NRI Newsletter - Market News

NRI Newsletter - Market News

 

 

DATE: Friday, 06th May, 2016

 

 

USD/INR: as on 05th May, 2016

The rupee recouped from its morning losses against the American currency and ended barely steady at 66.55 on mild selling of dollars by banks and exporters in view of recovery in the domestic equity market.

USD/INR as on 05th May, 2016

Currency

OPEN

HIGH

LOW

CLOSE

USD/INR

66.59

66.6050

66.4475

66.545

Highest till date: 68.85 on 31st August, 2013

 

Forward premium (%) as on 05th May, 2016

Periods

1 Mth

3 Mth

6 Mth

12 Mth

Premiums

6.65/6.94

6.68/6.80

6.56/6.62

6.22/6.25









 

USD/INR Cash/Tom/Spot Levels: (in Paisa)                                      

(Updated as on , 06th May, 2016 @ 10.00 am )  

 

    Cash/Spot: 4.00/6.00   Cash/Tom:   3.00/4.50

    Tom/Spot:   1.00/1.50    Spot/Next: 1.00/1.50

 

   Cash Date:  06th May, 2016

  Tom Date:   09th  May, 2016

  Spot Date:   10th May, 2016

 

 

 

MAJOR WORLD CURRENCIES: as on 05th May,2016

USD: The dollar rose against a basket of currencies for a third day on Thursday as traders closed out profitable bets against the greenback before Friday's U.S. payrolls report which may confirm the view the Federal Reserve will not raise interest rates soon. The dollar index, which measures the U.S. dollar's value versus six currencies, fell to its lowest in over 15 months on Tuesday, led by the yen's surge partly on skepticism about whether Japan policy-makers would intervene to slow its rise.

EUR: EUR/USD traded between 1.1384 and 1.1495, before settling at 1.1404 on the session.

GBP: GBP/USD traded in a range between 1.4441 and 1.4529 during the session. The pair subsequently consolidated at 1.4481.

GOLD: Gold traded in a range between $1268.86 and $1286.00 and closed at $1277.66 during the session.

Outlook for the day                     (06th May, 2016)

USDINR is expected to trade in the range of 66.42 and 66.80. Major currencies are expected to be range bound against the Greenback.

 

MAJOR WORLD CURRENCIES:

as on 05th May, 2016

 

CURRENCY

OPEN

HIGH

LOW

CLOSE

EUR/USD

1.1485

1.1495

1.1384

1.1404

GBP/USD

1.4494

1.4529

1.4441

1.4481

AUD/USD

0.7456

0.7513

0.7449

0.7464

USD/JPY

106.99

107.49

106.78

107.24

 

Foreign Currencies

(Updated: 18:30 hrs. on 05th May, 2016)

 

USD/INR: 66.55

Against

USD

INR

1 EUR    =

1.1433

76.09

1 GBP    =

1.4484

96.39

100 JPY  =

0.9346

62.20

1 AUD    =

0.7497

49.89

1 CHF    =

1.0374

69.04

 

Precious Metals

(Updated: 17:30 hrs on 05th May, 2016)

 

Gold ($/oz)

1281.62

Silver ($/oz)

17.4590

 

Stock Indices

(As on  03rd May, 2016)

 

Index Close

04th May

05th May

BSE Sensex

25101.73

25262.21

NSE Nifty

7706.55

7735.50

Dow Jones

17651.26

17660.71

NASDAQ

4725.64

4717.09

 

 

    Major Economic Data Releases for the Day

Date

Region

Time(IST)

Description

06.05.16

USD

06.00 P.M

Average Hourly Earnings

06.05.16

USD

06.00 P.M

Non Farm Employment Change

06.05.16

USD

06.00 P.M

Unemployment Rate

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