Reuters logo
MARKET EYE-USD/INR likely lower on euro gains
December 31, 2013 / 2:52 AM / 4 years ago

MARKET EYE-USD/INR likely lower on euro gains

* USD/INR likely to open lower around 61.80 on the back
of euro gains. The pair closed at 61.91/92 on Monday.
* Nifty futures traded in Singapore gain 0.42 percent,
while the MSCI index of Asian shares ex-Japan 
rises 0.24 percent.
* The spot NDF in the Singapore market trading at
61.77/79.
* The dollar hovered within sight of a five-year high versus the
yen on Tuesday and was on track for its biggest yearly
percentage gain versus the Japanese currency in 34 years, having
risen nearly 21 percent in 2013. 
* Dealers expect the pair to find support on month-end importer
demand, but those would be good levels to sell.
* INR on course to end 2013 as Asia's third worst performer,
down over 11 percent.

 (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