USD/INR ends at 7-month low on weak dlr, likely FII inflows

The rupee settled at 69.09 against 69.3525 at the previous close. The local unit moved in 69.04 -69.3325 per dollar band intra-day.
Dollar/rupee ended at fresh seven-month low Friday on selling by foreign banks likely on behalf of overseas investors who injected funds into local stocks amid a subdued greenback, doller remained subdued after US weak economic data weighing the spot pair. Dollar/rupee in the offshore market traded down during afternoon trades on Friday tracking the movement in spot pair. However, a delay in the date of Brexit will require the agreement of the other 27 European Union members

The dollar slipped against its rivals on Friday and was set for its biggest weekly drop in more than three months before a U.S. central bank meeting next week where policymakers will shed more light on the outlook for interest rates. Against its rivals .DXY , the dollar fell 0.2 percent to 96.61 in early London trading. For the week, it is set to weaken 0.7 percent, its biggest drop since early December.
The British pound is drifting lower against the dollar and euro early Friday in Europe, consolidating this week’s gains as the market takes stock of a tumultuous few days in the Brexit process. Prime Minister May is preparing to ask lawmakers to vote on her twice-defeated Withdrawal Agreement with the EU for third time next Wednesday.

Oil prices edged up on Friday, with U.S. crude climbing to its highest so far this year as production cuts led by OPEC and U.S. sanctions against Venezuela and Iran likely created a slight deficit in global supply in the first quarter.
Gold rose on Friday, recovering from the previous session's sharp fall, as the dollar dipped and mounting concerns about a slowdown in global economic growth buoyed demand for the safe-haven metal.

Date	Time	Currency	Event	Actual	Forecast	Previous
15-03-19	15.30	EUR	CPI (YoY) (Feb)	1.5%	1.5%	1.4%

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