NRI Newsletter - Market News

NRI Newsletter - Market News

 

DATE: Monday, 29th June 2015

 

USD/INR: as on 26th June, 2015

The rupee continued its weakening trend on Friday for the fourth straight session by losing another two paise to 63.6450 per dollar in a range-bound trade on month-end demand for the American currency from importers despite weaker greenback overseas. However, foreign capital inflows into equity market restricted the rupee's fall to some extent.

USD/INR as on 26th June, 2015

Currency

OPEN

HIGH

LOW

CLOSE

USD/INR

63.6400

63.6550

63.5700

63.6450

Highest till date: 68.85 on 28th August, 2013

 

Forward premium (%) as on  26th June, 2015

Periods

1 Mth

3 Mth

6 Mth

12 Mth

Premiums

7.03/7.40

7.15/7.28

7.12/7.18

7.11/7.14

 

USD/INR Cash/Tom/Spot Levels: (in Paisa)                                       

(Updated as on 29th June, 2015, @ 10.00 am )  

 

Cash/Spot: 2.00/3.00      Cash/Tom: 1.00/1.50

Tom/Spot:    1.00/1.50      Spot/Next: 1.00/1.50

 

 Cash Date: 29th June, 2015.

 Tom Date:   30th June, 2015.

 Spot Date:  01st July, 2015.

 

MAJOR WORLD CURRENCIES: as on 26th June, 2015

USD: The dollar edged higher against a basket of other major currencies on Friday, after data showed that U.S. consumer sentiment improved unexpectedly this month, fuelling further optimism over the strength of the economy. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.21% at 95.57.

 

EUR: The euro trimmed losses against the U.S. dollar on Friday, but remained under pressure as upbeat U.S. consumer sentiment data added to optimism over the strength of the country's economy and as Greek debt negotiations remained in focus. EURUSD pair traded between 1.1129 and 1.1219 before closing at 1.1164.

GBP: The pound was almost unchanged against the U.S. dollar on Friday, as investors remained cautious amid ongoing Greek debt negotiations and as markets eyed a speech by Bank of England Governor Mark Carney due later in the day. GBP/USD hit 1.5706 during European morning trade, the session low; the pair subsequently consolidated at 1.5750.

GOLD: Gold prices were little changed during a listless trading period as investors await further clarification from ongoing Greek negotiations. Trade was stuck in a tight range, fluctuating between $1,168.25 and $1,178.60.

Outlook For The Day (29th June, 2015)

USD/INR is expected to trade in a range between 63.80 to 64.10 with higher bias. US dollar is expected to strenghten against the Majors. 

MAJOR WORLD CURRENCIES:

as on 26th June, 2015

 

CURRENCY

OPEN

HIGH

LOW

CLOSE

EUR/USD

1.1205

1.1219

1.1129

1.1164

GBP/USD

1.5744

1.5766

1.5706

1.5750

AUD/USD

0.7735

0.7740

0.7627

0.7653

JPY/USD

123.60

123.98

123.20

123.85

 

Foreign Currencies

(Updated: 17:30 hrs. on 26th June, 2015)

 

USD/INR 63.6450

Against

USD

INR

1 EUR    =

1.1198

71.27

1 GBP    =

1.5726

100.09

100 JPY  =

123.61

51.49

1 AUD    =

0.7658

48.74

1 CHF    =

0.9321

68.28

 

Precious Metals

(Updated: 17:30 hrs on 26th June, 2015)

 

Gold ($/oz)

1173.3550

Silver ($/oz)

15.8225

 

Stock Indices

(As on 26th June, 2015)

 

Index Close

25th June

26th June

BSE Sensex

27895.97

27811.84

NSE Nifty

8398.00

8381.10

Dow Jones

17890.36

17946.68

NASDAQ

5112.19

5080.51

 

 

    Major Economic Data Releases for the Day

Date

Region

Time(IST)

Description

29.06.2015

GBP

03:00 PM

Net lending to individuals m/m

29.06.2015

USD

08:00 PM

Pending home sales m/m

The views contained herein are those of individuals and not necessarily those of the Bank.  This is for information purpose only and no recommendations are intended.  While due care has been taken in preparation of this communication, IOB cannot be held responsible for any consequences of any decisions based on this information. Comments/Suggestions may be freely emailed to feddeal@iobnet.co.in