• Spot rupee ended at 96.53 to a dollar compared to 96.17/18 opening. level. The rupee continued to decline as concerns over Crude oil prices remain. Equity market benchmarks ended about 0.2 higher. DXY is trading steady at 99.19 level.
• Meanwhile, GBPUSD is trading weaker at 1.3393 level following a weak labour data. Pay rolled employment declined by -100k or -0.3 m/m in April, extending the annual drop to -210k or -0.7 y/y. Meanwhile, the unemployment rate rose from 4.9 to 5.0 in the three months to March, slightly above expectations of 4.9.
• Wage growth data presented a more mixed picture. Median monthly pay growth remained elevated at 4.9 y/y in April, unchanged from the previous month. In the three months to March, average earnings excluding bonuses slowed from 3.6 y/y to 3.4 y/y, matching expectations and suggesting some easing in underlying wage pressures. The figures reinforce the difficult balancing act facing the Bank of England.
• Important data releases scheduled today: US: ADP Weekly Empl change; Pending Home sales m/m

Rupee opened flat at 96.37 levels, as crude prices eased a tad after President Trump stated that he is suspending a planned strike on Iran amid hopes of a US-Iran deal. Equity market benchmarks are trading about 0.4 higher in early trades.

DXY is trading slightly lower at 99.10 level today. Market sentiments stabilised overnight as Brent Crude slipped back below $110/bbl. as investors assessed whether diplomacy might still work in bringing peace.