Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12

Warning: strtotime(): It is not safe to rely on the system's timezone settings. You are *required* to use the date.timezone setting or the date_default_timezone_set() function. In case you used any of those methods and you are still getting this warning, you most likely misspelled the timezone identifier. We selected the timezone 'UTC' for now, but please set date.timezone to select your timezone. in /home/pancaps/public_html/index.php on line 12
Will Rupee Open Below 61.50 on 15th JAN?
Thursday, 02 April 2015 17:59

Will Rupee Open Below 61.50 on 15th JAN?

Written by 
Rate this item
(0 votes)

Today Rupee opened at 61.6050, made high 61.65 and low 61.42. Rupee closed below opening level by 9 paisa at 61.51. Today, India Consumer Price Index data of December was read 9.87% prior 11.24% Food prices rose 12.16% last month slowing from 14.72% (previous reading nov13).the Positive data may support Rupee to open below 61.50  on 15th Jan.

But, we have WPI data on 14th Jan which is expected at 6.99% prior 7.52%. Any negative data may harm Rupee upward rally. However, we expect positive WPI data, as good rainfall is expected to bring vegetable prices down. CPI has shown similar trend for the previous month.

Over and above this, we have FOMC member Plosser and Fisher speech, which are important as market wants to know FOMC guidance on tapering program post less than expected NFP. We also have retail sales, core retail sales and import prices which are expected better than previous reading. If come so it may support USD for time being only.

 

Read 19652 times