The Indian rupee surged to a fresh more-than-seven-month high, as the nation’s trade deficit narrowed sharply and continuous foreign fund inflows into local equity and bond lifted investor sentiment. Rupee has seen significant appreciation on back of foreign portfolio inflows. The appreciation is also helped by dovish Federal reserve and stable global market environment. We believe these are good levels for the importers to enter and exporters can panic less as we might see a reversal in April, if not earlier as we near the elections.

1. Evening Wrap Daily Forex Research Report as on 18‐03‐2019
Indian Rupee
 The rupee settled at 68.5275 against 69.09 at the previous close. The
local unit moved in 68.5275 ‐68.9475 per dollar band intra‐day.
 The Indian rupee surged to a fresh more‐than‐seven‐month high, as
the nation’s trade deficit narrowed sharply and continuous foreign
fund inflows into local equity and bond lifted investor sentiment.
Rupee has seen significant appreciation on back of foreign portfolio
inflows. The appreciation is also helped by dovish Federal reserve
and stable global market environment. We believe these are good
levels for the importers to enter and exporters can panic less as we
might see a reversal in April, if not earlier as we near the elections.
Global Currency
 The dollar licked its wounds on Monday after soft U.S. data
increased bets the Federal Reserve will cut rates later this year while
the pound hovered near nine‐months high on hopes for a delay in
Britain's exit from the European Union. The dollar's index against a
basket of six major currencies edged down 0.1% to 96.481, after
having shed 0.81% last week, the biggest loss since late August.
 The euro hit a two‐week high against the dollar in early trading in
Europe Monday, as the greenback continues to suffer from weak
economic data out of the U.S. on Friday that strengthened
expectations for a Federal Reserve interest rate cut later this year.
The euro was at $1.1349, just off a two‐week high posted earlier.
Global Market
 Gold prices slipped on Monday in Asia ahead of a Federal Reserve
meeting that is expected to shed more light on the outlook for U.S.
interest rate hikes this year. Gold were down 0.3% at $1,298.65
 Oil prices fell on Monday in Asia after recording their best weekly
gains in a month last week. Brent Oil Futures were down 0.2% to
$67.00 on Monday after recording a gain of approximately 2.1% last
week.

2. Global Markets at one Glance
Markets at 5.00pm In INR % Change
USD/INR 68.5375 68.5375 ‐0.58
EUR/USD 1.13549 77.83 ‐0.36
GBP/USD 1.32715 90.92 ‐0.80
USD/JPY 111.497 0.61 ‐0.63
SEK/INR 9.2169 7.4361 ‐0.031
DKK/INR 6.106 11.2250 0.49
AUD/USD 1.4068 48.72 ‐0.43
DXY 96.383 ‐0.22
Commodities Today % Change
GOLD # 1305.3438 0.32
SILVER # 15.253 0
BRENT # 67.18 0.03
NYMEX # 58.43 ‐0.15
Today
OPEN 68.9100
HIGH 68.9475
LOW 68.4450
CLOSE 68.5275
Index Today % Change
NIFTY 11462.2 0.31
SENSEX 38095.07 0.19
NIKKEI 21584.5 0.62
HANG SENG 29409.01 1.37
SHANGHAI 3096.4176 2.47
CAC# 5409.91 0.09
FTSE # 7264.61 0.0042
DAX # 11668.66 ‐0.15
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5 Minutes INR=IN 4:30 PM 03/13/2019 - 9:30 AM 03/19/2019 (DEL)
Cndl, INR=IN, 5:05 PM 03/18/2019, 68.5250, 68.5300, 68.5250, 68.5275, -0.5625, (-0.81%) Price
INR
68.4
68.5
68.6
68.7
68.8
68.9
69
69.1
69.2
69.3
69.4
69.5
69.6
69.7
68.5275
08:35 12:35 16:35 12:35 16:35 12:35 16:35
March 14 2019 March 15 2019 March 18 2019
Key Events of the Day
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