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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. 
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 
 
 
                                    Routeforex Solutions Pvt Ltd.  
Disclaimer: http://www.routeforex.com/RF/disclaimer.htmls 
Follow us:  
www.routeforex.com 
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       
Date  Time  Currency  Event  Actual  Forecast Previous
             
           
             
           

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  • 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                                          Routeforex Solutions Pvt Ltd.   Disclaimer: http://www.routeforex.com/RF/disclaimer.htmls  Follow us:   www.routeforex.com  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        Date  Time  Currency  Event  Actual  Forecast Previous