On Monday, USDINR opened 18 pips firm @ 68.91/92 against Friday Closed at 69.09/10.
FII regular inflow keep rupee favorable in emerging market against greenback.
Expected Dovish stance from FED keep BONDS on demand overall globally.
Indian Equity Market sharply upside on favorable expectation on Modi Government second term.
Matter of concern still OIL price on north side momentum on OPEC cut support.
INTRADAY RANGE - 68.62 ( 68.85 - 69.25 ) 69.57
On Friday, the rupee jumped 24 pips to close at 69.09/10 against the greenback on sustained foreign fund inflows and heavy buying in domestic equities.
Interbank Market, the domestic unit opened at 69.33/34 and advanced to a high of 69.00250/0350 during the day. It finally settled at 69.09/10.
On a weekly basis, the domestic currency has added 104 paise. This is also the fifth consecutive week of gain for the local unit.
US manufacturing output fell 0.4 per cent in February, weakening for a second straight month, while factory activity in New York state was softer than expected this month with an index reading of 3.7.
The 10-year Treasuries yield fell to as low as 2.58% , its lowest since Jan. 4, while Fed funds futures priced in about 40% chance of a rate cut this year, compared to almost zero per cent seen earlier this month.
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