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  • Writer's picturefxmethods

WEEKLY OUTLOOK - USDINR

Events effect rupee this week:-
  • FOMC / USA GDP

  • INDIAN BUDGET 2019

  • OIL PRICE STUCK IN $60 - $63 RANGE

  • CHINA INDUSTRIAL PROFIT SHRINK AGAIN

  • FII OUTFLOWS

WEEKLY PROJECTION – 70.59 (70.84 – 71.62) 72.15


HIGHLIGHTS – 21ST – 25TH JAN 2019
  • IMF INCREASE ESTIMATION OF INDIA GDP 7.5% Vs 7.4%

  • CHINA GDP (YOY) 6.4% Vs 6.5%

  • IMF WORRY ABOUT GLOBAL GROWTH

  • OIL LINGERING ON GROWTH AND SANCTIONS

  • ECB HOLD RATES BUT COMMENT IS DOVISH

  • USA SHUTDOWN ENDS FOR NOW

  • YUAN SIX MONTH FIRM




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