NRI Newsletter - Market News

NRI Newsletter - Market News
 
DATE: Friday, 28th August 2015
 
 
USD/INR: as on 27th August, 2015
After a brief overnight fall, the rupee on Thursday recovered against the American currency on fresh selling of dollar by exporters amid a smart rebound in local equity markets. The domestic unit opened sharply higher at 65.95 per dollar against Wednesday's closing level of 66.14 at the Interbank Foreign Exchange market and rallied further to touch an intra-day high of 65.8550 following heavy dollar unwinding by corporates. However, the local currency turned highly volatile in late afternoon trade to reverse its initial robust gains and slipped back to hit a low of 66.1450. Later, it regained some lost ground to settle at 66.0450, showing a gain of 10 paise, or 0.15 per cent.
USD/INR as on 27th August, 2015
Currency
OPEN
HIGH
LOW
CLOSE
USD/INR
65.9500
66.1450
65.8550
66.0400
Highest till date: 68.85 on 28th August, 2013
 
Forward premium (%) as on  27th August, 2015
Periods
1 Mth
3 Mth
6 Mth
12 Mth
Premiums
6.68/7.05
6.65/6.77
6.59/6.65
6.58/6.61
 
USD/INR Cash/Tom/Spot Levels: (in Paisa)                                      
(Updated as on 2th August, 2015, @ 10.00 am )  
 
 Cash/Spot: 3.00/4.50     Cash/Tom: 4.00/6.00       
 Tom/Spot:   1.00/1.50      Spot/Next: 1.00/1.50
 
  Cash Date: 28th August, 2015
  Tom Date:   31st August, 2015
  Spot Date:  01st September, 2015
 
 
 
MAJOR WORLD CURRENCIES: as on 27th August, 2015
USD: The dollar remained broadly higher against the other major currencies on Thursday, after a string of upbeat U.S. economic reports boosted optimism 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 up 0.47% at 95.75, the highest level since August 21.
EUR: The euro was slightly lower against the dollar on Thursday as market sentiment improved, sending global stocks and the dollar higher, as investors awaited revised data on U.S. second quarter growth later in the day. EUR/USD fell around 1.7% after the European Central Bank warned that the risk to its medium-term inflation target has increased and it is prepared to expand its economic stimulus program if necessary. The pair traded in a range of 1.1202 and 1.1364, before closing at 1.1243.
GBP: Sterling fell to a 1-1/2-month low against the dollar on Thursday after data showing the United States grew robustly in the second quarter, boosting a view that U.S. interest rates could rise this year. GBP/USD was traded between 1.5368 and 1.5508 before consolidating at 1.5399 during the session.
GOLD: Gold eased on Thursday after its biggest one-day drop in five weeks as upbeat U.S. growth and jobs data drove stocks and the dollar higher, though uncertainty over the timing of a U.S. rate rise held losses in check. Spot gold was seen trading in a range of $ 1117.75 and $1129.40, and closed at $1125.31 per ounce.
Outlook for the day (28th August, 2015)
USD/INR is expected to trade in a range of 65.90 to 66.30 with lower bias. US dollar is expected to strengthen against the Majors. 
 
MAJOR WORLD CURRENCIES:
as on 27th August, 2015
 
CURRENCY
OPEN
HIGH
LOW
CLOSE
EUR/USD
1.1312
1.1364
1.1202
1.1243
GBP/USD
1.5459
1.5508
1.5368
1.5399
AUD/USD
0.7121
0.7180
0.7096
0.7164
USD/JPY
119.90
121.39
119.77
121.03
 
Foreign Currencies
(Updated: 17:30 hrs. on 27th August, 2015)
 
USD/INR 66.0450
Against
USD
INR
1 EUR    =
1.1304
74.66
1 GBP    =
1.5464
102.13
100 JPY  =
0.8319
54.92
1 AUD    =
0.7142
47.17
1 CHF    =
0.9539
        69.24
 
Precious Metals
(Updated: 17:30 hrs on 27th August, 2015)
 
Gold ($/oz)
1126.61
Silver ($/oz)
14.23
 
Stock Indices
(As on 27th August, 2015)
 
Index Close
26th August
27th August
BSE Sensex
25714.66
26231.19
NSE Nifty
7791.85
7948.95
Dow Jones
16285.51
16654.77
NASDAQ
4697.54
4812.71
 
 
    Major Economic Data Releases for the Day
Date
Region
Time(IST)
Description
28.08.2015
GBP
02:00 PM
Second Estimate GDP
28.08.2015
USD
06:00 PM
Goods Trade Balance
28.08.2015
USD
06:00 PM
Core PCE Price Index
28.08.2015
USD
06:00 PM
Personal Spending
 
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