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

USD/INR opens down on weak dlr

3 September 2019 / Morning Brief

Indian Rupee

  • The Indian rupee little changed at 72.1850 pair now at 72.21 against 72.40 previous close.
  • Pair to tip in 72.10-72.40 range today.
  • Dollar/rupee opened down Wednesday tracking the weakness in greenback following a data showing slowdown in US manufacturing sector. Dollar is down after weak factory data from the US. The USD index, the gauge that measures the trade-weighted performance of the greenback against its six major counterparts, was at 98.91 on Wednesday from 99.28 at the close of spot on Tuesday.

Global Currency

  • The dollar pulled back on Wednesday as weak U.S. manufacturing stoked wagers on aggressive policy easing, while the British pound recouped losses in the wake of a parliamentary vote that opened the door for another Brexit delay. Manufacturing activity in the world's biggest economy contracted for the first time in three years last month, according to the Institute for Supply Management.
  • The sterling was pushed higher after British lawmakers voted to take control of the parliamentary agenda and scheduled another vote on Wednesday. If the vote is successful, it would force Prime Minister Boris Johnson to seek more time from the European Union and prevent leaving the bloc without a divorce deal. prospect of a so-called "hard Brexit" has been a major source of worry for currency markets.

Global Markets

  • Gold prices held steady near a one-week high on Wednesday, supported by weak U.S. manufacturing data that heightened fears of an economic slowdown and soured risk sentiment. Spot gold XAU= was up 0.1% at $1,548.31 per ounce.
  • Oil held losses after a surprise contraction in American manufacturing and a warning from President Donald Trump highlighted the impact and intractability of the U.S.-China trade war.

Global Markets at one Glance

Markets Today In INR % Change
USD/INR 72.217 72.2275 0.08
EUR/USD 1.0973 79.24 0.09
GBP/USD 1.20985 87.38 0.27
USD/JPY 106.034 0.68 0.12
SEK/INR 9.8078 7.3632 0.0194
DKK/INR 6.4465 11.2025 0.0325
AUD/USD 1.4759 48.91 0.13
1M 2.34763 -0.41543  
3M 2.50450 -0.35929  
6M 2.52088 -0.31129  
1Y 2.60925 -0.22029  
Index Today % Change
NIFTY 10783.40 -0.13
SENSEX 36520.00 -0.12
BANK NIFTY 26947 -1.74
SGX NIFTY 10840 0.19
NIKKEI 20613.50 -0.06
HANG SENG 25791.00 1.03
SHANGHAI 2936.68 0.22
ASX200 6529.50 0.67
DOW JONES 26118.00 -1.08
S&P500 # 2906.27 -0.69
NASDAQ # 7874.16 -1.11
Key Events of the Day
Date Time Currency Event Forecast Previous
04/09/2019 14.00 GBP Composite PMI (Aug) 50.7
04/09/2019 14.00 GBP Services PMI (Aug) 51.0 51.4

Share this post?