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USDINR WEEKLY - 8TH TO 12TH JULY 2019.

  • Writer: fxmethods
    fxmethods
  • Jul 8, 2019
  • 1 min read

POSITIVE ASPECT

  • Heavy inflow in Corporate as well as Government Bonds.

  • Indian Forex Reserve touch highest levels $427 Vs $426 Billion.

  • Fiscal Deficit Target 3.3% for FY 2019 - 2020.

CONCERN

  • After better USA NFPR Dollar up side again as well as oil getting some momentum.

  • RBI regularly buying dollar.

  • Emerging currency weaker.

  • Hike duty on Oil leads to inflation.

WEEKLY RANGE – 68.02 (68.25 – 68.85 ) 69.16

Conclusion :-

  • On Import Aspect: - Buying must be every lower levels.

  • On Export Aspect: - Exporters must wait for better opportunity , can go thru OPTION Strategy.


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