INR touched 57 but bunced back due to selling by Exporters and some foreign and custodian Bank
Key USA data on Payroll will be announced on Friday which will set the trend of the Market all over the World
Till now USA Economic data is mixed so no trend is emerging wheather QE3 will be tappered or not very soon
INR may break the all time Record low 57.32 which happend in June 2012
RBI may not intervene if INR touched all time low , as it is tracking Global development and not due to internal factor
Off shore non deliverable contract for USD / INR happening at 57.20 for one Month and 57.78 for three Month
RBI has asked Banks not to sell Gold coin and advise customer not to invest in Gold as it is trying hard to reduce Gold Import to India
Euro hit four week high 1.31 & Dollar Index down to 82.39 level . Yen also appreciated back to 98.86
Long term view is that of USD positive as Fed will tapper the QE3 some time in 2013
Brent Crude at USD 103 / Barrel and trend is not clear
Gold prices at USD 1399 , wait for the US data and ECB review Meeting outcome
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