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2. HEADLINES
India's forex kitty stays almost flat at $ 289.17
billion:
India's foreign exchange reserves rose by $ 17.8 million
to $ 289.17 billion for the week ended August 10, the
Reserve Bank said today. Foreign currency assets
(FCAs), a major component of the forex reserves, were
down by $ 34.1 million to $ 256.92 billion for the week
under review, the RBI said.
Euro slumps broadly, dollar hits 5-week high
vs yen:
The euro fell against the Japanese yen after earlier
RBI REFERENCE RATE hitting a six-week high on Friday as investors curbed
As on 17th August 2012 their recent enthusiasm for the single currency ahead of
upcoming events that could test their appetite for risk.
The euro last traded at 97.94 yen, down 0.1 per cent,
after hitting a global session high of 98.40, its highest
UNDERLYING RATE
since early July. Against the dollar the euro was down
USDINR 55.7023
0.3 per cent at $1.2314.
EURINR 68.8510 Rupee rises on lower current account deficit
forecast:
GBPINR 87.5473
JPYINR 70.1800 The partially convertible rupee closed at 55.73/74 per
dollar as per the SBI closing rate versus its previous
close of 55.75/76.
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6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
WED 7.30 P.M USD Existing Home Sales 4.52M 4.37M
THU 6.00 P.M USD Unemployment Claims 365K 366K
THU 7.30 P.M USD New Home Sales 362K 350K
FRI 6.00 P.M USD Core Durable Goods Orders m/m 0.5% -1.4%
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