September 11, 2013 / 2:58 AM / 4 years ago

MARKET EYE-USD/INR likely lower; custodial flows expected

* USD/INR likely to ease to 63.75 in early trades
versus 63.84/85 previous close as tensions in Syria de-escalate
further pulling down oil prices.
* Dealer expects custodial inflows to continue with central bank
continuing to remain on watch for volatility. 
* Tips 63.50-64.50 band for session.
* RBI was heavy net sales of dollars on the spot foreign
exchange market in July of $5.98 billion from a June figure of
$2.25 billion, central bank data showed on Tuesday.
 
* The yen eased to a seven-week low versus the dollar on
Wednesday after U.S. President Barack Obama said during a
televised address on Syria that he had deeply held a preference
for peaceful solutions and had seen encouraging signs in the
last few days. 
 

 (subhadip.sircar@thomsonreuters.com/;
subhadip.sircar.thomsonreuters.com@reuters.net)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below