Sunday, 5 November 2017

Data - 05.11.17

Statistics as on 05.11.2017
Description Currency Values
USD vs INR         64.55
Euro vs INR         74.95
Euro vs USD         1.161
Gold / 10 gram  INR      29,083
Sensex      33,685
Oil USD         55.82


Dollar staged a smart recovery and ended at a six week high, mainly due to rally in stock markets and unwinding of positions of exporters.  Further contributions seems to have come from RBI where foreign exchange reserves fell by $ 1.560 billion during the last 2 weeks (Current reserve is $ 398.761 billion), the drop in reserve seems to have stemmed from the fact that RBI has intervened in the currency market and sold Dollars.  Dollar is forecasted to be at 64.50 at end of 2017.  Euro is forecasted to be at 74.40 at end of 2017.





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