The Indian rupee settled slightly higher against the dollar, gaining for the first week in six. The euro and pound both weakened against the dollar due to concerns over global growth from weak Chinese inflation and US retail sales data. Gold and the dollar rose as safe haven assets while oil prices increased slightly.

1. Evening Wrap Daily Forex Research Report as on 15‐02‐2019
Indian Rupee
 The rupee settled at 71.22 against 71.16 at the previous close. The
local unit moved in 71.20‐71.4250 per dollar band intra‐day.
 The Indian rupee posted its first weekly rise in six weeks against the
dollar, helped by dollar inflows into local markets even as rally in
crude oil prices trimmed most of the weekly gains. The Indian rupee,
which was boosted by flows from a telecom company and
disinvestment‐related inflows, reversed most of its gains in the last
three days, despite broad strength in dollar and decline in equities.
Most of the flows were likely absorbed by the central bank and
importers, particularly the oil companies amid rally in crude prices.
Global Currency
 The dollar was edging higher against major European currencies
early Friday in Europe after weak Chinese inflation data overnight
reinforced concerns about global growth. Fears about the growth
outlook have revived this week in the wake of a shockingly sharp fall
in U.S. retail sales in December, and there is still not enough
evidence of progress in the trade talks between China and the U.S. to
suggest that risk appetite will return quickly.
 The euro was at $1.1278, down 0.2% and seemingly set to test a
three‐month low of $1.1218 later. Pound was still struggling below
$1.28 after another parliamentary defeat Thursday – albeit only a
symbolic one, for PM Theresa May over her Brexit strategy.
Global Market
 Gold and the U.S. dollar, both considered as safe‐haven assets these
days, gained on Friday in Asia following the release of weak U.S.
retail sales and China inflation data. Gold was up $2.75, or 0.2%, at
$1,316.65 per ounce.
 Oil prices rose on Friday in Asia after briefly falling on a weak U.S.
retail sales data report. U.S. retail sales tumbled 1.2% in December,
the first time in 10 months, the Commerce Department reported on
Thursday. Economists had forecasted a gain of 0.1% for the period.

2. Global Markets at one Glance
Markets at 5.00pm In INR % Change
USD/INR 71.23 71.23 0.35
EUR/USD 1.12778 80.39 0.19
GBP/USD 1.28269 91.40 0.59
USD/JPY 110.454 0.65 0.4
SEK/INR 9.2891 7.6681 0.0258
DKK/INR 6.346 11.2250 0.49
AUD/USD 1.4056 0.42
DXY 97.095 0.12
Commodities Today % Change
GOLD # 1317.77 0.4
SILVER # 15.5 0
BRENT # 64.84 0.42
NYMEX # 54.58 0.31
Today
OPEN 71.2300
HIGH 71.4250
LOW 71.2000
CLOSE 71.2200
Index Today % Change
NIFTY 10724.4 ‐0.2
SENSEX 35808.95 ‐0.19
NIKKEI 20900.63 ‐1.13
HANG SENG 27900.84 ‐1.87
SHANGHAI 2682.385 ‐1.37
CAC# 5113.89 1.02
FTSE # 7264.61 0.0042
DAX # 11185.18 0.86
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5 Minutes INR=IN 8:35 AM 02/13/2019 - 5:20 PM 02/15/2019 (DEL)
Cndl, INR=IN, 5:05 PM 02/15/2019, 71.2200, 71.2200, 71.2200, 71.2200, +0.0600, (+0.08%) Price
INR
70.4
70.5
70.6
70.7
70.8
70.9
71
71.1
71.2
71.3
71.4
71.2200
08:35 12:35 16:35 12:35 16:35 12:35 16:35
February 13 2019 February 14 2019 February 15 2019
Key Events of the Day
Date Time Currency Event Actual Forecast Previous
15‐Feb‐19 15.00 GBP Retail Sales (MoM) (Jan) 1.0% 0.2% ‐0.2%