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2. HEADLINES
Rupee, stocks plunge on concerns of fiscal
slippage
The rupee and the shares were pummeled on Friday as
investors grew sceptical about the government's ability
to deliver on the fiscal promise and the conflict in the
Middle East escalated, which could push up oil prices,
India's Achilles heel.
Forex reserves plunge by $781.5 million: RBI
The foreign exchange reserves continued to dip for the
second straight week, falling by USD 781.5 million to
RBI REFERENCE RATE USD 293.56 billion due to a decline in the core
currency assets.Foreign currency assets, a major
As on 16TH November 2012
component of the forex reserves, were down by USD
751.8 million to USD 258.71 billion for the week ended
November 9, the Reserve Bank's said in its weekly
UNDERLYING RATE
statistical supplement today.
USDINR 54.9915
Dollar index rises to two-month high
EURINR 70.2230
The dollar index rose to its highest in two months on
GBPINR 87.2110 Friday, buoyed by safe-haven inflows into the U.S.
JPYINR 67.8800 currency amid worries about fiscal woes in the United
States and the euro zone debt crisis.The index was up
0.2 percent to hit a high of 81.261, its highest level since
Sept. 6.
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6. FOREX FORTHCOMING EVENTS
DAY TIME CURRENCY DETAILS ACTUAL FORECAST PREVIOUS
MONDAY 8.30 PM USD Existing Home Sales 4.76M 4.75M
TUESDAY 5.00 PM EUR Eurogroup Meetings
TUESDAY 7.00 PM USD Building Permits 0.87M 0.89M
WEDNESDAY 3.00 PM GBP Public Sector Net Borrowing 4.1B 10.7B
WEDNESDAY 7.00 PM USD Unemployment Claims 397K 439K
THURSDAY 1.30 PM EUR French Flash Manufacturing PMI 44.1 43.7
THURSDAY 2.00 PM EUR German Flash Manufacturing PMI 45.9 46.0
THURSDAY Tentative EUR Spanish 10-y Bond Auction 5.46|1.9
FRIDAY 2:30pm EUR German Ifo Business Climate 99.6 100.0
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