The Indian rupee closed at its highest level in over two months against the dollar, aided by weaker-than-expected U.S. jobs data and expectations of foreign fund inflows amid a jump in local shares. We are witnessing the carry trade inflows on expectations of ruling party BJP to come to power in the upcoming elections. Lack of uncertainty in the global markets is also aiding the rupee and the dollar may come under pressure if weak U.S. jobs numbers sustain. Traders will focus on the upcoming elections for further cues.

1. Evening Wrap Daily Forex Research Report as on 11‐03‐2019
Indian Rupee
 The rupee settled at 69.88 against 70.1450 at the previous close. The
local unit moved in 69.8250 ‐70.0350 per dollar band intra‐day.
 The Indian rupee closed at its highest level in over two months
against the dollar, aided by weaker‐than‐expected U.S. jobs data and
expectations of foreign fund inflows amid a jump in local shares. We
are witnessing the carry trade inflows on expectations of ruling party
BJP to come to power in the upcoming elections. Lack of uncertainty
in the global markets is also aiding the rupee and the dollar may
come under pressure if weak U.S. jobs numbers sustain. Traders will
focus on the upcoming elections for further cues.
Global Currency
 The U.S. dollar was little changed in early European hours on
Monday, as investors looked ahead to the latest U.S. retail sales
report for further hints on the strength of the economy. The U.S.
dollar index, which measures the greenback’s strength against a
basket of six major currencies, held steady at 97.29 best level since
Dec. 14 last year.
 British pound was down 0.1% to $1.2998 after briefly dipping to a
near three‐week low of $1.2960 on nervousness over Brexit. Sterling
has come under renewed pressure after British foreign minister
Jeremy Hunt said on Sunday Brexit could be reversed if lawmakers
reject the government's exit deal.
Global Market
 Oil prices gained on Monday in Asia following reports that Saudi
Arabia oil minister Khalid al‐Falih said there will be no OPEC+ output
policy change until June. International Brent Oil Futures were up
0.3%, at $65.94 a barrel.
 Gold prices slipped on Monday in Asia after gaining almost 1% in the
previous session as a weak U.S. employment report sent the
greenback lower and clouded the outlook for the global economy.

2. Global Markets at one Glance
Markets at 5.00pm In INR % Change
USD/INR 69.89 69.89 ‐0.17
EUR/USD 1.12434 78.59 ‐0.15
GBP/USD 1.30116 90.91 ‐0.17
USD/JPY 111.199 0.63 ‐0.28
SEK/INR 9.4037 7.4322 0.004
DKK/INR 6.226 11.2250 0.49
AUD/USD 1.4188 49.25 ‐0.2
DXY 97.35 0.05
Commodities Today % Change
GOLD # 1294.7531 ‐0.25
SILVER # 15.272 0
BRENT # 66.16 0.64
NYMEX # 56.42 0.62
Today
OPEN 70.0100
HIGH 70.0350
LOW 69.8250
CLOSE 69.8800
Index Today % Change
NIFTY 11168.05 1.2
SENSEX 37054.1 1.04
NIKKEI 21125.09 0.47
HANG SENG 28503.3 0.97
SHANGHAI 3026.9925 1.92
CAC# 5241.53 0.2
FTSE # 7264.61 0.0042
DAX # 11485.41 0.24
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5 Minutes INR=IN 4:30 PM 03/06/2019 - 9:30 AM 03/12/2019 (DEL)
Cndl, INR=IN, 5:05 PM 03/11/2019, 69.8800, 69.8800, 69.8800, 69.8800, -0.2650, (-0.38%) Price
INR
69.8
69.85
69.9
69.95
70
70.05
70.1
70.15
70.2
70.25
70.3
70.35
69.8800
08:35 12:35 16:35 12:35 16:35 12:35 16:35
March 07 2019 March 08 2019 March 11 2019
Key Events of the Day
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