MARKET EYE-USD/INR likely lower; INR sentiment remains bearish

Fri Apr 5, 2013 8:42am IST

* USD/INR likely to open marginally lower around 54.80
vs 54.87/88 last close, tracking euro recovery versus global
dollar, says the chief dealer with a private bank.
* However, sentiment remains bearish for INR with 55 likely to
be breached in the near term, he adds.
* The Nifty India stock futures traded in Singapore down
0.47 percent, while the MSCI's Asia ex-Japan index
 1.1 percent lower. 
* Ringgit, baht up; won, Philippine peso dip. For a snapshot,
see.
* The yen slumped to a 3-1/2-year low versus the dollar on
Friday, after suffering its biggest fall since late 2008 on
Thursday, when the Bank of Japan surprised markets with a
radical campaign of monetary expansion to attack 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 SHOWCASE

Asian Markets

Asian Markets

Asian stocks flat after China PMI meets expectations  Full Article 

Chinese Economy

Chinese Economy

Factory activity shrinks for 4th month; pace of decline slows   Full Article 

International Gold

International Gold

Gold hovers near 2-1/2 month lows on firm equities, fund outflows  Full Article 

GM Lawsuit

GM Lawsuit

GM seeks U.S. court protection against ignition lawsuits  Full Article 

Reuters India Mobile

Reuters India Mobile

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