currency by a tad bit.

The Eurozone crisis has seemed to bring the rest of the economies of the world to a better and a stable position in the world scene.

"We are going to be very range bound as it will be waiting and watch till Thursday”, said a foreign exchange dealer with a large private-sector bank. It’s a matter of time before there can be a further shift in the scenario to bring Europe back in the game and the Indian currency might be in for a likely fall in the time to come.