Daily Market Reflection 16th May 2016 USDINR
Market Outlook Rupee depreciated in early trade over increased demand of greenback and weak opening of domestic equity markets on back weak IIP and increased Inflation data (CPI) which were released the previous evening. However, the US dollar's weakness against some currencies overseas capped the losses. The dollar hit a two-week high against a basket of currencies on Friday, posting its best fortnightly performance since February, bolstered by the views of U.S Fed. Another major event of the day was the German economy gained pace at the start of this year. Fundamental News FederalRupee Reserve is 17 stillpaise on track todollar raise inrates tanks against earlybefore trade. any other major central bank.best fortnightly performance since February, bolstered by Dollar hits two-week high on rate hike bets. the view that the U.S. Won leads Asia FX losses on Korea rate cut bets. German Consumer prices in April 2016: –0.1% on April 2015. Gross is Domestic (0.9%)major FederalItaly Reserve still on Product track to(YoY) raiseabove rates expectations before any other in 1Q: Actual (1%). central b
Date
Date
12-05-16
13-05-16
USDINR
66.8100
66.9300
+0.18%
EURINR
76.1825
76.0325
-0.20%
GBPINR
96.7225
96.5600
-0.17%
JPYINR
61.2000
61.4775
+0.45%
% Chg
Currency
Event
Forecast
Previous
4:31am
GBP
Rightmove HPI m/m
-
1.3%
5:20am
JPY
PPI y/y
-
-3.8%
JPY
Prelim Machine Tool Orders y/y German Buba Monthly Report Empire State Manufacturing Index NAHB Housing Market Index
-
-21.2%
-
-
-
9.6
-
58
11:30am Tentative 6:00pm 7:30pm
EUR USD USD
Date Date 12-05-16 13-05-16 66.5977 66.7609 76.0612 75.7202 96.1538 96.1557 61.1600 61.4700
USDINR EURINR GBPINR JPYINR
% Change +0.24% -0.44% +0.01% +0.50%
Currencies vs $ Currency
Close (5:00pm) 66.7663 94.3330 1.1344 1.4411 108.89
Prev Close 66.6250 94.1500 1.1374 1.4438 108.78
% Chg +0.21% +0.19% -0.26% -0.18% +0.10%
Global Commodities
Event Calendar (16th May 2016) Time
Currency
Rupee Dollar Index Euro Pound Japanese Yen
Currency Future Currency
Reference Rate
Commodity Gold Silver Crude Copper
Close 1273.68 17.05 45.96 2.0673
Prev.Close 1269.09 17.03 46.19 2.0708
% Chg +0.36% +0.11% -0.49% -0.16%
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