DATE: Thursday, 26th February 2015
USD/INR: as on 25th February, 2015
USD/INR as on 25th February, 2015
Highest till date: 68.85 on 28th August, 2013
Forward premium (%) as on 25th February, 2015
The rupee extended its gains against the American currency for the second consecutive day, surging 23 paise to end at nearly three-week high at 61.97 on Wednesday on Budget optimism and sustained dollar selling by banks. Good foreign capital inflows also helped the rupee maintain its gains at closing. The rise comes ahead of the Union Budget on Saturday that is expected to be a platform for more reform initiatives and growth measures. The rupee resumed higher at 62.06 per dollar as against the yesterday's closing level of 62.20 per dollar at the Interbank Foreign Exchange (Forex) Market. It further firmed up to 61.95 on sustained selling of dollars before ending at 61.97 per dollar, showing a gain of 23 paise or 0.37 per cent. The local currency has mow gained by 34 paise or 0.55 per cent in two sessions.
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on 26th February 2015, @ 10.00 am )
Cash/Spot: 2.20/3.20 Cash/Tom: 1.10/1.60
Tom/Spot: 1.10/1.60 Spot/Next: 3.60/4.50
Cash Date: 26th February 2015.
Tom Date: 27th February 2015.
Spot Date: 2nd March 2015.
MAJOR WORLD CURRENCIES: as on 25th February, 2015*
USD: The dollar remained broadly lower against a basket of other major currencies on Wednesday after downbeat U.S. new home sales data and as Tuesday's remarks by Federal Reserve Chair Janet Yellen continued to weigh.The U.S.Dollar Index which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.24% at 94.30.
EUR: The euro was almost unchanged against the dollar in quiet trade on Wednesday as investors scaled back expectations on the timing of a U.S. rate hike while lingering concerns over the conditions attached to Greece’s bailout extension also kept investors cautious.EUR/USD was last at 1.1361, holding below session highs of 1.1388.
GBP: The pound rose to nearly two-month highs against the U.S. dollar on Wednesday, after data showed that U.K. mortgage approvals rose more-than-expected last month, while comments by Federal Reserve Chair Janet Yellen weighed heavily on the greenback.GBP/USD hit 1.5538 during European morning trade, the pair's highest since January 2; the pair subsequently consolidated at 1.5527, gaining 0.36%.
GOLD: Gold prices ended the U.S. day session modestly higher Wednesday, supported by short covering in the futures market, bargain hunting in the cash market, and on some fresh demand for physical gold coming out of Asia. The weaker U.S. dollar index and firmer crude oil prices were also a bullish outside markets working in favor of the precious metals bulls Wednesday. April Comex gold was last up $4.60 at $1,201.90 an ounce. May Comex silver was last up $0.242 at $16.475 an ounce.
Outlook For The Day ( 26th February 2015)
USD/INR is expected to trade in the range between 61.80 to 62.20 with higher bias. US dollar is expected to Weaken against the Majors.
MAJOR WORLD CURRENCIES:
as on 25th February, 2015
(Updated: 17:30 hrs on 25th February, 2015)
1 EUR =
1 GBP =
100 JPY =
1 AUD =
1 CHF =
(Updated: 17:30hrs on 25th February, 2015)
(As on 25th February, 2015)
Major Economic Data Releases for the Day
Second Estimate GDP
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