November 8, 2012 / 3:12 AM / 5 years ago

MARKET EYE-USD/INR seen rising after 2 days of fall; stocks eyed

* USD/INR is expected to recover after dropping for two
successive sessions on the back of a risk-off mood in regional
markets on worries about the fiscal crisis globally. The pair
closed at 54.2050/2150 on Wednesday.
* Asian shares fell on Thursday as investors worried about the
fiscal crisis in the United States and the European economy's
further deterioration, underpinning safe-haven currencies such
as the yen and dollar. 
* Asian currencies were trading mixed compared to the dollar.
For a snapshot see.
* The euro blipped up in reaction to headlines saying the Greek
parliament had approved the government's new austerity measures,
which were needed to secure the next tranche of bailout money
from international lenders. 
* Traders expect the pair to open around 54.40 and move in a
54.25 to 54.65 band in the first half of trade.
* Stock moves will also be watched. Nifty India stock futures
 traded in Singapore were down 0.8 percent.

0 : 0
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