Friday, 5 October 2018

The Wall Street stocks lost their foot yesterday as U.S. Treasury yields continued to rise to multi-year highs as an outcome of the recent strong economic data,
building concerns for an acceleration of inflation.
Asian equities were shaky and further look perilous as the risk of faster-than-expected interest rate hikes in the U.S. persists.
Oil prices rose today, as we move closer to the U.S. sanctions against Iran's crude exports that are set to start next month.
The Indian Central bank is due to come out with its interest rate decision, where it is expected to raise the rates by 25 bps.
The Dollar continued to hold gains today against its major peers, including the yen and euro, as investors evaluated the impact of a two-day global government
bond retreat that has lifted U.S. Treasury yields.
The Indian Unit is seen opening around 73.70 a dollar and is expected to play the 73.30-74.40 range today with a bearish bias.

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Volume and Open Interest suggesting an accumulation in USDINR

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