USD/INR ends down on FII inflows, lower Brent, weak dlr

The rupee settled at 69.26 against 69.6750 at the previous close. The local unit moved in 69.18-69.50 per dollar band intra-day.
USD/INR ends down on likely FII inflows into the local debt, lower Brent, weak Dollar. , latest development on trade war front came with China accusing US of economic terrorism and also warned that it will stop the export of rare earth metals which are crucial for manufacturing sector. In the coming week, USDINR will be driven by RBI policy meeting and NFP data from US. Lingering tensions between the US and China added to the dollar's strength, following the latest comments from US President Trump.

The U.S. dollar was trading near one-week lows against a currency basket on Monday, with the yen and the Swiss franc, seen as safe havens in time of uncertainty, gaining ground as global trade tensions escalated. U.S. and Mexican officials are preparing for talks later in the day after U.S. President Donald Trump vowed to impose tariffs on all Mexican imports in an intensifying dispute over migration.
The euro was little changed at $1.1163 - its first gain in five sessions. German 10-year government bonds have fallen to -0.20%, their lowest ever, on fears that the ruling coalition may collapse after the resignation of Andrea Nahles, as head of the Social Democratic Party, the junior partner in the coalition.

Gold prices rose on Monday in Asia amid worries over Mexico and escalating trade tension between China and the U.S. Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, was up 0.4%.
Oil prices extended losses on Monday in Asia After a 3% slump last Friday amid tension between Mexico and the U.S. U.S. Crude Oil WTI Futures was down 1.1% to $52.91.

Date	Time	Currency	Event	Actual	Forecast	Previous
03/06/2019	13.25	INR	German Manufacturing PMI (May)	44.3	44.3	44.3
03/06/2019	14.00	GBP	Manufacturing PMI (May)	49.4	52.0	53.1

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