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2. HEADLINES
IMF's 4.9% GDP projection has a statistical
problem: Montek
Differing with International Monetary Fund's growth
forecast of 4.9 per cent for India during 2012,
Planning Commission Deputy Chairman Montek
Singh Ahluwalia said it has a statistical problem."I
think, it is the result of a bit of statistical problem," he
told reporters on the sidelines of 4th OECD World
Forum in reply to a question on the recent economic
growth projection for India by IMF.Ahluwalia said he
did not think 4.9 per cent projection is reasonable for
TRADING TIPS 2012, as in the first half, Indian economy is estimated
to have grown by 5.5 per cent.
BUY EUR/INR
Rupee rises falls; risk mood better after US
ABOVE 68.92
retail data
For targets of
69.07/69.22 The rupee opens higher at 52.91-52.93 versus its
Stop loss 68.77 previous close of 53.015-53.025, tracking improved
global risk appetite after stronger-than-expected US
PAST retail sales data.
PERFORMANCE RBI REFERENCE RATE
BUY EUR/INR
As on 16 Th October 2012
ABOVE 68.77
For targets of UNDERLYING RATE
68.92 SL 68.62 USDINR 52.8193
Target Achieved
EURINR 68.6125
GBPINR 84.9598
JPYINR 66.9500
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6. FOREX FORTHCOMING DATA
TIME CURRENCY DATA ACTUAL FORECAST PREVIOUS
2:00pm GBP Claimant Count Change -0.2K -15.0K
2:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9
8:00pm USD Crude Oil Inventories 1.4M 1.7M
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