The Indian rupee rose against the dollar, tracking broad weakness in the U.S currency ahead of the Federal Reserve’s policy review and interim budget at home later this week. Rupee’s strength is primarily because of the dollar weakness but it could not keep most of the gains as lower local equities put pressure on the unit. Soft oil prices also aided sentiments. In coming days, rupee may see some depreciation as worries over domestic fiscal position and weak local equities can further drag.

1. Evening Wrap Daily Forex Research Report as on 28‐01‐2019
Indian Rupee
 The rupee settled at 71.10 against 71.1750 at the previous close. The
local unit moved in 70.98‐71.1850 per dollar band intra‐day.
 The Indian rupee rose against the dollar, tracking broad weakness in
the U.S currency ahead of the Federal Reserve’s policy review and
interim budget at home later this week. Rupee’s strength is primarily
because of the dollar weakness but it could not keep most of the
gains as lower local equities put pressure on the unit. Soft oil prices
also aided sentiments. In coming days, rupee may see some
depreciation as worries over domestic fiscal position and weak local
equities can further drag.
Global Currency
 The dollar rose slightly against the euro in early trading in Europe
Monday after a dismal survey from the respected German research
institute Ifo. The institute said export expectations in the euro zone's
largest economy slumped in January, less than a week after its
widely‐followed business confidence index for Germany fell to its
lowest in two and a half years.
 The euro edged down on Monday as investors bought the dollar and
prepared for volatile markets ahead of U.S.‐China trade talks and a
Federal Reserve policy decision. Investors are focused on
Wednesday's Fed meeting when policymakers are expected to signal
a pause in their tightening cycle and to acknowledge growing risks to
the U.S. economy.
Global Market
 Oil fell 1 percent on Monday after U.S. companies added rigs for the
first time this year, a signal that crude output may rise further, but
the price is still on course for its strongest gain in the month of
January for 14 years
 Gold jumped sharply on Friday, and has kept its bid today, after news
hit the market that the Fed officials have been discussing ending the
current balance sheet reduction program shortly.

2. Global Markets at one Glance
Markets at 5.00pm In INR % Change
USD/INR 71.11 71.11 0.3
EUR/USD 1.14119 81.17 0.35
GBP/USD 1.31517 93.47 ‐0.11
USD/JPY 109.455 0.65 0.37
SEK/INR 9.0636 7.8457 0.0119
DKK/INR 6.335 11.2250 0.49
AUD/USD 1.3931 51.02 0.12
DXY 95.771 ‐0.02
Commodities Today % Change
GOLD # 1300.23 ‐0.22
SILVER # 15.639 0
BRENT # 60.67 ‐1.57
NYMEX # 52.77 ‐1.71
Today
OPEN 71.0000
HIGH 71.1850
LOW 70.9800
CLOSE 71.1000
Index Today % Change
NIFTY 10661.55 ‐1.1
SENSEX 35656.7 ‐1.02
NIKKEI 20649 ‐0.6
HANG SENG 27576.96 0.03
SHANGHAI 2596.9767 ‐0.18
CAC# 4905.66 ‐0.41
FTSE # 7264.61 0.0042
DAX # 11254.23 ‐0.24
Routeforex Solutions Pvt Ltd.
Disclaimer: http://www.routeforex.com/RF/disclaimer.htmls
Follow us:
www.routeforex.com
5 Minutes INR=IN 4:30 PM 01/23/2019 - 9:30 AM 01/29/2019 (DEL)
Cndl, INR=IN, 5:05 PM 01/28/2019, 71.1000, 71.1000, 71.1000, 71.1000, -0.0750, (-0.11%) Price
INR
70.95
71
71.05
71.1
71.15
71.2
71.25
71.3
71.35
71.1000
08:35 12:35 16:35 12:35 16:35 12:35 16:35
January 24 2019 January 25 2019 January 28 2019
Key Events of the Day
Date Time Currency Event Actual Forecast Previous