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

USD/INR down on weak dlr, inline Chinese econ data

15 July 2019 / Morning Brief

Indian Rupee

  • The Indian rupee little changed at 68.54 pair now at 68.55 against 68.68 previous close.
  • Pair to tip in 68.40-68.65 range today.
  • Dollar/rupee opened lower Monday tracking a weak dollar amid release of dismal growth data from China, traders said. Asian currencies are slightly positive on weak dollar index. The dollar index, which tracks the movement of the greenback against a basket of six major currencies, traded at 96.83 compared with 97.06 at close of spot rupee market on Friday. The dollar remained weak against major peers pinned down by expectations of a Federal Reserve rate cut this month.

Global Currency

  • The dollar weakened for a third straight session on Friday, still pressured by expectations the Federal Reserve will start cutting interest rates at a monetary policy meeting later this month. The dollar briefly trimmed losses after U.S. data showed producer prices rose slightly in June, up 0.1% following a similar gain in May. In the 12 months through June, the PPI rose 1.7%, the smallest gain since January 2017.
  • The dovish stances of most other G10 central banks is offsetting the impact of potential Fed action on the U.S. dollar crosses," Foley said, noting, for instance, that she expects the European Central Bank to cut its discount rate further into negative territory at its September meeting.

Global Markets

  • Gold prices held steady in early Asian trade on Monday, as market participants awaited key economic data from China for cues about the health of the world's second-largest economy. Spot gold was flat at $1,412.34 per ounce.
  • Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world's largest crude oil importer.

Global Markets at one Glance

Markets Today In INR % Change
USD/INR 68.54 68.55 -0.01
EUR/USD 1.12685 77.23 -0.03
GBP/USD 1.25637 86.11 -0.07
USD/JPY 108.052 0.63 -0.15
SEK/INR 9.3721 7.3135 0.0023
DKK/INR 6.1185 11.2025 0.0325
AUD/USD 1.4222 48.19 0.01
1M 2.34763 -0.41543  
3M 2.50450 -0.35929  
6M 2.52088 -0.31129  
1Y 2.60925 -0.22029  
Index Today % Change
NIFTY 11582.60 +0.26
SENSEX 338860.00 +0.31
BANK NIFTY 30547.75 0.17
SGX NIFTY 11589.54 +0.40
NIKKEI 21685.90 +0.20
HANG SENG 28538.50 +0.23
SHANGHAI 2952.85 +0.76
ASX200 6671.70 -0.37
DOW JONES 27332.00 +0.90
S&P500 # 3013.77 +0.46
NASDAQ # 8244.14 +0.59
Key Events of the Day
Date Time Currency Event Forecast Previous

Share this post?