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The Indian rupee little changed at 70.74 pair now at 70.81 against
70.74 previous close.
Pair to tip in 70.65‐71.00 range today.
The Indian rupee edged higher against the dollar in early trade,
Indian Rupee helped by bunched‐up foreign fund inflows following a long
weekend. Foreign banks sold dollars in early trade, while bunched‐up
flows accumulated in banks’ nostro accounts due to yesterday’s
holiday, have hit the markets. Some dollar inflows related to bond
markets also helped the rupee. The Mumbai‐based dealer expects
the rupee to trade in a 70.70‐71.00 range today. India’s financial
markets were closed yesterday for a local holiday.
The dollar hovered near a 10‐week high against the yen on Friday,
thanks to a surge in Treasury yields after U.S. gross domestic product
data topped expectations. The dollar suffered brief dips against the
yen, a perceived safe‐haven, this week as tensions between India
Global Currency and Pakistan flared and as a summit between U.S. President Donald
Trump and North Korean leader Kim Jong Un ended without an
agreement.
The euro was steady at $1.1371 EUR= , having slid from a three‐week
peak of $1.1420 scaled the previous day. Core European bond yields
hit a three‐week high on Wednesday while a broad indicator of
European economic data.
Oil prices rose on Friday as markets tightened amid output cuts by
producer club OPEC, but surging U.S. supply and a global economic
slowdown prevented crude from climbing further. International
Brent crude futures were at $66.59/ barrel, up 28 cents, or 0.4 %.
Global Markets Gold prices hit a two‐week low on Friday as upbeat U.S. economic
data boosted the dollar, while mounting concerns over a slowdown
in global growth offered support to the safe‐haven metal. U.S. gold
futures GCv1 were down 0.1 percent at $1,314.80 per ounce.
Global Market at one Glance
Index
Markets Today In INR % Change Today % Change
USD/INR 70.804 70.815 ‐0.13 NIFTY 10843.25 ‐0.19
EUR/USD 1.13292 80.22 ‐0.25 SENSEX 35995.77 ‐0.19
GBP/USD 1.31585 93.16 ‐0.26
BANK NIFTY 27059.4 0.06
USD/JPY 111.904 0.63 ‐0.31
SGX NIFTY 9347.5 0.33
SEK/INR 9.3516 7.5713 ‐0.0177
DKK/INR 6.3204 11.2025 0.0325 NIKKEI 21822.04 1.02
Key Events of the Day
71.15
71.1
71.05
71
70.95
70.9
70.85
70.8000
70.8
70.75
70.7
70.65
10:35 12:35 14:35 16:35 10:35 12:35 14:35 16:35 10:35
February 28 2019 March 01 2019 Mar 05 19
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