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Morning Brief  Daily Forex Research Report as on 21‐Feb‐2019 
 
 
 
 
 
Indian Rupee 
 The Indian rupee little changed at 71.0750 pair now at 71.02 against 
71.11 previous close. 
 Pair to tip in 71.85‐71.15 range today. 
 The Indian rupee rose to a one‐week high against the dollar in early 
trade, on likely dollar inflows that outweighed rally in crude oil prices 
and dollar strength following minutes of the Federal Reserve’s latest 
meeting. Dollar inflows related to an external commercial borrowing 
deal lifted the rupee in early trade in an unexpected move. With the 
rally in crude prices continuing and mixed cues from Fed minutes on 
further rate hikes, further gains in the local unit will be limited. 
 
 
 
 
 
Global Currency 
 The  dollar  inched  up  on  Thursday  after  minutes  from  the  Federal 
Reserve's last meeting revived expectations for a possible U.S. rate 
hike this year while investors shifted their focus back to trade issues 
for fresh directional cues. The greenback had edged up against the 
yen and trimmed losses versus the euro late on Wednesday after the 
Fed,  in  the  minutes  of  its  latest  meeting  in  January,  said  the  U.S. 
economy  and  its  labour  market  remained  strong,  prompting  some 
expectations of at least one more interest rate hike this year. 
 The pound dipped 0.1 percent to $1.3039 GBP=D3 after pulling back 
from a near three‐week high of $1.3109 touched the previous day. 
Sterling  took  a  knock  after  three  lawmakers  defected  from  British 
Prime  Minister  Theresa  May's  ruling  Conservative  party  in  a  move 
that could undermine her Brexit strategy. 
 
 
 
Global Markets  
 Oil  prices  hovered  close  to  2019  highs  on  Thursday,  bolstered  by 
OPEC‐led supply cuts and U.S. sanctions on Venezuela and Iran, but 
were prevented from rising further by slowing growth in the global 
economy. 
 Gold  prices turned  negative  Wednesday, but remained near multi‐
month highs as the dollar pared losses despite the Federal Reserve 
signaling it was preparing to stop trimming its balance sheet later. 
Global Markets at one Glance 
 
Markets Today  In INR  % Change 
USD/INR  71.0725  71.0825  0.04 
EUR/USD  1.13431  80.61  0 
GBP/USD  1.3039  92.66  ‐0.04 
USD/JPY  110.785  0.64  0.13 
SEK/INR  9.3091  7.6347  0.0079 
DKK/INR  6.3443  11.2025  0.0325 
AUD/USD  1.4059     ‐0.04 
 
TIME  USD LIBOR  EURO LIBOR 
1M  2.48225  ‐0.40871 
3M  2.64125  ‐0.34557 
6M  2.73575  ‐0.29086 
1Y  2.89113  ‐0.16771  
 
Index
Today  % Change 
NIFTY 10745.05  0.09 
SENSEX 35792.39  0.1 
BANK NIFTY 27008.4  0.2 
SGX NIFTY 9347.5  0.33 
NIKKEI 21431.49  0.60 
HANG SENG 28725.99  0.74 
SHANGHAI 2786.0665  0.9 
ASX200 6139.2  0.7 
DOW JONES  25954.44  0.24 
S&P500 # 2784.7  0.18 
NASDAQ # 7062.339  0 
 
 
                                         Routeforex Solutions Pvt Ltd.  
Disclaimer: http://www.routeforex.com/RF/disclaimer.html 
Follow us:  
www.routeforex.com 
5 Minutes INR=IN 8:55 AM 02/18/2019 - 1:00 PM 02/21/2019 (DEL)
Cndl, INR=IN, 11:15 AM 02/21/2019, 71.0800, 71.0800, 71.0800, 71.0800, -0.0300, (-0.04%) Price
INR
70.9
70.95
71
71.05
71.1
71.15
71.2
71.25
71.3
71.35
71.4
71.45
71.5
71.0800
10:35 12:35 14:35 16:35 10:35 12:35 14:35 16:35 10:35 12:35
February 18 2019 February 20 2019 February 21 2019
      Key Events of the Day     
Date  Time  Currency  Event Forecast Previous
21‐Feb‐19  14.00  EUR  German Manufacturing PMI (Feb)  50.0  49.7 
21‐Feb‐19  19.00  USD  Core Durable Goods Orders (MoM) (Dec)  0.2% ‐0.4%
21‐Feb‐19  19.00  USD  Philadelphia Fed Manufacturing Index (Feb)  15.6  17.0 
21‐Feb‐19  20.30  USD  Existing Home Sales (Jan)  5.01M  4.99M 
           

