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Polymer News 15 July 2014


Crude oil prices gain on Monday Naphtha crack in Asia rises to 17-month high 15 Jul 2014 Indian rupee recovers from intraday losses but still weak The Indian rupee recovered from most of its intraday losses on account of dollar selling by exporters as well as the domestic equity markets which are trading in the green. However, some defence-related dollar buying by state-run banks on behalf of the government coupled with weakness in other Asian currencies against the greenback is preventing the rupee from gaining momentum. One-month implied volatility in the rupee, a gauge of expected swings used to price options, rose seven basis points, or 0.07 percentage point, to 7.16 percent, as per data compiled by Bloomberg. At 2:00pm IST, Spot Exchange Rates (Source: Bloomberg) 1 USD = 60.11 1 EUR = 81.86