Currency market tips (30 - 11 - 2012)

The partially convertible rupee is currently trading at 54.97/98, weaker compared to its Thursday’s close at 54.70. The rupee opened at 54.87 and touched day’s ancient of 55.02 and low of 54.87.
The November currency future was trading at 55.11/12 with a spread of 0.0025 and a amplification of 483,419. The contract opened weaker at 54.98 against its previous closing of 54.91/92. The open interest (OI) stood at 1,449,653 up concerning 3.69% compared to its previous close of 1,397,980.
The rupee had closed at 54.70 on Thursday, while the Reserve Bank of India’s (RBI) pertinent rate stood at 54.95/96.

SINGAPORE: The euro fell against the dollar after German Finance Minister Wolfgang Schaeuble said euro zone finance ministers ended their discussions on the next tranche of loans to Greece without agreement on Wednesday, with plans to meet again juxtaposed Monday.

The euro hit an intraday low after Schaeuble’s comments and was last down 0.4 percent from late U.S. trade on Tuesday at $1.2773. http://www.indiancurrencyfutures.com/

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