CURRENCIES
EUR/USD: The euro recovered marginally after slipping to a fresh 12-year low against the US dollar, as market participants waited for cues from the US Federal Open Market Committee's two-day policy meet that begins Tuesday.
--$1.0525 per euro today vs $1.0500 Friday; $1.0624 Thursday

USD/JPY: The yen was trading with an upward bias against the US dollar ahead of the FOMC's two-day policy meet, where the US central bank is expected to provide more information on the hiking of interest rates.
--121.25 yen per $1 today vs 121.33 Friday; 121.29 Thursday

COMMODITIES
CRUDE OIL: Futures fell sharply Friday, as a monthly report from the International Energy Agency warned that oversupply would continue to push prices downward.  Crude oil prices have been pinned at record lows for several months now as there has been a global supply glut. The global strengthening of the dollar also contributed to the sharp decline in crude futures on Friday.
--NYMEX Apr futures (a barrel): $44.84 Friday vs $47.05 Thursday
 
GOLD: Futures settled marginally higher on Friday, but ended the week registering a 1% loss as the global strengthening of the dollar reduced appetite for the precious metal.
--COMEX Apr futures (a troy ounce): $1,152.40 Friday vs $1,151.90 Thursday

MARKETS
Call : Seen opening tad above RBI repo rate as banks may borrow funds early to meet reserve needs. 1-day call: 7.00-7.50% vs 8.48% 2-day Sat.
Bonds : Crude oil price, US yield may lend cues. Value buying may support prices. 10-yr bond yield: 7.75-7.80% vs 7.80% Fri.
Rupee : Steady to tad up on upbeat trade deficit data. May take cues from euro, NDF, Asian currencies. Range 62.7500-63.1500/$1 vs 62.9650/$1 Fri.
Stocks: Seen weak tracking negative global cues. Nifty range: 8600-8780 Fri-end: 8647.75, down 128.25 points.

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