Friday, 31 August 2018

Data 31.08.2018

Statistics as on 31.08.2018
Description Currency Values Previous Change
         
USD vs INR           70.86                   70.98 0.12
Euro vs INR           82.26                   82.75 0.49
Euro vs USD      1.16087              1.16584 0.00497
Gold / 10 gram  INR      30,311                30,226 85
Sensex        38,645                38,690 45
Crude Oil WTI (NYMEX) USD         69.80                   69.93 0.13
Brent Crude USD         77.64                   77.84 0.20


Month ends with a record of sorts. Depreciated rupee, high oil prices, high stock market, one month high gold prices.  News is also out that Indian economy is growing @ 8.2% in Q1 of 2018-19.  There is quite a lot to munch about.  Lower exports, higher imports, records levels of trade deficit, lower forex reserves, record high petrol & diesel prices.  However mood is upbeat in the economy investment is flowing and industry is growing though at a slower rate. 

Thursday, 30 August 2018

Data 30.08.2018


Statistics as on 30.08.2018
Description Currency Values Previous Change
         
USD vs INR           70.98                   70.58 0.40
Euro vs INR           82.75                   82.62 0.13
Euro vs USD      1.16584              1.17076 0.00492
Gold / 10 gram  INR      30,226                30,100 126
Sensex        38,690                38,722 32
Crude Oil WTI (NYMEX) USD         69.93                   69.67 0.26
Brent Crude USD         77.84                   77.58 0.26


Oil is marching steadily upwards due to supply constraints from Iran due to sanctions of US and also drop in US stock holding of oil.  Rupee is under severe strain due to month end payment pressures for imports

Wednesday, 29 August 2018

Data 29.08.2018

Statistics as on 29.08.2018
Description Currency Values Previous Change
         
USD vs INR           70.58                   70.20 0.38
Euro vs INR           82.62                   82.06 0.56
Euro vs USD      1.17076              1.16860 0.00216
Gold / 10 gram  INR      30,100                30,139 39
Sensex        38,722                38,897 175
Crude Oil WTI (NYMEX) USD         69.67                   68.54 1.13
Brent Crude USD         77.58                   76.25 1.33


This is one of the unique days where all parameters are unfavourable.  Rupee is under strain due to high imports.  Euro is appreciating against the dollar which results in Rupee weakening against Euro.  Oil puts up an upward march again and will remain to be bullish due to demand.  

Tuesday, 28 August 2018

Data 28.08.2018

Statistics as on 28.08.2018
Description Currency Values Previous Change
         
USD vs INR           70.20                   69.97 0.23
Euro vs INR           82.06                   81.74 0.32
Euro vs USD      1.16860              1.16810 0.00050
Gold / 10 gram  INR      30,139                30,006 133
Sensex        38,897                38,694 203
Crude Oil WTI (NYMEX) USD         68.54                   68.95 0.41
Brent Crude USD         76.25                   76.50 0.25


INR has breached 70 barrier and continues to depreciate.  Sensex is on a roll and is expected to be bullish

Monday, 27 August 2018

Data 27.8.2018

Statistics as on 27.08.2018
Description Currency Values Previous Change
         
USD vs INR           69.97                   69.93 0.04
Euro vs INR           81.74                   81.29 0.45
Euro vs USD      1.16810              1.16252 0.00558
Gold / 10 gram  INR      30,006                29,891 115
Sensex        38,694                38,251 443
Crude Oil WTI (NYMEX) USD         68.95                   68.72 0.23
Brent Crude USD         76.50                   76.13 0.37


Euro hit a 2018 low in mid August to 1.1301 and since then is on a run gaining lost ground and trading now at 1.16810 to USD.  Looks like Euro is limping back into normalcy after Lira crises. 





INR is back below 70, however with strain in forex reserves and trade deficit expect depreciation of Rupee