WEEKLY MARKET REVIEW 7 LAST

On the global front, the dollar was little changedOn the global front, the dollar was little changedagainst a basket of currencies on Friday, shaki...
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On the global front, the dollar was little changedOn the global front, the dollar was little changedagainst a basket of currencies on Friday, shaking off earlyweakness, after data showed U.S. consumer prices rose lessthan expected in September, pointing to muted inflation thatcould worry Federal Reserve officials.

The dollar index — a measure of the US currencyagainst a basket of six trade-weighted major rivals took a bigknock to end at 92.92 as against 93.62 previously with weeklylosses of 0.8 per cent. It climbed a 11-month high last week.

In cross-currency trade, the Indian currency reactedsharply against the British pound after a brief rebound andended lower at 86.30 from last weekend level of 85.57 perpound and fell back against the Euro to settle at 76.74compared to 76.55 earlier.

The local currency also softened against the JapaneseYen to finish at 57.88 per 100 yens from 57.87 last Friday.

In the forward market, premium for dollar dropped dueto fresh receiving from exporters.

The benchmark six-month forward dollar premium payablefor March slipped to 122-124 paise from 130-132 paise and thefar-forward contract maturing in September 2018 declined to259.50-261.50 paise from 268.50-270.50 last Friday.

In global commodity trade, crude oil prices firmed upon Friday as strong Chinese oil import data and turmoil in theMiddle East boosted a market that is showing signs ofrebalancing after years of oversupply.

The U.S. West Texas Intermediate (WTI) crude ended thesession 85 cents, or 1.7 percent, higher at USD 51.45 perbarrel. It was up about 4 percent on the week and Brent was up94 cents, or 1.7 percent, at USD 57.19. PTI EDMEDM.

This is unedited, unformatted feed from the Press Trust of India wire.

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