Reuters logo
MARKET EYE-USD/INR seen choppy after rising to 7-month high
October 1, 2014 / 3:18 AM / 3 years ago

MARKET EYE-USD/INR seen choppy after rising to 7-month high

* The USD/INR pair seen choppy after Tuesday's
61.7450/61.7550 close.
* Volatility likely as banks prepare for market holidays.
* The rupee posted its worst month in September vs the dollar,
since the record low levels of August 2013. 
* The dollar rose above 110 yen for the first time since August
2008 on Wednesday. 
* Asian currencies trading weaker versus the dollar. 
* Nifty futures down 0.13 percent. The dollar Index
 up 0.13 percent.
* The pair trading at 61.74/77 in offshore non-deliverable
forwards, indicative of spot trade.

 (Reporting by Mumbai Treasury Team)

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