Monday, 06 April 2015 05:52

Morning Currency Comments from Pan Capital Services INR 02 March 15

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> Govt Actions: India HSBC-Markit Manufacturing PMI for Feb. to be released.

> Pan Capital Advisory: please call us on +912812580086/7

>INR volatility index (monthly onshore) at 6.72%, little changed as INR started trading in new range.

>Asian Currencies: Asian currencies are Depreciation. Depreciation led by MYR at 0.79% to 3.6285.

>OIL: Oil prices little changed to $62.31, slightly up, Iraq sees oil prices near $64-65 in near time. This may not support INR in near term.

>Economic Events: Budget has been moderate one with keeping eye on everyone. This may lead to no appreciation of INR till ordinances passes as law.

> India may consider strategic sale in some state cos.: Jaitley

> Infra. spending is key investment theme in budget: Ambit

>Global funds +6.14b rupees of local stocks; domestic funds -7.41b rupees on Feb. 28: provisional data from exchanges


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