NRI Newsletter - Market News

NRI Newsletter - Market News

 

 

DATE: Friday, 05th February, 2016

 

 

USD/INR: as on 04th February 2016

Snapping its three-day losing run, the rupee on Wednesday  jumped 52 paise to log its biggest single day gain this year and ended at 67.5450 on fresh selling of dollars by banks and exporters, helped by a recovery in equities. Weakness of dollar in the overseas market also boosted the value of rupee against the dollar.

USD/INR as on 04th February, 2016

Currency

OPEN

HIGH

LOW

CLOSE

USD/INR

67.85

67.88

67.54

67.5450

Highest till date: 68.85 on 31st August, 2013

 

Forward premium (%) as on 04th  February 2016

Periods

1 Mth

3 Mth

6 Mth

12 Mth

Premiums

6.24/6.45

6.57/6.68

6.37/6.43

6.20/6.23









 

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

(Updated as on 05th February, 2016, @ 10.00 am )  

 

    Cash/Spot: 3.90/5.40    Cash/Tom: 3.00/4.00

   Tom/Spot:   0.90/1.40   Spot/Next: 0.90/1.40

 

   Cash Date:   05th February, 2016

  Tom Date:     08th February, 2016

  Spot Date:    09th February, 2016

 

 

 

MAJOR WORLD CURRENCIES: as on 04th February,2016

USD: The dollar extended losses against a basket of the other major currencies Thursday as the greenback remained under pressure amid uncertainty over how much the Federal Reserve will be able to raise interest rates this year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.83% to 96.44, the lowest level since October 23.

EUR: EURO strengthened against the USD on Thursday. EUR/USD traded in the range of 1.1068 and 1.1238 before consolidating at 1.1206.

GBP: GBP/USD traded in the range of 1.4527 and 1.4668 before consolidating at 1.4587 on Thursday.

GOLD: Gold extended its rally on Thursday, building on the previous day's gains to strike a three-month high as global economic and financial headwinds present obstacles to a U.S. interest rate rise in the near term.

Outlook for the day                     (05th February 2016)

USD/INR is expected to trade in the range of 67.50 and 67.80 with higher bias. Other Major currencies are expected to strengthen against the Greenback.  

 

 

MAJOR WORLD CURRENCIES:

as on 04th February, 2016

 

CURRENCY

OPEN

HIGH

LOW

CLOSE

EUR/USD

1.1102

1.1238

1.1068

1.1206

GBP/USD

1.4600

1.4668

1.4527

1.4587

AUD/USD

0.7167

0.7243

0.7150

0.7199

USD/JPY

117.88

118.23

116.50

116.74

 

 

Foreign Currencies

(Updated: 18:30 hrs. on 04th February, 2016)

 

USD/INR: 67.5450

Against

USD

INR

1 EUR    =

1.1208

75.70

1 GBP    =

1.4619

98.74

100 JPY  =

0.8519

57.54

1 AUD    =

0.7212

48.71

1 CHF    =

1.0028

67.73

 

Precious Metals

(Updated: 17:30 hrs on 04th February, 2016)

 

Gold ($/oz)

1145.11

Silver ($/oz)

14.7500

 

Stock Indices

(As on 04th February, 2016)

 

Index Close

03th

February

04th   

February

BSE Sensex

24223.32

24338.43

NSE Nifty

7361.80

7404.00

Dow Jones

16336.66

16416.58

 NASDAQ

4504.24

4509.56

 

 

 

 

 

    Major Economic Data Releases for the Day

Date

Region

Time(IST)

Description

05.02.16

EUR

12:30 P.M

German Factory orders m/m

05.02.16

USD

07:00 P.M

Non Farm Employment Change

05.02.16

USD

07:00 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