The rupee is
mostly trading in ranges v/s the US dollar. The key to watch is the voting on
FDI due at 5 PM. At the time of writing the spot USDINR is at 54.50 mark, down
0.34%. Clarity in Indian rupee should come in the evening.
Globally, US
dollar is seen sliding v/s the Euro and GBP while gaining v/s the Japanese Yen.
The US dollar is mixed v/s Asian currencies ex-Japan.
As expected
the EURUSD rose above 1.31 mark and likely to find resistance at 1.3140 and breakout
above may push it till 1.33 mark. The EURGBP is also on the rise and likely to
advance towards 0.8160 levels.
Today’s data
to watch
Time
|
Event
|
For
|
Survey
|
Prior
|
|
14:25
|
GE
|
PMI Services
|
Nov F
|
48
|
48
|
14:30
|
EC
|
PMI Composite
|
Nov F
|
45.8
|
45.8
|
14:30
|
EC
|
PMI Services
|
Nov F
|
45.7
|
45.7
|
15:00
|
UK
|
PMI Services
|
Nov
|
51
|
50.6
|
15:30
|
EC
|
Euro-Zone Retail Sales (YoY)
|
Oct
|
-0.80%
|
-0.80%
|
18:45
|
US
|
ADP Employment Change
|
Nov
|
125K
|
158K
|
20:30
|
US
|
Factory Orders
|
Oct
|
0.00%
|
4.80%
|
20:30
|
US
|
ISM Non-Manf. Composite
|
Nov
|
53.5
|
54.2
|
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