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Published on 7/06/2019 10:55:39 AM | Source: Geojit Financial Services Ltd

USDINR Futures closed at 69.4125, down 0.014% on Thursday - Geojit Financial

Posted in Currency Report| #Currency Tips #Geojit Financial Services Ltd

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* USDINR Futures closed at 69.4125, down 0.014% on Thursday.

* Yen trades near its lowest level in almost a week as risk sentiment improves on hopes the U.S. may delay a plan to impose tariffs on Mexico. Japanese bond traders to seek cues from the central bank’s debt-buying operation at 10:10am in Tokyo.

* The US Dollar under pressure as investors wait jobs data later in the day backed by expectation of a possible Fed rate cut to support slowing economy.

* The yen and franc could benefit if global trade conflicts spur a slowdown in crossborder direct-investment activity, according to Goldman Sachs Group Inc.

* Sovereign bonds are set for a fourth weekly gain after the central bank cut rates on Thursday and eased its stance to accommodative. The yield on 10-year bonds fell 9bps to close at 6.93% on Thursday after touching 6.87%, the lowest level since November 2017.

* Global Funds Buy Net 32.8b of India Equity Derivatives Thursday.

* Global Funds Sell Net INR14.5b India Stocks on Thursday: NSE.

* Foreign Investors Buy Net INR1.36B of Indian Equities on June 4.

 

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