USDINR WEEKLY - 9TH TO 13TH SEPT'2019

WEEKLY RANGE – 70.68 (71.38 – 72.08 ) 72.45

CONCERN

• ECB IN FOCUS

• BREXIT UNCERTAINTY

• CHINESE DATA SUMP

• U.S.A. DATA

• TREASURY BONDS / YIELDS INVERSION

Conclusion Weekly :-

• On Import Aspect: - COVER THRU 70% FORWARDS - 30% OPTION (NOTE:- if get attractive rate).

• On Export Aspect: - USDINR SPOT +72 must cover part amount for short term.