USDINR WEEKLY - 26TH TO 30TH AUGUST 2019

WEEKLY RANGE – 73.10 (72.52 – 71.35 ) 70.85

CONCERN:-

1. CHINESE OFFSHORE CURRENCY TRADE ABOVE 7.10 PER DOLLAR.

2. TRADE WAR INTENSIFY SLOWDOWN WORRIES

3. MANUFACTURING DATA DISAPPOINTING

In Domestic concern:-

1. Investor losing confidence.

2. FII regularly withdraw $ from market.

3. All economic data suggesting we are in deep trouble.

Conclusion Weekly :-

1. On Import Aspect: - Avoid Buyer’s Credit, Every dip must cover short to medium term.

2. On Export Aspect: - Must cover thru Forwards for short term with tranches.