DATE: Friday, 26th August, 2016
USD/INR: as on 25th August, 2016
The rupee on Thursday regained its strength after a brief dip and ended higher by 6 paise at 67.05 against the greenback on bouts of dollar selling by banks and exporters. The domestic currency opened a tad higher at 67.09 from yesterday's closing value of 67.11 at the Interbank Foreign Exchange (Forex) market. It moved erratically in a range of 67.01 to 67.11 before settling at 67.05, revealing a gain of 6 paise or 0.09 per cent.
USD/INR as on 25th August, 2016
Highest till date: 68.85 on 31st August, 2013
Forward premium (%) as on 25th August, 2016
USD/INR Cash/Tom/Spot Levels: (in Paisa)
(Updated as on , 26th August, 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: 26th August, 2016
Tom Date: 29th August, 2016
Spot Date: 30th August, 2016
MAJOR WORLD CURRENCIES: as on 25th August, 2016
USD: The dollar was little changed against the other major currencies on Thursday, after the release of upbeat U.S. data, as investors were still cautious ahead of Federal Reserve Chair Janet Yellen’s highly-awaited speech on Friday. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 94.69.
EUR: The euro was moderately higher against the U.S. dollar on Thursday, despite the release of downbeat data from Germany, as sentiment on the greenback remained fragile ahead of a speech by Federal Reserve Chair Janet Yellen due on Friday. EUR/USD hit 1.1297 during European morning trade, the session high; the pair subsequently consolidated at 1.1279, up 0.08%.
GBP: The pound was lower against the U.S. dollar on Thursday. GBP/USD traded in a wide range between 1.3164 and 1.3262 during the session. The pair subsequently consolidated at 1.3189, down 0.32 percent on the session.
GOLD: Gold on Thursday held slightly above a four-week low touched in the previous session as the dollar lost some strength ahead of a speech by Federal Reserve Chair Janet Yellen that may yield clues on U.S. interest rate policy.
Outlook for the day (26th August, 2016)
USDINR is expected to trade in a range between 66.90 and 67.10 with lower bias. Major currencies are expected to be higher against the Greenback.
MAJOR WORLD CURRENCIES:
as on 25th August, 2016
(Updated: 18:30 hrs. on 25th August, 2016)
1 EUR =
1 GBP =
100 JPY =
1 AUD =
1 CHF =
(Updated: 17:30 hrs on 25th August, 2016)
(As on 25th August, 2016)
Major Economic Data Releases for the Day
Second Estimate GDP q/q
Prelim Business Investment q/q
Prelim GDP q/q
Fed Chair Yellen Speaks
Revised UoM Consumer Sentiment
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