August 24th,2018
Currency Futures (NSE)
Currency
USDINR
EURINR
GBPINR
JPYINR
Spot
69.86
80.73
89.93
63.03
Expiry
August
August
August
August
Open
69.72
80.10
89.43
63.36
High
69.98
80.62
89.79
63.48
Low
69.58
80.10
89.30
63.20
Option Monitor
Call
IV
6.54
5.67
7.47
5.78
5.80
6.72
% Chg in OI
321%
-83%
207%
-28%
153%
-83%
OI
213595
37073
113438
82765
229483
22122
Volume
33567
12424
56249
139639
320386
85465
Premium
1.15
0.90
0.70
0.46
0.29
0.05
Strike
69.00
69.25
69.50
69.75
70.00
70.75
Premium
0.01
0.02
0.03
0.07
0.15
0.67
Volume
210719
65663
266709
178692
272803
43
Put
OI
282605
51019
127310
63945
167704
833
% Chg in OI
8%
5%
2%
-8%
14%
-5%
Close
69.94
80.59
89.74
63.45
% chg
0.11%
0.99%
0.65%
0.42%
OI
2159954
69972
48763
42873
% Chg in OI
-2.7%
12.1%
-0.6%
-5.2%
Trade Sheet
Buy JPYINR @63.17 SL 62.63 TGT 64.05
Sell USDINR Aug 69PE/Sell 70.25CE
Sell GBPUSD Aug
FII Activity
Action
IV
6.87
6.43
5.96
5.77
5.86
7.16
BUY
SELL
NET
Rs. (Crs)
5205.31
4951.06
254.25
$ (Mil)
755.38
718.48
36.90
-81.99
19.07
595.87
5
Daily Debt($) Flows
Daily Equity($) Flows
MTD Flows($ mln)
Days to Expriy
10 Yr Bonds Yields
Open Interest Distribution
Put
70.75
3.1
3
2.9
2.8
2.7
2.6
69.25
69.00
0
Source: Reuters
Correlation Between USDINR v/s USDINR 1 year FWD
Call
8
7.9
7.8
7.7
7.6
7.5
7.4
7.3
7.2
7.1
7
3.2
USINR V/S USD INR 1yr FWD
70.15
70.1
70.05
70
69.95
69.9
69.85
69.8
69.75
69.7
69.65
302
301
300
299
298
297
296
295
294
293
292
70.00
69.75
69.50
Source: Reuters
India
US (RHS)
50000
100000 150000 200000 250000 300000
Source: Reuters
USDINR
USDINR 1yr FWD

Market Snapshot
Dollar held onto recent gains in early morning session after U.S. and Chinese officials ended two days of trade talks without any major breakthroughs. The talks between the two nations ended
as their trade war escalated after a new round of U.S. tariffs kicked in on $16 billion worth of imports from China, followed immediately by reciprocal tariffs from China. Meanwhile, Initial jobless
claims, a tracker of sorts for layoffs in the U.S., fell slightly in mid-August and hovered near a 49-year low. New claims declined by 2,000 to 210,000 in the seven days from Aug. 12 to Aug. 18.
Elsewhere, Japan's core consumer prices rose 0.8% in July from a year earlier, unchanged from the previous month's gain, adding to evidence the central bank is making little headway in
achieving its elusive 2% price target.
Investor focus turned to the speech by Federal Reserve Chairman Jerome Powell due today.
INR is expected to open around 70.20 compared with the previous close of 70.1. Meanwhile, the yuan declined towards 6.90 against the dollar on Friday amid a Bloomberg report that trade
negotiations between the U.S. and China ended yesterday without much progress. The talks were held in the wake of heightening trade tensions between the two countries.
Technical Chart
Currency
USDINR
EURINR
GBPINR
JPYINR
Pivot
69.83
80.43
89.61
63.37
Support - Resistance for the day
S1
69.69
80.25
89.43
63.27
S2
69.44
79.92
89.12
63.09
R1
70.08
80.77
89.92
63.55
R2
70.23
80.95
90.09
63.66
International Pairs
Currency
Dollar Index
Euro
Pound
Yen
Economic Data
8/24/2018
Particulars
FX Reserves, USD
Durable Goods Orders (MoM)
Gaurang Somaiya
Research Analyst(Currency)
Currency
IN
US
Expected
-
-0.50%
Previous
400.88B
0.80%
Premium
Outright Rate
USDINR
3- Month
77.25
70.6
Open
95.17
1.1594
1.2910
110.53
High
95.44
1.1548
1.2919
110.89
Low
95.15
1.1594
1.2866
110.50
Close
95.42
1.1553
1.2872
110.82
% chg
-0.28%
0.37%
0.29%
-0.25%
Forward Premiums
Forward Market (OTC/ Interbank)
6- Month
150.75
71.4
1 year
300.75
72.9
Period
6-Month
1 -Year
Forward
71.23
72.88
Future
67.40
72.54
NDF
71.36
73.06