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

USD/INR ends down as exit poll results boost FII optimism

20 May 2019 / Evening Brief

Indian Rupee

  • The rupee settled at 69.7350 against 70.22 at the previous close. The local unit moved in 69.35 -69.80 per dollar band intra-day.
  • USD/INR ends down as exit poll results boost FII optimism Dollar/rupee in both onshore and offshore markets traded down during Monday on likely FII inflows into the local stocks after exit polls signalled the return of the ruling coalition. Dollar/rupee in the non-deliverable forward (NDF) market maturing in one month traded at Rs 69.77/$1 during European trades and Rs 70.50/$1 at start of Indian market Monday. The pair traded at Rs 70.53/$1 at close of Indian market on Friday.

Global Currency

  • The dollar is pushing toward the two-year high it hit in April in early trading in Europe on Monday, after election victories for business-friendly incumbents in Australia and India offset ongoing worries over trade relations between the U.S. and China. Over the weekend, a number of U.S. tech companies said they had stopped supplying telecom giant Huawei components for its telecom equipment, as a consequence of last week’s ruling by the U.S. administration.
  • Sterling is struggling to recover from its slump on the revival of fears over a “hard Brexit” if the Conservative Party ditches Prime Minister Theresa May in favor of a high-profile Brexiteer. It has picked up a little in response to comments by opposition leader Jeremy Corbyn appearing to move closer to endorsing a second referendum.

Global Markets

  • Gold fell to a more than two-week low on Monday as investors preferred the safety of the dollar, with the currency underpinned by robust economic reports out of the United States, even as geopolitical risks and trade tensions persist.
  • Oil hit multi-week highs on Monday after OPEC indicated it was likely to maintain production cuts that have helped boost prices this year, while escalating Middle East tensions provided further support.

Global Markets at one Glance

Markets at 5.00pm In INR % Change
USD/INR 69.745 69.745 -0.81
EUR/USD 1.11595 77.82 -0.8
GBP/USD 1.27401 88.81 -0.63
USD/JPY 109.913 0.63 -0.75/td>
SEK/INR 9.6513 7.2265
DKK/INR 6.213 11.2250 0.49
AUD/USD 1.4453 48.23
DXY 97.94 -0.03
Index Today % Change
NIFTY 11828 3.69
SENSEX 39352 +3.74
NIKKEI 21301 0.24
HANG SENG 27805 -0.44
SHANGHAI 2955.10 0.58
CAC# 5413 -062
FTSE # 7283 -0.73
DAX # 12066 -1.41
Commodities Today % Change
GOLD # 1274 -0.16
SILVER# 14.79 0.02
BRENT # 72.80 0.05
NYMEX # 62.86 0.06
Today Today
OPEN 69.4900
HIGH 69.8000
LOW 69.3500
CLOSE 69.7350

Key Events of the Day

Date Time Currency Event Actual Forecast Previous

Share this post?