Monday, 06 April 2015 05:57

Morning Currency Comments from Pan Capital Services INR

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>Pan Capital Advisory: Please contact us on +91281-2580087

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

>Asian Currencies: Asian currencies are depreciating. Depreciation led by MYR 0.34% to 3.6358.

>OIL: Oil prices increased to $60.52, Analysts feel that it may depreciate further. This will keep all oil upside in chek.

>Economic Events: Today we have EURO group meeting, it will decide fate of Greece crisis. Greece has denied to review its offer.

>India has made tax system less adversarial, says Jaitley

> India’s CCI clears Ajay Singh’s SpiceJet stake plan: CNBC-TV18

> FOMC minutes indicated that FOMC may wait to increase interest rate and may remain patient even economic data may be good.


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