NRI Newsletter - Market News

NRI Newsletter - Market News

 

DATE: Friday, 24th   April 2015

USD/INR: as on 23rd    April, 2015

USD/INR as on 23rd  April, 2015

Currency

OPEN

HIGH

LOW

CLOSE

USD/INR

62.95

63.34

62.8850

63.32

Highest till date: 68.85 on 28th August, 2013

 

Forward premium (%) as on 23rd  April, 2015

Periods

1 Mth

3 Mth

6 Mth

12 Mth

Premiums

7.47/7.84

7.41/7.53

7.33/7.39

7.05/7.08

The rupee today plummeted to an over three-month low of 63.32 by losing 50 paise against the US dollar on renewed demand for the American currency from banks and importers amid foreign capital outflows in the equity market. The domestic currency today opened lower at 62.95 as against the last closing level of 62.82 at the Interbank Foreign Exchange and dropped further to 63.34 before concluding at 63.32, marking a loss of 50 paise.



 

 

 

 

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

 (Updated as on 24th  April, 2015@ 10.00 am )

 

Cash/Spot:     4.60/6.10           Cash/Tom:     3.50/4.50

Tom/Spot:     1.10/1.60          Spot/Next:       1.10/1.60

 

 

 Cash Date: 24th   April, 2015.

 Tom Date: 27th     April, 2015.

 Spot Date: 28th     April, 2015.

 

MAJOR WORLD CURRENCIES: as on  23rd    April, 2015

USD: The dollar turned broadly lower against a basket of other major currencies on Thursday, after data showed that U.S. jobless claims rose unexpectedly last week and that U.S. new home sales dropped far more than expected in March.The U.S.Dollar Index which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.60% to 97.66.

 

EUR:   The euro remained higher against the U.S. dollar on Thursday, after downbeat U.S. jobless claims and new home sales data dented demand for the greenback.EUR/USD hit 1.0845 during U.S. morning trade, the session high; the pair subsequently consolidated at 1.0824, rising 0.34%.

 

GBP: The pound fell agains the U.S. dollar on Thursday, after disappointing retail sales data from the U.K. and as the previous session's U.S. home sales data continued to support the greenback.GBP/USD hit 1.4957 during European morning trade, the session low; the pair subsequently consolidated at 1.5056, sliding 0.19%.

 GOLD: Gold prices ended the U.S. day session higher onThursday, on some short covering and perceived bargain hunting after recent selling pressure. The key “outside markets” were fully bullish for the precious metals on this day, as the U.S. dollar index was sharply lower and crude oil prices were sharply higher. June Comex gold was last up $8.50 at $1,195.30 an ounce. May Comex silver was last up $0.096 at $15.88 an ounce.
 
 

Outlook For The Day (24th    April, 2015)

USD/INR is expected to trade in a range between 63.20 to 63.50 with higher bias. US dollar is expected to weaken against the Majors.

 

MAJOR WORLD CURRENCIES:

as on 23rd   April, 2015

 

CURRENCY

OPEN

HIGH

LOW

CLOSE

EUR/USD

1.0724

1.0845

1.0665

1.0824

GBP/USD

1.5033

1.5069

1.4957

1.5056

AUD/USD

0.7753

0.7790

0.7708

0.7777

JPY/USD

119.91

120.09

119.40

119.56

 

 

Foreign Currencies  

(Updated: 17:30 hrs on 23rd    April, 2015)

 

USD/INR 63.32

Against

        USD

           INR

1 EUR    =

1.0767

68.17

1 GBP    =

1.5026

95.14

100 JPY =

120.00

52.76

1 AUD    =

0.7732

48.95

1 CHF    =

0.9636

65.71

 

 

Precious Metals 

(Updated: 17:30hrs on  23rd    April, 2015)

Gold ($/oz)

1193.50

Silver ($/oz)

      15.88

 

Stock Indices

(As on  23rd     April, 2015)

 

Index Close

22nd   April

23rd    April

BSE Sensex

27890.13

27735.02

NSE Nifty

8429.70

8398.30

Dow Jones

18038.27

18058.69

NASDAQ

5035.27

5056.06

    Major Economic Data Releases for the Day

Date

Region

Time(IST)

Description

24.04.2015

EUR

01.30 PM

German IFO Business Climate

24.04.2015

USD

06.00 PM

Core Durable Goofs Orede

 

 

 

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 preparationof 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