USDINR WEEKLY - 29TH JULY TO 02ND AUGUST 2019

WEEKLY RANGE – 68.40 (68.61 – 69.08 ) 69.26

POSITIVE ASPECT :-

• OIL HOLD BELOW 50DMA & 200 DMA.

• FED anticipation will be key.

• Anticipation of RBI monetary stance.

CONCERN :-

• India Share market sell off - FII running.

• Yields getting bids near 6.40 levels.

• Manufacturing weak performance.

• Word bank lowering India growth.

Conclusion :-

• On Import Aspect: - There is major probability for INR will appreciate , until hold 69.08/69.15 levels.

• On Export Aspect: - Must cover every upside.

DERIVATIVES:-

INDIAN 10 YEAR BONDS:-

UPCOMING WEEK IMPORTANT GLOBAL ECONOMIC EVENTS:-

• BoJ Monetary Policy Statement (30th July)

• CHINA PMI (JULY)(31st July)

• FED interest rate decision (31st July)

• BoE interest rate decision (1st AUG)

• USA NFPR & UNEMPLOYMENT (2nd AUG)