DATE: Friday, 29th May 2015
USD/INR: as on 28th May, 2015
The Indian rupee on Thursday snapped its 3-day losing streak against the US dollar by ending 21 paise higher at 63.80 on fresh selling of the greenback by banks and exporters. However, month-end dollar demand from importers, mainly oil refiners, restricted the rupee's gains
USD/INR as on 28th May, 2015
Highest till date: 68.85 on 28th August, 2013
Forward premium (%) as on 28th May, 2015
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on 29th May, 2015, @ 10.00 am )
Cash/Spot: 4.50/6.25 Cash/Tom: 3.50/4.50
Tom/Spot: 1.00/1.75 Spot/Next: 1.00/1.60
Cash Date: 29th May, 2015.
Tom Date: 01st June, 2015.
Spot Date: 02nd June, 2015.
MAJOR WORLD CURRENCIES: as on 28th May, 2015
USD: The dollar was little changed against a basket of other major currencies in quiet trade on Thursday, after the release of U.S. economic reports as expectations for a rate hike by the Federal Reserve in the coming months continued to support the greenback. The U.S.Dollar Index which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.22% at 97.55, close to Wednesday's five-week highs of 97.88.
EUR: EUR/USD rose modestly on Thursday extending gains from one session earlier, as high-level discussions in Brussels regarding the Greek debt crisis and mulled polarizing views from influential Federal Reserve officials on the timing of an interest rate hike. EUR/USD was traded between 1.0958 and 1.0867 before closing at 1.0946
GBP: The pound edged lower against the dollar on Thursday after data showed that the rate of economic growth in the U.K. in the first three months of the year was unchanged from initial estimates. GBP/USD was traded between 1.5385 and 1.5259 before closing at 1.5314
GOLD: Gold struggled to recover from
a two-week low on Thursday as a robust dollar and the prospectsof higher U.S. interest rates dented demand for the metal.
Outlook For The Day (29th May, 2015)
USD/INR is expected to trade in a range between 63.60 to 63.85 with lower bias. US dollar is expected to weaken against the Majors.
MAJOR WORLD CURRENCIES:
as on 28th May, 2015
(Updated: 17:30 hrs. on 28th May, 2015)
1 EUR =
1 GBP =
100 JPY =
1 AUD =
1 CHF =
(Updated: 17:30hrs on 28th May, 2015)
(As on 28th May, 2015)
Major Economic Data Releases for the Day
German Retail Sales
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