Wednesday, 25 March 2015 14:45

Morning Currency Comments from Pan Capital Services INR 19 March 15

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> Govt Actions: Nitin Gadkari, minister of road transport and Suresh Prabhu, railway minister at signing of MoU between IWAI and Dedicated Freight Corridor Corp. of India.

>Pan Capital Advisory: Please get in touch with is on +912812580087/6

>INR volatility index (monthly onshore) at 6.87. It has increased as INR started trading slightly appreciated.

>Asian Currencies: Asian currencies are appreciating. Appreciation led by KRW at 1.44% to 1113.68.

>OIL: Oil prices little down to $55.58, as US oil production is still increasing at predefined rate.

>Economic Events: FOMC statement reiterated that it is patient in increasing interest rates which led to deprecitaiton of USD world wide. Today we have US philly fed manufacturing index and unemployment claims.

> RBI poised to cut CRR before April 7 policy meet: SBI’s Ghosh

> India spectrum bids reach 1.08T rupees on day 13 of auction

>Global funds -4.57b rupees of local stocks; domestic funds -8.83b rupees yday: Provisional data from exchanges.

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