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

USD/INR ends up on likely FPI outflows from local debt

25 July 2019 / Evening Brief

Indian Rupee

  • The rupee settled at 69.04 against 68.9750 at the previous close. The local unit moved in 68.92-69.0650 per dollar band intra-day.
  • USD/INR ends up on strong dlr, likely FPI outflows from local debt. PSBs bought most likely for oil importers. Dollar/rupee ended at Rs 69.04/$1 Thrusday compared to previous close of Rs 68.94/$1. Crude oil prices continued easing after US government data showed large builds in refined product stockpiles. The greenback weakened against its major counterparts weighed down by lower US yields.

Global Currency

  • The euro sank to a new two-month low against the dollar on Thursday as investors waited for the European Central Bank to signal another round of monetary easing, including a possible rate cut and the resumption of bond purchases. The slide was exacerbated by a bigger-than-expected fall in the German Ifo index of current business conditions to 99.4 in July from 100.8 in June. A Reuters poll of economists had expected a decline to 100.4. doubt that anything the ECB does or says provides much comfort" for the beleaguered euro
  • The pound remained below $1.25 and not far from the 27-month low it reached last week, last trading flat at $1.2475 and at 89.26 pence against the euro

Global Markets

  • Oil prices rose 1% on Thursday amid Middle East tensions and a big fall in U.S. crude stocks, but gains were capped as weak manufacturing data in Western nations indicated slowing economic growth that could reduce fuel demand.
  • Gold held steady on Thursday in cautious trading before a European Central Bank meeting where the bank is expected to provide clarity on its stance on monetary policy easing amid tepid economic data from the region.

Global Markets at one Glance

Markets at 5.00pm In INR % Change
USD/INR 69.05 69.05 0.05
EUR/USD 1.11406 76.91 0.04
GBP/USD 1.24992 86.28 0.23
USD/JPY 108.092 0.64 0.09
SEK/INR 9.4462 7.3098 -0.0101
DKK/INR 6.151 11.2250 0.49
AUD/USD 1.4353 48.09 0.11
DXY 97.38 0.05
Index Today % Change
NIFTY 11253 -0.17
SENSEX 37830 -0.04
NIKKEI 21469 -0.31
HANG SENG 28602 0
SHANGHAI 2915.30 -0.44
CAC# 5610 -0.10
FTSE # 7535 035
DAX # 12274 -0.53
Commodities Today % Change
GOLD # 1427 0.25
SILVER# 16.56 -0.05
BRENT # 63.88 0.07
NYMEX # 56.47 0.59
Today Today
OPEN 68.9800
HIGH 69.0650
LOW 68.9200
CLOSE 69.0400

Key Events of the Day

Date Time Currency Event Actual Forecast Previous
25/07/2019 13.30 EUR German Ifo Business Climate Index (Jul) 95.7 97.1 97.5

Share this post?