NRI Newsletter - Market News

NRI Newsletter - Market News

 

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

Currency

OPEN

HIGH

LOW

CLOSE

USD/INR

62.03

62.22

61.93

61.9450

Highest till date: 68.85 on 28th August, 2013

 

Forward premium (%) as on 20th November, 2014  

Periods

1 Mth

3 Mth

6 Mth

12 Mth

Premiums

7.69/8.06

7.73/7.86

7.63/7.69

7.31/7.35

 

 

 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

Tom Date

Spot Date

         24th November’14

         25th November’14

 



MAJOR WORLD CURRENCIES: as on
20th November, 2014



USD
: The dollar was little changed against a basket of other major currencies on Thursday, as the release of strong manufacturing data from Philadelphia was offset by mixed U.S. jobless claims and inflation reports. The US Dollar Index, which tracks the performance of the greenback against a basket of six major currencies, was steady at 87.69, not far from last week’s more than four-year highs of 88.36.

 

 

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.

 

 

 

                                                                                                                                                                                                                                                                                                                            GBP:   The pound was higher against the dollar, with GBP/USD up 0.18% to 1.5693. Sterling found support after data showed that U.K. retail sales rebounded by a stronger than forecast 0.8% in October after a 0.4% drop the previous month.
 

 

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

 

CURRENCY

OPEN

HIGH

LOW

CLOSE

EUR/USD

1.2553

1.2575

1.2504

1.2538

GBP/USD

1.5681

1.5736

1.5630

1.5693

AUD/USD

0.8616

0.8641

0.8564

0.8616

JPY/USD

117.94

118.96

117.72

118.20

Foreign Currencies  

(Updated: 17:30 hrs on 20th November, 2014)

 

 

USD/INR 61.9450

Against

        USD

           INR

1 EUR    =

1.2536

77.68

1 GBP    =

1.5684

97.19

100 JPY =

117.66

52.66

1 AUD    =

0.8646

53.57

1 CHF    =

0.9585

64.65

 

 

Precious Metals 

(Updated: 17:30hrs on 20th November, 2014)

 

 

Gold ($/oz)

1194.90

Silver ($/oz)

    16.19


 
 

Stock Indices

(As on 20th November, 2014)
 

 

Index Close

18th November

 19th November

BSE Sensex

28032.85

28067.56

NSE Nifty

 8382.30

 8401.90

Dow Jones

17685.73

17719.00

NASDAQ

 4675.71

 4701.87

 

 

 

    Major Economic Data Releases for the Day

 

Date

Region

Time(IST)

Description

20.11.2014

Euro

13.30

ECB’s Mr. Draghi Speech.

 

 

 

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 preparation of 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