USDINR WEEKLY - 22 to 26 JULY 2019

WEEKLY RANGE – 68.28 (68.66 – 69.12 ) 69.44

POSITIVE ASPECT:-

• Bond Buying.

• FED anticipation will be key.

• Anticipation of RBI monetary stance.

CONCERN:-

• Central Bank (RBI) intervention

• Oil appreciation

• India Share market sell off - FII running

• Government stance for money from SEBI

Conclusion Weekly :-

1. On Import Aspect: - Buying must be in every dip.

2. On Export Aspect: - Use option for covering export.

TECHNICAL INDICATORS:-

DERIVATIVES:-

INDIAN 10 YEAR BONDS:-

UPCOMING WEEK IMPORTANT GLOBAL ECONOMIC EVENTS:-

• USD existing home sales (23rd July)

• GERMAN manufacturing PMI (24th July)

• ECB interest rate decision (25th July)

• RUSSIA interest rate decision (26th July)

• USA GDP (QOQ)(Q2) (26TH July)