DATE: Thursday, 26th March 2015
USD/INR: as on 25th March , 2015
USD/INR as on 25th March, 2015
Highest till date: 68.85 on 28th August, 2013
Forward premium (%) as on 25th March, 2015
The Indian rupee on Wednesday snapped its seven-day winning spree against the Greenback, declining 7 paise to end at 62.33 on month-end dollar demand from banks and importers. The rupee's longest run of gains since June 2011 ended amid renewed dollar demand in view of a higher dollar in the international market. The rupee resumed lower at 62.32 per dollar as against yesterday's closing level of 62.26 at the Interbank Foreign Exchange (Forex) Market.
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on 26th March 2015, @ 10.00 am )
Cash/Spot: 4.40/6.40 Cash/Tom: 1.10/1.60
Tom/Spot: 3.30/4.80 Spot/Next: 1.00/1.60
Cash Date: 26th March 2015.
Tom Date: 27th March 2015.
Spot Date: 30th March 2015.
MAJOR WORLD CURRENCIES: as on 25th March, 2015
USD: The dollar remained broadly lower against a basket of other major currencies on Wednesday, after data showed that U.S. durable goods orders fell unexpectedly in February, fuelling fresh uncertainty 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 down 0.34% to 97.10.
EUR: The euro was trading close to session highs against the dollar on Wednesday after data showing an unexpected drop in U.S. durable goods orders raised concerns over the outlook for first quarter growth.EUR/USD was last at 1.0969, 0.49% higher for the day, not far from session highs of 1.1014.
GBP: The pound rose against the U.S. dollar on Wednesday, after upbeat U.K. mortgage approvals data, although the greenback remained mildly supported by hopes for a near-term U.S. rate hike.GBP/USD hit 1.4953 during European morning trade, the session high; the pair subsequently consolidated at 1.4878, gaining 0.27%.
GOLD: Gold prices ended the U.S. day session modestly higher and hit a three-week high on Wednesday. The yellow metal came within a whisker of pushing above the key $1,200.00 mark, basis April Comex futures. Several fundamental factors worked in favor of the precious metals Wednesday, including a slumping U.S. dollar index that continues to be a major bullish underlying theme for most raw commodity markets. April Comex gold was last up $5.70 at $1,197.00 an ounce. May Comex silver was last up $0.017 at $17.00 an ounce.
Outlook For The Day ( 26th March 2015)
USD/INR is expected to trade in the range between 62.55 to 62.85 with higher bias . US dollar is expected to strengthen against the Majors.
MAJOR WORLD CURRENCIES:
as on 25th March, 2015
(Updated: 17:30 hrs on 25th March, 2015)
1 EUR =
1 GBP =
100 JPY =
1 AUD =
1 CHF =
(Updated: 17:30hrs on 25th March, 2015)
(As on 25th March, 2015)
Major Economic Data Releases for the Day
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