The Indian Rupee depreciated further today against the dollar and is trading at 57.05, down 21 paise – just short of the low of 57.32 seen in June last year. Precious Metals declined marginally since morning after sharp rallies seen last evening; US Gold futures are trading at 1411.0, down 4.80 and Silver is at 22.60, down 0.10 today. Prices in the domestic market are marginally in green with Gold at 27944.0 and Silver at 44555.0. The bias is negative for the day. Base Metals traded in London are trading positive today – three month Copper is trading at 7347.0, +17.0 or 0.23% and Nickel is at 15155.0, up 105.0 or 0.70%. The intraday bias is negative. WTI Crude Oil traded on NYMEX is higher by 28 cents to trade at 95.06 a barrel whereas Natural Gas is trading unchanged at 3.829 per mmbtu. The intraday bias is neutral for oil prices.
Key Economic Releases: Non Farm Payrolls and Unemployment Rate
No comments:
Post a Comment