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Evening Wrap  Daily Forex Research Report as on 12‐02‐2019 
 
 
 
 
 
Indian Rupee 
 The rupee settled at 70.70 against 71.1650 at the previous close. The 
local unit moved in 70.69‐71.2150 per dollar band intra‐day. 
 The Indian rupee rose to a one‐month high against the dollar, helped 
by banks’ greenback sales likely on behalf of their custodial clients 
who  stepped  up  investments  into  local  markets.  Rupee’s 
appreciation  is  not  due  to  any  changes  in  the  fundamentals  but 
because of expectations of fund inflows, therefore some strength in 
the  local  currency  may  continue  in  the  near  term.  However, weak 
local shares and uptick in dollar index along with rebound in the oil 
prices limited larger gains in the rupee. For further cues U.S.‐China 
trade talks will be closely watched by the investors. 
 
 
 
Global Currency 
 The dollar was on track for its longest winning streak in two years on 
Tuesday, as hopes of a breakthrough in U.S‐China trade talks and a 
tentative  deal  to  avoid  a  U.S.  government  shutdown  encouraged 
investors to cover short bets on the currency. Traders bet the U.S. 
Federal Reserve would pause in its rate increases and other major 
economies would grow quickly 
 Sterling GBP=D3 was steady at $1.2878 before a statement by Prime 
Minister  Theresa  May  to  lawmakers  in  parliament.  While  the  Fed 
held interest rates steady last month, the case for buying the euro 
and the pound has weakened steadily. Economic data in Europe have 
deteriorated and Brexit concerns have dogged the British pound 
 
 
 
Global Market 
 Gold rose on Tuesday's slight pause in the dollar's rally as the United 
States and China continue talks aimed at ending their trade conflict. 
Spot gold XAU was up 0.3 percent at $1,312.45 an ounce.  
 Oil prices gained nearly 2 percent on Tuesday, supported by OPEC‐
led production cuts which Saudi Arabia said it would surpass by over 
half a million barrels per day (bpd) and by U.S. sanctions against Iran 
and Venezuela.  
Global Markets at one Glance 
 
Markets at 5.00pm   In INR   % Change
USD/INR  70.71  70.71  ‐0.77 
EUR/USD  1.12852  79.70  ‐0.62 
GBP/USD  1.28572  90.75  ‐0.72 
USD/JPY  110.501  0.64  ‐0.81 
SEK/INR  9.2849  7.6156  ‐0.0304 
DKK/INR  6.299  11.2250  0.49 
AUD/USD  1.4109     ‐0.49 
DXY  97.013     ‐0.05 
 
Commodities  Today  % Change
GOLD #  1312.41  0.32 
SILVER #  15.657  0 
BRENT #  62.78  2.06 
NYMEX #  53.37  1.83 
 
 
Today
OPEN 71.1725
HIGH 71.2150
LOW 70.6900
CLOSE 70.7000
Index Today  % Change
NIFTY 10831.4  ‐0.53 
SENSEX 36153.62  ‐0.66 
NIKKEI 20864.21  2.61 
HANG SENG 28171.33  0.1 
SHANGHAI 2671.8937  0.68 
CAC# 5069.04  1.09 
FTSE # 7264.61  0.0042 
DAX # 11144.2  1.18 
 
 
                                    Routeforex Solutions Pvt Ltd.  
Disclaimer: http://www.routeforex.com/RF/disclaimer.htmls 
Follow us:  
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5 Minutes INR=IN 9:10 AM 02/08/2019 - 8:55 AM 02/13/2019 (DEL)
Cndl, INR=IN, 5:05 PM 02/12/2019, 70.7050, 70.7100, 70.7000, 70.7000, -0.4650, (-0.65%) Price
INR
70.7
70.8
70.9
71
71.1
71.2
71.3
71.4
70.7000
12:35 16:35 12:35 16:35 12:35 16:35
February 08 2019 February 11 2019 February 12 2019
      Key Events of the Day   
Date  Time  Currency  Event  Actual  Forecast Previous
           
