The Indian rupee fell for a second consecutive session today to a seven-week low against the dollar, as robust U.S. jobs and manufacturing data lifted U.S. yields and lifted dollar demand. Rupee came under pressure due to both global and domestic factors. Higher oil prices and upbeat U.S. jobs data print that lifted dollar, added to the rupee’s fall which was already pressured by the populist domestic budget. All eyes are on the MPC policy meet for the RBI’s take on the expected fiscal slippage and a rate cut is expected. Rupee can stabilise in the next few days.

1. Evening Wrap Daily Forex Research Report as on 04‐02‐2019
Indian Rupee
 The rupee settled at 71.80 against 71.24 at the previous close. The
local unit moved in 71.58‐71.8175 per dollar band intra‐day.
 The Indian rupee fell for a second consecutive session today to a
seven‐week low against the dollar, as robust U.S. jobs and
manufacturing data lifted U.S. yields and lifted dollar demand. Rupee
came under pressure due to both global and domestic factors.
Higher oil prices and upbeat U.S. jobs data print that lifted dollar,
added to the rupee’s fall which was already pressured by the
populist domestic budget. All eyes are on the MPC policy meet for
the RBI’s take on the expected fiscal slippage and a rate cut is
expected. Rupee can stabilise in the next few days.
Global Currency
 The U.S. dollar rose to one‐week highs against the yen on Monday,
as strong employment and factory data underpinned demand for the
greenback, but the Federal Reserve's more cautious stance on
monetary policy looked likely to hold gains in check. Dollar sentiment
has undergone a U‐turn in recent days with weak European data and
expanding stimulus in China boosting appetite for the greenback,
despite indications from the U.S. Federal Reserve that interest rate
increases may be over for now.
 Sterling GBP was broadly flat at $1.3073 in early Asian trade with
traders expecting the pound to remain volatile as Brexit uncertainty
remained high.
Global Market
 Oil hit a two‐month high close to $64 a barrel on Monday as OPEC‐
led supply cuts and U.S. sanctions against Venezuela's petroleum
industry offset forecasts of weaker demand and an economic
slowdown.
 Gold prices slipped to their lowest in nearly a week on Monday as
global stocks firmed on the back of upbeat economic data from the
United States and a stronger dollar. Spot gold was down about 0.5%.

2. Global Markets at one Glance
Markets at 5.00pm In INR % Change
USD/INR 71.82 71.82 0.46
EUR/USD 1.14506 82.22 0.46
GBP/USD 1.30621 93.77 0.40
USD/JPY 109.867 0.65 0.16
SEK/INR 9.0788 7.9107 0.0301
DKK/INR 6.398 11.2250 0.49
AUD/USD 1.3829 0.45
DXY 95.726 0.15
Commodities Today % Change
GOLD # 1310.39 ‐0.57
SILVER # 15.88 0
BRENT # 63.02 0.43
NYMEX # 55.3 0.07
Today
OPEN 71.6000
HIGH 71.8175
LOW 71.5800
CLOSE 71.2400
Index Today % Change
NIFTY 10912.25 0.17
SENSEX 36582.74 0.31
NIKKEI 20883.77 0.46
HANG SENG 27990.21 0.21
SHANGHAI 2618.2323 1.3
CAC# 4993.38 ‐0.52
FTSE # 7264.61 0.0042
DAX # 11152.48 ‐0.25
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5 Minutes INR=IN 8:50 AM 01/30/2019 - 5:25 PM 02/04/2019 (DEL)
Cndl, INR=IN, 5:05 PM 02/04/2019, 71.8050, 71.8100, 71.8000, 71.8000, +0.5600, (+0.79%) Price
INR
70.8
70.9
71
71.1
71.2
71.3
71.4
71.5
71.6
71.7
71.8
71.8000
12:35 16:35 12:35 16:35 12:35 16:35 12:35 16:35
Jan 30 19 Jan 31 19 Feb 01 19 Feb 04 19
Key Events of the Day
Date Time Currency Event Actual Forecast Previous
04‐02‐2019 15.00 GBP Construction PMI (Jan) 50.6 52.6 52.8