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India rupee jumps on likely inflows oil fed minutes cap gains

  • 1. Morning Brief  Daily Forex Research Report as on 21‐Feb‐2019            Indian Rupee   The Indian rupee little changed at 71.0750 pair now at 71.02 against  71.11 previous close.   Pair to tip in 71.85‐71.15 range today.   The Indian rupee rose to a one‐week high against the dollar in early  trade, on likely dollar inflows that outweighed rally in crude oil prices  and dollar strength following minutes of the Federal Reserve’s latest  meeting. Dollar inflows related to an external commercial borrowing  deal lifted the rupee in early trade in an unexpected move. With the  rally in crude prices continuing and mixed cues from Fed minutes on  further rate hikes, further gains in the local unit will be limited.            Global Currency   The  dollar  inched  up  on  Thursday  after  minutes  from  the  Federal  Reserve's last meeting revived expectations for a possible U.S. rate  hike this year while investors shifted their focus back to trade issues  for fresh directional cues. The greenback had edged up against the  yen and trimmed losses versus the euro late on Wednesday after the  Fed,  in  the  minutes  of  its  latest  meeting  in  January,  said  the  U.S.  economy  and  its  labour  market  remained  strong,  prompting  some  expectations of at least one more interest rate hike this year.   The pound dipped 0.1 percent to $1.3039 GBP=D3 after pulling back  from a near three‐week high of $1.3109 touched the previous day.  Sterling  took  a  knock  after  three  lawmakers  defected  from  British  Prime  Minister  Theresa  May's  ruling  Conservative  party  in  a  move  that could undermine her Brexit strategy.        Global Markets    Oil  prices  hovered  close  to  2019  highs  on  Thursday,  bolstered  by  OPEC‐led supply cuts and U.S. sanctions on Venezuela and Iran, but  were prevented from rising further by slowing growth in the global  economy.   Gold  prices turned  negative  Wednesday, but remained near multi‐ month highs as the dollar pared losses despite the Federal Reserve  signaling it was preparing to stop trimming its balance sheet later. 
  • 2. Global Markets at one Glance    Markets Today  In INR  % Change  USD/INR  71.0725  71.0825  0.04  EUR/USD  1.13431  80.61  0  GBP/USD  1.3039  92.66  ‐0.04  USD/JPY  110.785  0.64  0.13  SEK/INR  9.3091  7.6347  0.0079  DKK/INR  6.3443  11.2025  0.0325  AUD/USD  1.4059     ‐0.04    TIME  USD LIBOR  EURO LIBOR  1M  2.48225  ‐0.40871  3M  2.64125  ‐0.34557  6M  2.73575  ‐0.29086  1Y  2.89113  ‐0.16771     Index Today  % Change  NIFTY 10745.05  0.09  SENSEX 35792.39  0.1  BANK NIFTY 27008.4  0.2  SGX NIFTY 9347.5  0.33  NIKKEI 21431.49  0.60  HANG SENG 28725.99  0.74  SHANGHAI 2786.0665  0.9  ASX200 6139.2  0.7  DOW JONES  25954.44  0.24  S&P500 # 2784.7  0.18  NASDAQ # 7062.339  0                                               Routeforex Solutions Pvt Ltd.   Disclaimer: http://www.routeforex.com/RF/disclaimer.html  Follow us:   www.routeforex.com  5 Minutes INR=IN 8:55 AM 02/18/2019 - 1:00 PM 02/21/2019 (DEL) Cndl, INR=IN, 11:15 AM 02/21/2019, 71.0800, 71.0800, 71.0800, 71.0800, -0.0300, (-0.04%) Price INR 70.9 70.95 71 71.05 71.1 71.15 71.2 71.25 71.3 71.35 71.4 71.45 71.5 71.0800 10:35 12:35 14:35 16:35 10:35 12:35 14:35 16:35 10:35 12:35 February 18 2019 February 20 2019 February 21 2019       Key Events of the Day      Date  Time  Currency  Event Forecast Previous 21‐Feb‐19  14.00  EUR  German Manufacturing PMI (Feb)  50.0  49.7  21‐Feb‐19  19.00  USD  Core Durable Goods Orders (MoM) (Dec)  0.2% ‐0.4% 21‐Feb‐19  19.00  USD  Philadelphia Fed Manufacturing Index (Feb)  15.6  17.0  21‐Feb‐19  20.30  USD  Existing Home Sales (Jan)  5.01M  4.99M