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The Indian rupee little changed at 70.87 pair now at 70.90 against
70.7950 previous close.
Pair to tip in 70.80‐71.20 range today.
USD/INR opens higher after dollar index climbs to near two‐month
Indian Rupee highs amid higher‐than‐expected US core inflation. Pair now at 70.92
against 70.80 previous close. Dollar index rose 0.4% yesterday, ninth
advance in ten sessions, after US core inflation rose by 2.2% in
January, higher than 2.1% expected by economists polled by Reuters.
Brent crude up 0.4% at $63.86, hovering near highest in almost three
months. “The bias is on the upside after importer buying and
demand from oil companies prompted an intraday turnaround in
pair yesterday. he upward bias will be confirmed if the pair manages
to make it past 71.00 quickly.” Pair tipped in 70.80‐71.20 range.
The dollar held near three‐month highs versus the euro on Thursday,
supported by sustained strength in core U.S. inflation and weaker‐
than‐expected data out of Europe.
The greenback was hit earlier this year by the Federal Reserve' shift
Global Currency to a cautious policy stance. However, the latest data suggests the
central bank will need to stay vigilant on pricing pressures even as it
adjusts to heightened growth risks. trend in core U.S. inflation
remains steady, against some concerns of a potential decline..indeed
at 2.2 percent year‐on‐year, the current reading is up from the 1.8
percent reading a year ago.
Oil prices rose on Thursday, buoyed by hopes that potential progress
in the latest Sino‐U.S. tariff talks would improve the global economic
outlook, and as China's trade figures including crude imports beat.
Gold prices rose to hit a peak in more than a week on Wednesday on
Global Markets signs that the U.S. Federal Reserve will likely be patient on further
interest rate rises, but rallying global equities kept the metal's gains
in check.
Global Markets at one Glance
Index
Markets Today In INR % Change Today % Change
USD/INR 70.859 70.87 ‐0.01 NIFTY 10739.6 ‐0.5
EUR/USD 1.12853 79.97 0.15 SENSEX 35888.76 ‐0.4
GBP/USD 1.28713 91.21 0.19
BANK NIFTY 26903.65 0.07
USD/JPY 111.07 0.64 ‐0.12
SGX NIFTY 9347.5 0.33
SEK/INR 9.2439 7.6655 0.02
DKK/INR 6.3253 11.2025 0.0325 NIKKEI 21139.71 ‐0.02
Key Events of the Day
71
70.9
70.8600
70.8
70.7
70.6
70.5
70.4
10:35 12:35 14:35 16:35 10:35 12:35 14:35 16:35 10:35 12:35
February 12 2019 February 13 2019 February 14 2019
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