             
           
             

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India rupee jumps to 1 month high on likely dollar inflows

  • 1. Evening Wrap  Daily Forex Research Report as on 12‐02‐2019            Indian Rupee   The rupee settled at 70.70 against 71.1650 at the previous close. The  local unit moved in 70.69‐71.2150 per dollar band intra‐day.   The Indian rupee rose to a one‐month high against the dollar, helped  by banks’ greenback sales likely on behalf of their custodial clients  who  stepped  up  investments  into  local  markets.  Rupee’s  appreciation  is  not  due  to  any  changes  in  the  fundamentals  but  because of expectations of fund inflows, therefore some strength in  the  local  currency  may  continue  in  the  near  term.  However, weak  local shares and uptick in dollar index along with rebound in the oil  prices limited larger gains in the rupee. For further cues U.S.‐China  trade talks will be closely watched by the investors.        Global Currency   The dollar was on track for its longest winning streak in two years on  Tuesday, as hopes of a breakthrough in U.S‐China trade talks and a  tentative  deal  to  avoid  a  U.S.  government  shutdown  encouraged  investors to cover short bets on the currency. Traders bet the U.S.  Federal Reserve would pause in its rate increases and other major  economies would grow quickly   Sterling GBP=D3 was steady at $1.2878 before a statement by Prime  Minister  Theresa  May  to  lawmakers  in  parliament.  While  the  Fed  held interest rates steady last month, the case for buying the euro  and the pound has weakened steadily. Economic data in Europe have  deteriorated and Brexit concerns have dogged the British pound        Global Market   Gold rose on Tuesday's slight pause in the dollar's rally as the United  States and China continue talks aimed at ending their trade conflict.  Spot gold XAU was up 0.3 percent at $1,312.45 an ounce.    Oil prices gained nearly 2 percent on Tuesday, supported by OPEC‐ led production cuts which Saudi Arabia said it would surpass by over  half a million barrels per day (bpd) and by U.S. sanctions against Iran  and Venezuela.  
  • 2. Global Markets at one Glance    Markets at 5.00pm   In INR   % Change USD/INR  70.71  70.71  ‐0.77  EUR/USD  1.12852  79.70  ‐0.62  GBP/USD  1.28572  90.75  ‐0.72  USD/JPY  110.501  0.64  ‐0.81  SEK/INR  9.2849  7.6156  ‐0.0304  DKK/INR  6.299  11.2250  0.49  AUD/USD  1.4109     ‐0.49  DXY  97.013     ‐0.05    Commodities  Today  % Change GOLD #  1312.41  0.32  SILVER #  15.657  0  BRENT #  62.78  2.06  NYMEX #  53.37  1.83      Today OPEN 71.1725 HIGH 71.2150 LOW 70.6900 CLOSE 70.7000 Index Today  % Change NIFTY 10831.4  ‐0.53  SENSEX 36153.62  ‐0.66  NIKKEI 20864.21  2.61  HANG SENG 28171.33  0.1  SHANGHAI 2671.8937  0.68  CAC# 5069.04  1.09  FTSE # 7264.61  0.0042  DAX # 11144.2  1.18                                          Routeforex Solutions Pvt Ltd.   Disclaimer: http://www.routeforex.com/RF/disclaimer.htmls  Follow us:   www.routeforex.com  5 Minutes INR=IN 9:10 AM 02/08/2019 - 8:55 AM 02/13/2019 (DEL) Cndl, INR=IN, 5:05 PM 02/12/2019, 70.7050, 70.7100, 70.7000, 70.7000, -0.4650, (-0.65%) Price INR 70.7 70.8 70.9 71 71.1 71.2 71.3 71.4 70.7000 12:35 16:35 12:35 16:35 12:35 16:35 February 08 2019 February 11 2019 February 12 2019       Key Events of the Day    Date  Time  Currency  Event  Actual  Forecast Previous