NRI Newsletter - Market News

NRI Newsletter - Market News

 

 

DATE: Monday, 30th May, 2016

 

 

USD/INR: as on 27th May, 2016

The domestic currency traded between 66.9450 and 67.13 before settling at 67.0325 on Friday.

 

 

USD/INR as on 27th May, 2016

Currency

OPEN

HIGH

LOW

CLOSE

USD/INR

67.02

67.13

66.9450

67.0325

Highest till date: 68.85 on 31st August, 2013

 

Forward premium (%) as on 27th May, 2016

Periods

1 Mth

3 Mth

6 Mth

12 Mth

Premiums

6.29/6.48

6.33/6.42

6.26/6.30

6.03/6.05









 

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

(Updated as on , 30th May, 2016 @ 10.00 am )  

 

    Cash/Spot: -----/-----   Cash/Tom:   -----/-----

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

 

   Cash Date:  30th May, 2016

  Tom Date:   31st   May, 2016

  Spot Date:  01st  June, 2016

 

 

 

MAJOR WORLD CURRENCIES: as on 27th May,2016

USD: The dollar remained mostly higher against the other major currencies on Friday.

EUR: EUR/USD traded between 1.1106 and 1.1200, before settling at 1.1114 on the session.

GBP: GBP/USD traded in a range between 1.4600 and 1.4688 during the session. The pair subsequently consolidated at 1.4620.

GOLD: Gold traded in a range between $1206.45 and $1223.45 and closed at $1212.15 during the session.

Outlook for the day                     (30th May, 2016)

USDINR is expected to trade in the range of 67.20 and 67.40 with higher bias. Major currencies are expected to be lower against the Greenback.

 

MAJOR WORLD CURRENCIES:

as on 27th May, 2016

 

CURRENCY

OPEN

HIGH

LOW

CLOSE

EUR/USD

1.1192

1.1200

1.1106

1.1114

GBP/USD

1.4666

1.4688

1.4600

1.4620

AUD/USD

0.7225

0.7235

0.7167

0.7179

USD/JPY

109.75

110.45

109.45

110.22

 

Foreign Currencies

(Updated: 18:30 hrs. on 27th May, 2016)

 

USD/INR: 67.0375

Against

USD

INR

1 EUR    =

1.1147

74.73

1 GBP    =

1.4641

98.15

100 JPY  =

0.9107

61.05

1 AUD    =

0.7196

48.24

1 CHF    =

1.0082

67.59

 

Precious Metals

(Updated: 17:30 hrs on 27th May, 2016)

 

Gold ($/oz)

1220.05

Silver ($/oz)

16.2850

 

Stock Indices

(As on  27th May, 2016)

 

Index Close

26th May

27th May

BSE Sensex

26653.60

26366.68

NSE Nifty

8156.65

8069.65

Dow Jones

17873.22

17828.29

NASDAQ

4933.50

4901.77

 

 

    Major Economic Data Releases for the Day

Date

Region

Time(IST)

Description

30.05.16

EUR

All Day

German Prelim CPI m/m

30.05.16

EUR

12.30 P.M

Spanish Flash CPI y/y

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