Monday, 2 July 2018

• Oil prices fell by more than one percent as investors eyed rising supplies in Saudi , while Trump kept up the pressure on the world's top producer to make up for disruptions.

• Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on close U.S. allies with a threat to sanction European companies that do business with Iran.

• Dollar index is adding gains after slipping sharply late last week.
• Asian shares remain subdued with SGX Nifty showing a flat opening for Indian Bourses.

• India Rupee is likely to open near 68.50 and is expected to trade between 68.30 – 68.70 range for the day.

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Volume and Open Interest suggesting an accumulation in USDINR

USDINR futures prices were seen consolidating while  volumes  and OI were seen increasing suggesting accumulation.