08 May 17:
French elections became a non event with Macron winning the election as expected.
Macron won the election by a margin of more than 30% and is set to be the youngest president since Napolean.
On Friday, US NFP numbers as well as unemployment numbers came better than expected. This pushed the probability of June rate hike towards 70%.
US Dollar Index trades well below 99 levels on the back of euro strength.
Although, the euro was calm throughout the election and after, the euro continues to stay firm as markets expect a winding down of QE by ECB now that they have a pro EU stable govt.
Bond markets in India continue to witness inflows, whereas equities are seeing a bout of outflows. With FPI aggression slowing, the USD/INR continues to trade in a range of 64.00-64.40
USD/INR:
Today's opening :- 64.26
Intraday range :- 64.14-64.30