2. HEADLINES
Rupee gains; US budget talks, current account
deficit in focus
Rupee rose on Friday to post a 0.6 percent gain for the
week, helped by a strong month of foreign inflows,
although sentiment remained cautious ahead of
domestic current account data and the continuing
negotiations over the U.S. "fiscal cliff." Data due on
Monday may show the country's current account deficit
soared to a record high in the September quarter on
high non-oil imports after narrowing in the June
quarter, which may further raise concerns at a time
RBI REFERENCE RATE when economic growth has slowed
As on 31stDECEMBER 2012
Sterling pinned down to 8-month low vs euro
on UK worries
Sterling fell to an eight-month low against the euro on
UNDERLYING RATE
Friday, weighed down by uncertainty about a UK
USDINR 54.8473 recovery and the boost the single currency has taken
from an easing of some of the euro zone's debt worries.
EURINR 72.6298
The euro rose to 82.25 pence, its highest since mid-
GBPINR 88.3974 April with near term resistance at 82.43, its high struck
JPYINR 63.4600 on April 18.
Yen hits 2-year low on expectations for bold
BOJ easing
The yen fell to its lowest level in more than two years
versus the dollar on Friday, pressured by expectations
that the new Japanese government will push the Bank
of Japan into more aggressive monetary easing.
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6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
WEDNESDAY 3:00 pm GBP Manufacturing PMI 49.2 49.1
WENESDAY 8:30pm USD ISM Manufacturing PMI 50.2 49.5
THURSDAY 3:00pm USD Construction PMI 49.6 49.3
THURSDAY 6:45pm USD ADP Non-Farm Employment 134K 118K
Change
THURSDAY 7:00pm USD Unemployment Claims 356K 350K
FRIDAY 12:30am USD FOMC Meeting Minutes
FRIDAY 3:00pm USD Services PMI 50.4 50.2
FRIDAY 7:00pm USD Non-Farm Employment Change 145K 146K
FRIDAY 7:00pm USD Unemployment Rate 7.7% 7.7%
FRIDAY 8:30pm USD ISM Non-Manufacturing PMI 54.3 54.7
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