DATE: Thursday, 27th October, 2016
USD/INR: as on 26th October, 2016
In a restricted trade, the rupee on Wednesday ended almost flat at 66.8350, a marginal 1.50 paisa drop against the American currency, amid month-end dollar demand from importers. The domestic currency opened slightly higher by 2 paise at 66.80 as against Tuesday's closing level of 66.82 per dollar at the Interbank Foreign Exchange (Forex) market and moved in a range of 66.7500 and 66.8450 per dollar before ending at 66.8350, showing a loss of 1.50 paisa.
USD/INR as on 26th October, 2016
Highest till date: 68.85 on 31st August, 2013
Forward premium (%) as on 26th October, 2016
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on ,27th October, 2016 @ 10.00 am )
Cash/Spot: 5.00/7.00 Cash/Tom: 1.00/1.50
Tom/Spot: 3.50/5.50 Spot/Next: 1.00/1.50
Cash Date: 27th October, 2016
Tom Date: 28th October, 2016
Spot Date: 01st November, 2016
MAJOR WORLD CURRENCIES: as on 26th October, 2016
USD: The U.S. dollar fell against a basket of major currencies on Wednesday after touching a nearly nine-month high on Tuesday as the greenback looked vulnerable to weakness on uncertainty surrounding Federal Reserve monetary policy and the U.S. election. The dollar index, which measures the greenback against a basket of six major currencies, was last down 0.23 percent at 98.494 after touching 99.119 on Tuesday, its highest since Feb. 1. The index has risen about 3.2 percent this month, putting it on track for its best month in nearly a year.
EUR: The euro turned positive on Wednesday and gained a handful of pips against the dollar and closed at 1.0907. EUR/USD touched a six-day high of 1.0945 earlier in U.S. trading before retreating to 1.0907. That marked a rebound from a 7-1/2-month low of 1.0848 touched on Tuesday.
GBP: The pound recovered on Wednesday to trade above the 1.22 level as the US dollar retreated from multi month highs amid uncertainty surrounding Federal Reserve monetary policy and the U.S. election. GBP/USD traded in a broad range of 1.2152 and 1.2249 before closing at 1.2246.
GOLD: Gold prices ended moderately lower on Wednesday. A slumping crude oil market this week is weighing on the precious metals. Spot Gold traded in the range between 1264.19 and 1276.51 before closing at 1266.61.
Outlook for the day (27th October, 2016)
USD/INR is expected to trade in a range between 66.80 and 67.10 with a higher bias. Major currencies are expected to trade lower against the Greenback.
MAJOR WORLD CURRENCIES:
as on 26th October, 2016
(Updated: 17:30 hrs. on 26th October, 2016)
1 EUR =
1 GBP =
100 JPY =
1 AUD =
1 CHF =
(Updated: 17:30 hrs on 26th October, 2016)
(As on 26th October, 2016)
Major Economic Data Releases for the Day
Spanish unemployment rate
Core Durable goods order m/m
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