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2. HEADLINES
Rupee hits over 1-week low vs dollar
The rupee fell to its lowest in more than a week in late
trade on Friday on suspected heavy dollar buying by a
large state-run bank that several dealers said appeared
to be on behalf of defense-related state-run companies.
At 1044 GMT, the rupee was at 54.58/60 per dollar,
after falling to as much as 54.70, from levels of around
54.35-54.40 before the falls.
Sterling falls vs euro after UK outlook
downgrade
RBI REFERENCE RATE Sterling hit its lowest level in more than a week against
the euro on Friday after Standard & Poor's lowered its
As on 14THDECEMBER 2012
outlook on UK government debt to negative, although
downside was seen as limited as a ratings downgrade
was not imminent.The downgrade puts S&P's outlook
UNDERLYING RATE
on the UK in line with other ratings agencies Fitch and
USDINR 54.3880 Moody's. S&P said it sees a one-in-three chance that
Britain will lose its prized triple-A credit rating.
EURINR 71.2920
GBPINR 87.7822 Swiss franc hits 7-month high vs dollar on Fed
JPYINR 64.8600 buying plan
The Swiss franc pushed higher against the dollar on
Friday adding to four straight sessions of gains and
hitting its highest since early May after the U.S. Federal
Reserve said it would extend its bond buying
programme.
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6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
TUESDAY 3:00 PM GBP CPI y/y 2.6% 2.7%
TUESDAY TENTATIVE GBP BOE Inflation Letter
WEDNESDAY 2:30 PM EUR German Ifo Business Climate 101.9 101.4
WEDNESDAY 3:00pm GBP MPC Meeting Minutes 0-0-9 0-0-9
WEDNESDAY 7:00pm USD Building Permits 0.87M 0.87M
THURSDAY 3:00 PM USD Retail Sales m/m 0.2% -0.8%
THURSDAY 7:00pm USD Unemployment Claims 350K 343K
THURSDAY 8:30pm USD Existing Home Sales 4.85M 4.79M
FRIDAY 3:00pm GBP Public Sector Net Borrowing 14.8B 6.5B
FRIDAY 7:00pm USD Core Durable Goods Orders m/m -0.1% 1.8%
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