USDINR closed at 60.85 against its open at 61.25. USDINR ends down on inflows, dlr selling by foreign banks. USDINR fell on weak US, weak China Trade data. China"s exports dropped 18.1% in February from a year earlier compared to estimate of 7.5% growth on high base effect and discrepancy arising from Chinese lunar year. Rupee had opened marginally weaker than its previous close on better than expected US jobs data. US added 175,000 jobs last week. Rupee rallied to a 3-month high last week but is unlikely to continue the trend and importers will be seen buying at lower levels.Weak exports and inflation data from China and renewed tensions in Ukraine, we may see a selloff from FIIs. There's a good opportunity to buy dollars at lower levels as the Reserves were also increased by 900million.The ongoing political issues in india emphaised for the huge increase in prices of essential commodities over the last decade.Commodities will just be normal cyclical participants in an accelerating expansion globally.

 Sensex ended 0.07% up.

 

International 

Gold prices fell marginally in Asian trade on Monday, awaiting fresh direction after better than expected U.S. nonfarm payrolls data last week that pointed to a steady pace of tapering aggressive monetary easing by the Fed. Chinese exports collapsed 18.1% in February from a year earlier, disappointing expectations for a 6.8% increase. Imports rose 10.1%, compared to forecasts for an 8% increase.Asian stocks slipped in early trade on Monday and the dollar stepped back from its recent highs as disappointing Chinese trade data and uncertainty over the crisis in Ukraine kept risk in check.Japanese gross domestic product rose less-than-expected in the last quarter. The yen rose across the board early on Monday as investors gave riskier currencies, such as the Australian dollar, a wide berth after China data fuelled worries about a slowdown in the world's second-biggest economy.  Brent futures slipped below $109 a barrel on Monday as data showing an unexpected fall in China's exports added to fears of a slowdown in the world's No. 2 economy, though geopolitical tensions in Ukraine and Libya limited the falls. U.S. Treasuries yields rose to their highest levels in six weeks on Friday after jobs gains were stronger than expected in February, which could ease fears of an abrupt slowdown in economic growth and keep the Federal Reserve on track to reduce its monetary stimulus. The euro pulled back from two-and-a-half year highs against the dollar on Friday after data showed that the latest U.S. jobs report for February came in ahead of expectations.