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Dawn of JUNE 16th 09

INR@ 47.86 weak on $ strength and stock sell off  , SGX 100 pt down , Exit the 10Y enter the 5Y ,  US manufacturing disappoints , Stocks crumble , $ zooms , commodities retreat – See- Saw IPO season – Coal India and Yes Bank plan IPOs.   INR INR looks set to drop to 3-week lows on Tuesday with falls in Asian markets expected to weigh though the $’s weakness against some currencies such as the yen may...

Dawn of 15th June 2009

INR@ 47.82 , on $ strength , SGX Nifty down , 4 Auctions up 25% 14 weeks rise in SENSEX , IIP 1.4% better than expected, Advance tax 400 billion. $ Zooms on weak Euro zone IIP , Dow in +ver territory. SEBI promoters share holding on scanner , Pfizer to buy Wokhardt , Suzlon sell asset to park loan , GMR QIB runs in pricing trouble.   INR INR @ 47.74 & is expected to edge lower on Monday following the $’s...

Dawn of June 12th 09

INR@ 47.48 rise on $ weakness , Inflation historical low 0.13% , IIP data eyed , Gilts may rally on US IR fall, Stocks Profit booking or rise US labor retail better than expectation , China retail and Manu. Good US 30Y Auction sails through yields fall , $ falls on good data as safe haven dilutes. Interest Rate futures back , LIC & SBI to exit UTI   INR INR @ 47.48 &is expected to inch up on Friday,...

Dawn of 11th June 09

INR@ 47.35 , looks to stocks, Bond supply woes will liquidity offset, Stocks rise to 8M High, SGX Nifty flat, Credit offtake slow. US 10Y tops 4%, Russia says IMF bonds over US Treasury, Oil zooms, Cu 8M High. Service Tax back 12%, Citi Reduces NBFC asset book by 66.33% Kingfisher on debt spree.   RUPEE INR @ 47.35 , it had strengthened on Wednesday as the 3M rally in local shares extended gains to more than 90 %...

Dawn of 9th June 09

RUPEE   INR @ 47.65 &  is expected to hold near 2W lows  on Tuesday, tracking losses in regional stock markets that could trigger FII withdrawals from domestic shares.  Most Asian currencies were lower versus the $, and the dollex , was up 0.1 %. INR ended at 47.555/565  off an intraday low of 47.75   BONDS    Yields should rise for a third session on Tuesday, weighed by higher auction this week and...

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