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

USD/INR rebounded on strong dlr on Brexit worries, oil bids

22 March 2019 / Evening Brief

Indian Rupee

  • The rupee settled at 68.95 against 68.82 at the previous close. The local unit moved in 68.54 -69.09 per dollar band intra-day.
  • Dollar/Rupee rebounded tracking strong dollar on worries of no-deal Brexit and increased bids from oil importers amid strong economic data from the US. ICICI Bank and Axis Bank are the main buyers. Also, dollar remained strong on worries over no-deal Brexit. Dollar also found support from the stock economic data released yesterday's, Dollar also received support from Brexit led worries, on growing fears of a no-deal Brexit should British lawmakers hold firm in their rejection of British Prime Minister Theresa May's EU divorce deal..

Global Currency

  • The dollar dropped on Friday, giving up some of its overnight gains and on track for a second cosecutive weekly dip thanks to renewed downward pressure on government bond yields. Currency derivative markets signaled a growing caution the outlook for the British currency with one-month risk reversals on the pound versus the euro and the dollar plunging to multi-month highs.
  • The euro tumbled more than half a percent on Friday below the $1.13 level as a big miss in German manufacturing survey data and falling bond yields prompted traders to cut their positions. The sharp drop in the single currency, its biggest fall in two weeks, rippled over to other currencies and yanked the dollar higher.

Global Markets

  • Gold was little changed on Friday below a three-week peak hit the day before, pressured by rising stock markets but remaining on track for a third straight weekly gain after the U.S. Federal Reserve said there would be no further interest rate hikes this year.
  • Oil fell further from 2019 highs on Friday, but was set for a third straight week of gains due to supply cuts led by producer club OPEC and by U.S. sanctions on Iran and Venezuela.

Global Markets at one Glance

Markets at 5.00pm In INR % Change
USD/INR 68.96 68.96 0.33
EUR/USD 1.12975 77.94 -0.34
GBP/USD 1.31442 90.62 0.61
USD/JPY 110.352 0.63 0.77
SEK/INR 9.2673 7.4412 -0.0562
DKK/INR 6.143 11.2250 0.49
AUD/USD 1.4096 48.93 0.11
DXY 96.7 0.21
Index Today % Change
NIFTY 111456.9 -0.56
SENSEX 38164.61 -0.58
NIKKEI 21627.34 0.09
HANG SENG 29113.36 0.14
SHANGHAI 3104.1487 0.09
CAC# 5326.31 -0.98
FTSE # 7264.61 0.0042
DAX # 11487.36 -0.54
Commodities Today % Change
GOLD # 1312.21 0.23
SILVER# 15.372 0
BRENT # 67.28 -0.85
NYMEX # 59.59 -0.65
Today Today
OPEN 68.6400
HIGH 69.0900
LOW 68.5400
CLOSE 68.9500

Key Events of the Day

Date Time Currency Event Actual Forecast Previous
22-03-2018 14.00 EUR German Manufacturing PMI (Mar) 44.7 48.0 47.6

Share this post?