Monday, 8 October 2018

Good morning!
Asian markets trades lower early Monday as China’s markets prepare to reopen following a week-long holiday after its central bank cut banks’ reserve requirements in a bid to support growth, while Oil prices corrected from highs as US considers some waivers on Iran crude sanctions. US equities ended lower on Fridays on back mixed US data. Meanwhile, US 10 year yields rose to 3. 23% hits a fresh 7 year highs.  
Dollar index traded higher, moves are limited by a lack of liquidity with Japan on holiday and the U.S. bond market on a break while pound inched higher
Dollar rupee likely to open near 74.05 after last day volatile move and expected to trade in a broader range of 73.65-74.25 for the day


Karvy Forex 

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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.