DATE: Tuesday, 13th October 2015
USD/INR: as on 12th October, 2015
The rupee on Monday ended marginally lower against the American currency on mild dollar demand from importers. The domestic currency opened lower at 64.82 per dollar as against Friday's closing level of 64.74 at the Interbank Foreign Exchange market on initial dollar demand from banks and importers. Later, it gained on dollar selling by exporters to Rs 64.6925 before concluding at 64.75 per dollar, showing a mere loss of one paise or 0.02 per cent. The domestic unit hovered in a range of 64.88 and 64.6925 per dollar during the day.
USD/INR as on 12th October, 2015
Highest till date: 68.85 on 31st August, 2013
Forward premium (%) as on 12th October, 2015
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on 13th October 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: 13th October, 2015
Tom Date: 14th October, 2015
Spot Date: 15th October, 2015
MAJOR WORLD CURRENCIES: as on 09th October, 2015
USD: The dollar remained broadly lower against the other major currencies in subdued trade on Monday, as declining expectations for a U.S. rate hike before the end of the year continued to weigh on demand for the greenback. Trading volumes remained thin on Monday, with U.S. markets closed for a national holiday. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.15% at 94.79, the lowest level since September 18.
EUR: EUR/USD posted modest gains on Monday reaching its highest level in three weeks, as currency traders continue to weigh whether the Federal Reserve will wait until 2016 before raising short-term interest rates. The currency pair traded in a range between 1.1351 and 1.1396, before settling at 1.1355, up 0.0003 or 0.03% on the session.
GBP: The pound rose against its U.S. counterpart on Monday, but gains were expected to remain limited as expectations for a U.S. rate hike in the coming months continued to lend broad support to the greenback. GBP/USD hit 1.5373 during European morning trade, the session high; the pair subsequently consolidated at 1.5344, adding 0.16%.
GOLD: Gold rose to its highest level since early July on Monday as expectations that the Federal Reserve will postpone an expected U.S. interest rate hike beyond the end of the year pressured the dollar to three-week lows against a currency basket.
Outlook for the day (13th October, 2015)
USD/INR is expected to trade in a range of 64.80 to 65.20 with a higher bias. US dollar is expected to strengthen against the Majors.
MAJOR WORLD CURRENCIES:
as on 12th October, 2015
(Updated: 17:30 hrs. on 12th October, 2015)
1 EUR =
1 GBP =
100 JPY =
1 AUD =
1 CHF =
(Updated: 17:30 hrs on 12th October, 2015)
(As on 12th October, 2015)
Major Economic Data Releases for the Day
German ZEW Economic Sentiment
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