The Indian rupee rose to a seven-month high against the dollar in early trade, on the back of foreign portfolio and corporate inflows. Exporter sales ahead of fiscal year-end and ongoing foreign portfolio inflows in local equity markets have helped rupee to break its 2019 highs. The 68.80 level is seen as the next resistance for the rupee, which will likely hold on back of intervention by RBI and profit taking on dollar short positions.

1. Morning Brief Daily Forex Research Report as on 15‐Mar‐2019
Indian Rupee
 The Indian rupee little changed at 69.33 pair now at 69.28 against
69.3325 previous close.
 Pair to tip in 68.90‐69.40 range today.
 The Indian rupee rose to a seven‐month high against the dollar in
early trade, on the back of foreign portfolio and corporate inflows.
Exporter sales ahead of fiscal year‐end and ongoing foreign portfolio
inflows in local equity markets have helped rupee to break its 2019
highs. The 68.80 level is seen as the next resistance for the rupee,
which will likely hold on back of intervention by RBI and profit taking
on dollar short positions.
Global Currency
 The U.S. dollar gained on Thursday for the first time in a week, albeit
modestly, as the pound stalled at lower levels ahead of a vote to
extend Britain's March 29 deadline for exiting the European Union.
The dollar index, a gauge of its strength against six other major
currencies, was up 0.22 percent at 96.757 .
 The British pound paused for breath on Friday but stayed on course
for its biggest weekly gain in seven weeks after the UK parliament
voted to seek a delay in Britain's exit from the European Union,
following a decision to avert a no-deal Brexit. The yen was off one-
week lows after the Bank of Japan kept its policy on hold and a report
that North Korea is considering suspending nuclear talks with the US.
Global Markets
 Oil prices were firm on Friday amid production cuts led by OPEC and
as U.S. sanctions against Venezuela and Iran likely created a slight
deficit in global supply in the first quarter of 2019. Despite Friday's
dips, oil has rallied around a quarter since the start of the year.
 Gold prices edged down on Friday after slipping below the key
$1,300 level in the previous session, pressured by improving appetite
for risk as British lawmakers voted to seek a delay to the country's
exit from the European Union.

2. Global Market at one Glance
Markets Today In INR % Change
USD/INR 69.304 69.3125 ‐0.08
EUR/USD 1.13154 78.42 ‐0.01
GBP/USD 1.32386 91.75 ‐0.03
USD/JPY 111.711 0.62 ‐0.12
SEK/INR 9.2962 7.4551 0.0004
DKK/INR 6.1865 11.2025 0.0325
AUD/USD 1.4124 49.06 0.01
TIME USD LIBOR EURO LIBOR
1M 2.48375 ‐0.41486
3M 2.61088 ‐0.33171
6M 2.67638 ‐0.29843
1Y 2.859 ‐0.17686
Index
Today % Change
NIFTY 11417.05 0.65
SENSEX 37998.92 0.65
BANK NIFTY 29341.85 1.45
SGX NIFTY 9347.5 0.33
NIKKEI 21287.02 ‐0.02
HANG SENG 29124.18 0.95
SHANGHAI 3036.76 1.54
ASX200 6175.2 ‐0.07
DOW JONES 25709.94 0.03
S&P500 # 2808.48 ‐0.09
NASDAQ # 7243.014 0
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5 Minutes INR=IN 8:50 AM 03/13/2019 - 10:55 AM 03/15/2019 (DEL)
Cndl, INR=IN, 10:45 AM 03/15/2019, 69.2900, 69.3075, 69.2900, 69.3000, -0.0525, (-0.08%) Price
INR
69.1
69.15
69.2
69.25
69.3
69.35
69.4
69.45
69.5
69.55
69.6
69.65
69.7
69.75
69.3000
10:35 12:35 14:35 16:35 10:35 12:35 14:35 16:35 10:35
March 13 2019 March 14 2019 Mar 15 19
Key Events of the Day
Date Time Currency Event Forecast Previous
15/03/2019 15.30 EUR CPI (YoY) (Feb) 1.5% 1.5%
15/03/2019 19.30 USD JOLTs Job Openings (Jan) 7.310M 7.335M