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 Forex News Letter
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Last Updated on 03/02/2012 at 0915 Hrs
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MAJOR CURRENCIES
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SPOT RATES
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Vs INR
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PREVIOUS DAY
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OPEN
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HIGH
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LOW
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CLOSE
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USD/INR
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49.1850
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49.1850
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49.01
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49.25
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48.95
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49.15
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EUR/USD
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1.3130
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64.5799
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1.3183
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1.3196
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1.3120
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1.3141
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GBP/USD
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1.5812
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77.7713
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1.5854
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1.5858
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1.5813
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1.5833
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AUD/USD
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1.0691
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52.5837
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USD/JPY
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76.1900
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0.6456
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USD/CHF
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0.9183
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53.5609
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LIBOR(USD) % Per Annum
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CALL MONEY
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8.99% |
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1 MONTH
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3 MONTH
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6 MONTH
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1 YEAR
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10 Yr. G. SEC |
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| 0.26 |
0.54 |
0.77 |
1.09 |
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(8.79%) |
8.13% |
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COUNTRY
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INDEX
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CHANGE
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BSE SENSEX
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17457.08
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+25.23
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| NIFTY |
5274.8
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+4.90
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DOW JONES **
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12705.41
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-11.05
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NASDAQ **
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2859.68
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+11.41
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NIKKEI
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8854.26
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-22.56
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| HANGSENG |
20684.88
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-54.57
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** Previous day closinng
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RATE/OZ (IN USD)
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GOLD
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1757.3
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SILVER
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34.21
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MARKET VIEW FOR THE DAY
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| CURRENCY PAIR ----> |
USD / INR |
EUR / USD |
GBP / USD |
USD / JPY |
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RANGE ------->
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49.00-49.30
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1.3060-1.3190
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1.5730-1.5890
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75.80-76.50 |
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| COMMENTS / MARKET PULSE |
| *The Indian rupee hit a three-month high on Thursday, encouraged by gains in domestic equities,and after manufacturing data in China and |
| Germany boosted investor appetite in high-yielding emerging market assets. |
| *The Indian rupee rose early on Friday in anticipation of dollar inflows and traders said the gains would be tempered before the U.S.jobs data, |
| which will offer clues on risk sentiment. The U.S.jobs report,due at 1330 GMT,is expected to show the U.S.economy generated 150000 jobs |
| in January,keeping the unemployment rate steady at 8.5 percent. |
| *Major global currencies marked time early in Asia on Friday,as investors retreated to the sidelines ahead of a U.S.jobs report that could |
| reinforce that could reinforce the recent improvement in risk sentiment,or unravel it. Markets were also wary of possible official intervention to |
| weaken the yen and swiss franc,after Japanese and Swiss authorities indicated they were unhappy with their currency's strength. |
| *The euro drifted between 1.3083 and 1.3196 on Thursday,well within Wednesday's range in what is known as an inside trading day. This |
| usually indicates a lack of market conviction,not surprising given the looming U.S.jobs report and no new developments on Greece's debt |
| swap deal (PSI). |
| * USD/INR closing forward premium as on Thursday was at 6.98% for 6 months and at 5.67% for 12 months on annualized basis. |
| Disclaimer::: Markets can be volatile. Any employee / bank is not responsible for any liability arising out of transactions done based on the above mentioned views. Customer is soley responsible for the transactions concluded by him. |
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