Monday, 06 April 2015 05:54

Morning Currency Comments from Pan Capital Services INR 23 feb 15

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>Pan Capital Advisory: Please call us on +912812580087

>INR volatility index (monthly onshore) at 7.23%, little changed as INR started trading in new range.

>Asian Currencies: Asian currencies are appreciating. Appreciation led by KRW 0.20% to 1110.00.

>OIL: Oil prices increased to $60.34, Analysts feel that it may depreciate further. This will keep all oil upside in check.

>Economic Events: Today we have German IFO which is expected to increase slightly to 107.4 mark. This should not affect market.

> Indian Sovereign Bonds advance with rupee on budget optimism

> FX-reserves +$3b to record $333.2b in week to Feb. 13: RBI

> Global funds -894.1m rupees of local stocks; domestic funds +2.05b rupees on Feb. 20: Provisional data from exchanges


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