2. HEADLINES
Rupee gains 2.3%, its biggest weekly gain since
July
The rupee rose on Friday for a third straight session,
helped by capital inflows on optimism that the
government will be able to win a vote in parliament
and push through key reforms.India's September
quarter GDP was largely in-line, but the data showed
the economy was on track for its worst year in a
decade, raising hopes of some monetary easing from
the central bankBSE 2.40 % as early as December.
RBI REFERENCE RATE Sterling rises to one-month high versus dollar
Sterling hit a one-month high against the dollar on
As on 30TH November 2012
Friday, tracking gains in the euro with market players
citing demand from an Asian central bankBSE 2.40 %.
The pound rose to $1.6062, its highest level since Nov.
UNDERLYING RATE
2, breaking near-term resistance at $1.6056, its 55-day
USDINR 54.5265 moving average.
EURINR 70.8880
Euro rises to fresh 7-month high versus yen
GBPINR 87.4823 The euro rose to a fresh seven-month high against the
JPYINR 66.1700 yen on Friday, with traders citing month-end demand
to buy euros from Japanese importers. The euro rose to
107.55 yen on EBS trading platform, its highest since
late April.
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6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
MONDAY 3:00 pm GBP Manufacturing PMI 48.1 47.5
MONDAY 8:30pm USD ISM Manufacturing PMI 51.5 51.7
TUESDAY 1:30pm EUR Spanish Unemployment Change 128.2K
WEDNESDAY 6:45pm USD ADP Non-Farm Employment 127K 158K
Change
WEDNESDAY 8:30pm USD ISM Non-Manufacturing PMI 53.8 54.2
THURSDAY 7:00pm EUR ECB Press Conference
THURSDAY 7:00pm USD Unemployment Claims 381K 393K
FRIDAY 3:30pm EUR ECB President Draghi Speaks
FRIDAY 7:00pm USD Unemployment Rate 7.9% 7.9%
FRIDAY 8:25pm USD Prelim UoM Consumer Sentiment 82.1 82.7
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