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)
  • Most Popular
  • Most Shared

DEFENCE

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

 Hindu "Modi-fication"

Hindu "Modi-fication"

Fears grow about Hindu "Modi-fication" of education  Full Article 

Weak Credit

Weak Credit

Hard to hit tax revenue target, credit weak - Jaitley  Full Article 

China Rate Cut

China Rate Cut

China surprises with interest rate cut to spur growth  Full Article 

Gold Imports

Gold Imports

RBI cautious on response to gold import surge  Full Article 

Economic Corridor

Economic Corridor

China commits $45.6 billion for economic corridor with Pakistan  Full Article 

Overseas Funds

Overseas Funds

RBI says overseas borrowed funds can be parked with banks in India  Full Article 

Reuters India Mobile

Reuters India Mobile

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