DATE: Friday, 24th October 2014
USD/INR: as on 23rd October, 2014
The Indian rupee traded in a tight range 61.18 and 61.25 as Mumbai remained closed due to Diwali. It will remain closed tomorrow due to Balipratipada.
Rupee Forward premiums (as on 23rd October, 2014)
Mumbai markets remained closed due to Diwali for Thursday and will be closed on Friday.
USD/INR as on 22nd October, 2014 **
Highest till date: 68.85 on 28th August, 2013
Forward premium (%) as on 22nd October, 2014**
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on 24th October 2014 @ 9.00 )**
**(Mumbai holiday on 23rd and 24th Oct.2014)
Cash/Spot: 7.75/9.00 Cash/Tom: 6.50/7.50
Tom/Spot: 1.25/1.50 Spot/Next: 1.00/2.00
Cash Date 24th October’14
MAJOR WORLD CURRENCIES: as on 23rd October, 2014
USD: The Dollar went up against majors on Thursday on good jobless data. The US Department of Labor reported earlier that the number of individuals filing for initial jobless benefits in the week ending Oct. 18 increased by 17,000 to 283,000, broadly in line with forecasts. The four-week average fell to 281,000, the lowest since May 2000, while continuing claims, which includes those receiving benefits for at least a second month in a row, also hit a 14-year low pushing USD up against majors.
EUR: The Euro was down against dollar on good jobless claims from US on Thursday. It opened at 1.2648 and touched high of 1.2676 and intraday low of 1.2612. It closed at 1.2644 on Thursday.
GBP: The pound opened at 1.6049 and touched high of 1.6059. Intraday it touched low of 1.5993 on good US Jobless claim data. It closed at 1.6028 on Thursday.
Major Economic Data Releases for the Day
GOLD: Gold opened at 1240.59 and touched high of 1244.70 and touched low of 1226.17 on good US jobless data, before closing at 1231.89 on Thursday.
MAJOR WORLD CURRENCIES:
as on 23rd October, 2014
(Updated: 17:30 hrs on 23rd October, 2014)
1 EUR =
1 GBP =
100 JPY =
1 AUD =
1 CHF =
(Updated: 17:30hrs on 23rd October, 2014)
(As on 23rd October, 2014)
Outlook For The Day (24th October, 2014)
USD/INR is expected to trade in a narrow range as Markets will remain closed due to “Diwali”. In Overseas markets US Dollar may weaken against the majors.
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