The Indian rupee gained for a second consecutive session against the dollar today, helped by upbeat risk sentiment amid changes to the Brexit deal ahead of a vote by U.K. lawmakers. However, further gains were capped after some banks bought dollars likely on behalf of the central bank. However, most traders speculate banks’ dollar bids likely on behalf of the central bank today capped gains. In coming days, investors will watch for possible intervention by the Reserve Bank of India as rupee nears 69.00 levels.

1. Evening Wrap Daily Forex Research Report as on 12‐03‐2019
Indian Rupee
 The rupee settled at 69.7025 against 69.88 at the previous close. The
local unit moved in 69.8250 ‐70.0350 per dollar band intra‐day.
 The Indian rupee gained for a second consecutive session against the
dollar today, helped by upbeat risk sentiment amid changes to the
Brexit deal ahead of a vote by U.K. lawmakers. However, further
gains were capped after some banks bought dollars likely on behalf
of the central bank. However, most traders speculate banks’ dollar
bids likely on behalf of the central bank today capped gains. In
coming days, investors will watch for possible intervention by the
Reserve Bank of India as rupee nears 69.00 levels.
Global Currency
 The dollar fell on Tuesday after an apparent breakthrough in Brexit
negotiations between the European Union and Britain encouraged
buying of riskier currencies. The yen was also lower as investors'
mood turned positive following news that British Prime Minister
Theresa May had secured legally binding assurances from the EU
hours ahead of a parliamentary vote on her Brexit withdrawal deal.
 The pound rallied in early European hours on Tuesday after British
Prime Minister Theresa May secured last‐minute changes from the
European Union for her Brexit deal before a crucial vote in
parliament later in the day. The pound was up 0.6% at $1.3230 by
4:35AM taking its gains over two days to more than 1.5%.
Global Market
 Oil rose to around $67 a barrel on Tuesday, supported by Saudi
Arabia's plan for further voluntary supply curbs in April and by a cut
in oil exports from Venezuela due to a power outage.
 Gold prices rose on Tuesday as the dollar weakened against the
pound after the European Commission accepted amendments to the
UK's Brexit deal, although gains were limited as the agreement also
buoyed sentiment for riskier assets.

2. Global Markets at one Glance
Markets at 5.00pm In INR % Change
USD/INR 69.7125 69.7125 ‐0.13
EUR/USD 1.12547 78.45 ‐0.1
GBP/USD 1.30229 90.75 ‐1.38
USD/JPY 111.208 0.63 ‐0.15
SEK/INR 9.4088 7.4093 ‐0.0257
DKK/INR 6.210 11.2250 0.49
AUD/USD 1.4156 49.23 ‐0.28
DXY 97.249 0.03
Commodities Today % Change
GOLD # 1295.6195 0.13
SILVER # 15.197 0
BRENT # 67.12 0.81
NYMEX # 57.25 0.81
Today
OPEN 69.7500
HIGH 69.7500
LOW 69.5000
CLOSE 69.7025
Index Today % Change
NIFTY 11301.2 1.19
SENSEX 37535.66 1.3
NIKKEI 21503.69 1.79
HANG SENG 28920.87 1.46
SHANGHAI 3060.3073 1.1
CAC# 5254.87 ‐0.21
FTSE # 7264.61 0.0042
DAX # 11519.97 ‐0.2
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5 Minutes INR=IN 4:30 PM 03/07/2019 - 9:30 AM 03/13/2019 (DEL)
Cndl, INR=IN, 5:05 PM 03/12/2019, 69.7000, 69.7075, 69.7000, 69.7025, -0.1775, (-0.25%) Price
INR
69.5
69.55
69.6
69.65
69.7
69.75
69.8
69.85
69.9
69.95
70
70.05
70.1
70.15
70.2
69.7025
08:35 12:35 16:35 12:35 16:35 12:35 16:35
March 08 2019 March 11 2019 March 12 2019
Key Events of the Day
Date Time Currency Event Actual Forecast Previous
12/03/2019 15.00 GBP Manufacturing Production (MoM) (Jan) 0.8% 0.2% 0.2%
12/03/2019 15.00 GBP Monthly GDP 3M/3M Change 0.5% 0.2% 0.4%