2. HEADLINES
India's forex reserves jump $1 billion to $
293.37 billion
The country's foreign exchange reserves rose for the
second consecutive week, going up by $ 1.05 billion to $
293.37 billion on a rise in the core currency assets, the
Reserve Bank said today.The total reserves had risen by
nearly $ 2 billion to $ 292.3 billion in the previous
reporting week. Foreign currency assets, a major
component of the forex reserves, were up by $ 1.06
billion to $ 260.41 billion for the week ended March 22,
the Reserve Bank said.
RBI REFERENCE RATE
Yuan closes higher but pulls back from record
As on 28TH MARCH 2013
on PBOC stability push
China's yuan on Friday equaled a record high set two
days earlier, but closed the week only slightly higher as
UNDERLYING RATE
the central bank appeared intent on holding the
USDINR 54.3893 currency steady. Spot yuan opened at a record-high
6.2195 per dollar, but closed at 6.2108, 0.03 per cent
EURINR 69.5438
stronger for the week. Traders reported signs that the
GBPINR 82.3209 central bank was intervening to hold the exchange rate
JPYINR 57.7600 above the psychologically significant 6.21 resistance
level.The yen strengthened in morning Asian trade on
Friday after Japan's parliament approved a new
management team for the country's central bank, which
is expected to launch aggressive easing measures.
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6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
MONDAY 7:30pm USD ISM Manufacturing PMI 54.2 54.2
TUESDAY 2:00pm GBP Manufacturing PMI 48.9 47.9
WEDNEDAY 5:45pm USD ADP Non-Farm Employment 203K 198K
Change
WEDNEDAY 7:30pm USD ISM Non-Manufacturing PMI 55.9 56.0
THURSDAY 6:00pm USD Unemployment Claims 354K 357K
THURSDAY 8:00pm USD Fed Chairman Bernanke Speaks
FRIDAY 6:00pm USD Non-Farm Employment Change 201K 236K
FRIDAY 6:00pm USD Trade Balance -44.6B -44.4B
FRIDAY 6:00pm USD Unemployment Rate 7.7% 7.7%
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