2. HEADLINES
India's Forex reserves down by $471.3 million
The foreign exchange reserves of the country fell by
$471.3 million to $294.51 billion for the week ending
November 30 due to slide in gold reserves and core
currency assets, the Reserve Bank said today. The
overall reserves had increased by $1.45 billion to
$294.98 billion in the previous reporting week
Rupee falls on euro weakness; fate of future
reforms key
The Indian rupee fell on Friday, snapping three
sessions of gains, dragged by the euro's weakness, but
RBI REFERENCE RATE dealers said that the local currency may gain if the
government can push through more reforms in
As on 7THDECEMBER 2012
parliament next week.The government expectedly won
the vote on foreign investment in retail in the upper
house of parliament on Friday. Bolstered by the win,
UNDERLYING RATE
the government said it will bring more financial sector
USDINR 54.20180 reform bills next week in parliament.
Rupee washes out initial gains against dollar,
EURINR 70.21750
down 6 paise
GBPINR 86.99930 The rupee failed to maintain initial gains against the
JPYINR 65.77000 dollar in late morning deals today and was quoted
lower by 6 paise to 54.20 on fresh demand of the
American currency from banks and importers amid its
higher value overseas.
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6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
MONDAY 10:45pm GBP BOE Gov King Speaks
TUESDAY 3:30pm EUR German ZEW Economic -11.4 -15.7
Sentiment
TUESDAY 7:00pm USD Trade Balance -42.4B -41.5B
WEDNESDAY 3:00pm GBP Claimant Count Change 5.1K 10.1K
WEDNESDAY 11:00pm USD FOMC Statement
THURSDAY 12:30am USD FOMC Economic Projections
THURSDAY 7:00pm USD Retail Sales m/m 0.4% 0.3%
THURSDAY 3:30pm EUR Unemployment Claims 370K 370K
FRIDAY 2:00pm EUR German Flash Manufacturing PMI 46.8
FRIDAY 7:00pm USD Core CPI m/m 0.2% 0.2%
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