DATE: Friday, 21st November 2014
USD/INR: as on 20th November, 2014
Indian Rupee ended nearly flat on Thursday after a fall to a nine-month low that probably had sparked mild intervention from the central bank, as emerging market currencies were hit by a weak reading in a private survey of China's manufacturing data. The fall in the rupee are raising the prospect of higher imported inflation, although the slump in global crude prices is tempering some of those concerns. Rupee closed at 61.9450 per dollar versus its previous close of 61.9650, after earlier touching a low of 62.22, its weakest level since Feb. 20.
USD/INR as on 20th November, 2014
Highest till date: 68.85 on 28th August, 2013
Forward premium (%) as on 20th November, 2014
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on 21st November 2014 @ 10.00 am )
Cash/Spot: 4.50/6.00 Cash/Tom: 3.50/4.50
Tom/Spot: 1.00/1.50 Spot/Next: 1.00/1.50
Cash Date 21st November’14
EUR: EUR/USD hit session lows of 1.2504 and was last down 0.09% to 1.2538. The euro remained under pressure after a report showing the euro zone’s services purchasing managers’ index fell to 51.3 this month, while the manufacturing PMI slid to 50.4 from 50.6 in October. The report said the PMI surveys pointed to economic growth of just 0.1% to 0.2% in the current quarter.
GOLD: Spot, gold market saw moderate gains on a corrective bounce from late selling pressure on Wednesday. Spot gold was last up $8.40 at $1,192.00.
Outlook For The Day (20th November, 2014)
USD/INR is expected to trade in a range between 61.80 to 62.00 with higher bias. In Overseas markets US Dollar may weaken against the majors.
MAJOR WORLD CURRENCIES:
as on 20th November, 2014
(Updated: 17:30 hrs on 20th November, 2014)
1 EUR =
1 GBP =
100 JPY =
1 AUD =
1 CHF =
(Updated: 17:30hrs on 20th November, 2014)
Major Economic Data Releases for the Day
ECB’s Mr. Draghi Speech.
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