Wednesday, 25 March 2015 14:34

Morning Currency Comments from Pan Capital Services INR 25 March 15

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> Govt Actions: Govt may take decision on land acquisition bill today.

>Pan Capital Advisory: Please call us on +2812580087/6

>Asian Currencies: Asian currencies are MIX. Depreciation led by KRW at 0.16% to 1105.80. Depreciation is led by THB to 0.20% positive at 32.56.

>OIL: Oil prices slightly down to $47.37, as may fall further if Iran nuclear deal reached which may add to decrese in usage of oil.

>Economic Events: Today we have German IFO business climate in EURO region and in US we have core durable sales which may not affect markets significantly.

> Recent rains and hailstorm in different parts of the country had damaged Rabi crops in about 181 lakh hectares of land across 13 states during February 28-March 16.

> Prices of vegetables and pulses are spiralling upwards relentlessly, despite a bountiful winter crop.

>Global funds +737 crore rupees of local stocks; domestic funds -631 crore rupees yday: Provisional data from exchanges.

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