Offers & Promotions Download Brochure Get a Call Back Download App
Contact us

USD/INR snaps 3-day fall on oil bids, strong US econ data

12 April 2019 / Evening Brief

Indian Rupee

  • The rupee settled at 69.15 against 69.92 at the previous close. The local unit moved in 69.03-69.37 per dollar band intra-day.
  • Dollar/rupee snapped three-day fall Friday on buying by nationalised banks likely on behalf of oil importers. Also, upbeat jobless claims data and producer price index from the US supported dollar demand. Dollar demand today was mainly supported by oil bids and strong US data. PSBs and private banks were on buy side. Crude oil prices continued to stick above $71/bbl, as supported by ongoing supply cuts led by producer club OPEC and by US sanctions on petroleum exporters Iran and Venezuela.

Global Currency

  • The dollar index against a basket of six major currencies .DXY was down 0.4 percent at 96.828, giving up most of the previous day's gains. This week both France and Italy reported higher than expected industrial output in February, offering positive signs for the bloc after some downbeat data.
  • The euro gained on Friday in a move dealers said may have be driven by anticipated currency demand arising from a Japanese bank's plans to purchase a German multi-billion dollar aviation finance business. The euro rose 0.35 percent to $1.1289 EUR= after touching $1.1294, its highest since March 26.

Global Markets

  • Oil prices rose on Friday as involuntary supply cuts from Venezuela, Libya and Iran supported perceptions of a tightening market, already underpinned by a production reduction deal from OPEC and its allies.
  • A weaker dollar helped gold prices to steady on Friday, after bullion fell more than 1 percent in the previous session, and the metal was heading for its first weekly gain in three weeks on dovish central banks and tumultuous stock markets.

Global Markets at one Glance

Markets at 5.00pm In INR % Change
USD/INR 69.16 69.16 0.2
EUR/USD 1.13132 78.24 0.68
GBP/USD 1.30878 90.46 0.43
USD/JPY 111.968 0.62 -0.12
SEK/INR 9.2668 7.4632 0.0339
DKK/INR 6.161 11.2250 0.49
AUD/USD 1.3943 49.58 0.53
DXY 96.822 -0.37
Index Today % Change
NIFTY 11643.45 0.4
SENSEX 38767.11 0.41
NIKKEI 21870.56 0.73
HANG SENG 29909.76 0.24
SHANGHAI 3188.6256 -0.04
CAC# 5508.26 0.41
FTSE # 7264.61 0.0042
DAX # 12015.29 0.67
Commodities Today % Change
GOLD # 1292.5901 0.02
SILVER# 14.824 0
BRENT # 71.61 1.1
NYMEX # 64.41 1.31
Today Today
OPEN 69.0400
HIGH 69.3700
LOW 69.0300
CLOSE 69.1500

Key Events of the Day

Date Time Currency Event Actual Forecast Previous

Share this post?