MARKET EYE-USD/INR likely to extend gains; stock cues negative

Thu Apr 4, 2013 8:29am IST

* USD/INR likely to extend gains for a second session
tracking regional stock losses. The pair may open around
54.46/50 levels versus 54.43/44 close on Wednesday, according to
a dealer with a foreign bank, who expects 54.35 support for now.
* The pair likely to track global developments with Bank of
Japan, ECB outcomes awaited.
* The Nifty India stock futures traded in Singapore down
0.5 percent, while the MSCI's Asia ex-Japan index
 0.56 percent lower. 
* Won, Philippine peso, baht weaker; ringgit edges up. For a
snapshot, see.
* The yen held near one-month highs against the dollar early in
Asia on Thursday, with investors adopting a cautious stance as
they waited to see just how aggressive the Bank of Japan will be
in tackling deflation. 

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS EXCLUSIVE

REUTERS SHOWCASE

Modi In U.S.

Modi In U.S.

Obama, Modi work to deepen improving U.S.-India ties  Full Article | Full Coverage 

Factory Activity

Factory Activity

Factories expand at slowest pace this year in September  Full Article 

Monetary Policy

Monetary Policy

RBI not biased towards either raising or cutting rates - Rajan  Full Article 

Asia & Europe

Asia & Europe

Weak demand hits factory activity across Asia, Europe  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage