Today, the INR is seen trading positive before the GDP data due
tomorrow. The USDINR pair has dropped to 55.37 at the time of writing. It rose
as high as 55.88 on 26th November. Gains in Asian currencies along
with firm local stock indices have been pushing the USDINR to retrace back. The
GDP data to be released tomorrow is expected to come with a reading of 5.3% and
it is already discounted in the market. Today,
we may see moderate appreciation of the Rupee towards 55.00 levels at interbank
dealing.
Major data releases today
|
Time ( IST)
|
Country
|
Event
|
For
|
Survey
|
Prior
|
|
2:25:00
|
GE
|
Unemployment Rate
(s.a)
|
Nov
|
6.90%
|
6.90%
|
|
15:30
|
EC
|
Euro-Zone Indust.
Confidence
|
Nov
|
-17.1
|
-18
|
|
15:30
|
EC
|
Euro-Zone Economic
Confidence
|
Nov
|
84.5
|
84.5
|
|
15:30
|
EC
|
Euro-Zone Consumer
Confidence
|
Nov F
|
-26.9
|
-26.9
|
|
19:00
|
US
|
GDP QoQ
(Annualized)
|
3Q S
|
2.80%
|
2.00%
|
|
19:00
|
US
|
Personal
Consumption
|
3Q S
|
1.90%
|
2.00%
|
|
19:00
|
US
|
GDP Price Index
|
3Q S
|
2.80%
|
2.80%
|
|
19:00
|
US
|
Core PCE QoQ
|
3Q S
|
1.30%
|
1.30%
|
|
19:00
|
US
|
Initial Jobless
Claims
|
24-Nov
|
390K
|
410K
|
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