Monday, 06 April 2015 05:47

Morning Currency Comments from Pan Capital Services INR 16 March 15

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> Govt Actions:India to release wholesale-price inflation data for Feb. at about noon today. India to offer 8.93b rupees of govt debt quota to FIIs.

>Pan Capital Advisory: Please call us on +912812580087/6

>INR volatility index (monthly onshore) at 6.34.

>Asian Currencies: Asian currencies are depreciating. Depreciation led by MYR at -0.61% to 3.7080 and appreciation led by THB at 0.07% to 32.904.

>OIL: Oil prices little down to $54.22, as Global crude use is recovering, and prices are steadier as demand matches supply, the senior adviser to Saudi Arabia’s oil minister said.

>Economic Events: On last friday we ot Import Export data for INR, which shows decreasing trend in both export and import around 15%. This led to decrease in trade deficit to $6.8 billion. Today we have our WPI data.

> India tax demand on Cairn Energy as per law: Fin Min Official

> Govt cuts benchmark import price of gold to $375/10 grams

> Global funds +669.8m rupees of local stocks; domestic funds -715.5m rupees on March 13: provisional data from exchanges


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