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2. HEADLINES
Euro falls for 4th day versus dollar; yen gains
broadly
The euro fell against the dollar for a fourth straight day
on Friday, hitting a two-week low on concerns about
political uncertainty in Greece and fears it may miss its
austerity targets.
Rupee gains on global risk revival; RBI in
focus
The rupee rose on Friday, ending a holiday-shortened
week with its first weekly gain in three, as a revival in
RBI REFERENCE RATE global demand for risk prompted foreign banks to sell
the greenback, but dollar demand from oil refiners
As on 25th October 2012
limited bigger gains
RBI buys dollar at 52
UNDERLYING RATE
USDINR 53.6300 The RBI's weekly data today seemed to confirm what
the markets have long suspected. The RBI bought
EURINR 69.7455
dollars when they became as cheap at 52.In data that
GBPINR 86.1780 came out today the RBI said its total FX reserves have
JPYINR 66.9100 gone up by USD 351 million. Strictly speaking, dollar
assets can go up due to currency revaluation as well.
That is when dollar falls vis-à-vis the euro and yen, the
dollar value of India FX assets look higher
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6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
TUESDAY 1.30 PM EUR ECB President Draghi Speaks
TUESDAY 7.30 PM USD CB Consumer Confidence
THURSDAY 6.00 PM USD Unemployment Claims 371K 369K
THURSDAY 7.30 PM USD ISM Manufacturing PMI 51.2 51.5
FRIDAY 6.00 PM USD Non-Farm Employment Change 120K 114K
FRIDAY 6.00 PM USD Unemployment Rate 7.9% 7.8%
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