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Tuesday, March 4, 2014

Fundamental for 5th March

Indian HSBC Services PMI
The Indian HSBC Services PMI is compiled by questionnaires sent to purchasing executives in around 350 private service sector companies. The panel has been carefully selected to accurately replicate the true structure of the services economy. Index and the Services Business Activity Index, and is based on original survey data collected from a representative panel of over 800 companies based in the Indian manufacturing and service sectors. 
A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.
Date                 5th March
Time                 10:30 AM
Importance       1 Star
Currency           INR
Actual               48.8
Forecast        
Previous            48.3

Indian M3 Money Supply
Monetary aggregates, known also as "money supply", is the quantity of currency available within the economy to purchase goods and services. M3 is a broad monetary aggregate that includes all physical currency circulating in the economy (banknotes and coins), operational deposits in central bank, money in current accounts, saving accounts, money market deposits, certificates of deposit, all other deposits and repurchase agreements. 
A higher than expected reading should be taken as positive/bullish for the INR , while a lower than expected reading should be taken as negative/bearish for the INR.
Date                 5th March
Time                 02:00 PM
Importance       1 Star
Currency           INR
Actual          
Forecast        
Previous            14.3

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