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Morning Currency Comments from Pan Capital Services INR 05 March 15
Monday, 06 April 2015 05:50

Morning Currency Comments from Pan Capital Services INR 05 March 15

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> Govt Actions: Reliance Infrastructure to acquire Pipavav Defence and Offshore Engineering.

>Pan Capital Advisory: Please contact us on +912812580086/7

>INR volatility index (monthly onshore) at 5.88%, little changed as INR started trading in new range.

>Asian Currencies: Asian currencies are depreciating. Depreciation led by MYR at 0.26% to 3.6565.

>OIL: Oil prices little changed to $60.521, U.S. crude production rose 39k b/d last wk to highest level since weekly data series started in 1983, EIA inventory report shows.

>Economic Events: US ADP non farm payroll was as per expectation only it does not affect market. Today we have MPC meeting, ECB meeting and also non farm payroll tomorrow. This data may keep USD strong against peers and INR.

> India lower house approves bill to raise foreign investment in insurance sector to 49% from 26%

> India seeks funding models to fill 2 strategic oil caverns

>Global funds +27.9b rupees of local stocks; domestic funds +169m rupees yday: provisional data from exchanges

 

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