Pound rallied on upbeat Retail sales data - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.08 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat housing data from US. New home sales rose 6.1 percent in February to 592K units. However, sharp gain was capped as traders remained cautious ahead of vote on a US Republican healthcare plan. Invest

GBPINR has important resistance at 82.22/82.40 -  LKP Sec

USDINR

News & Analysis

* USDINR traded higher taking support near 65.40, ended in positive at 65.5625 for the day. The buying from PSUs and foreign banks on oil importers demand supported the pair to trade up.

* The dollar index, against a basket of major currencies was little changed as investor

Sell EURINR around 70.70 Target 70.30 Stop loss 70.90 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. It sustained at higher levels which indicate continuation of firm sentiments in today’s session as well. Next important support seen at 65.35 levels. USD/INR futures likely to trade with sideways sentiments and 65.48 will be the tre

GBPINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot traded on a flat note in yesterday’s trading session owing to persistent demand for US Dollar by importers and banks. Concerns over Donald Trump future policies have kept markets in a cautious mood. Investors fear that Trump’s failure to repea

GBPINR trading range for the day is 81.46-82.39 - Kedia

USDINR

*USDINR trading range for the day is 65.34-65.71.

*Rupee traded in range on dollar buying by private and foreign banks amid oil importers' month-end demand.

*An indicator signaling turning points in the Indian economy increased for the third successive month in February, the Conference Board said.

*Reserve Bank

JPYINR has important trend line resistance at 59.20 -  LKP Sec

USDINR

News & Analysis

* USDINR traded lower with weaker international pair with continued effect of Fed rate hike. Prices recovered later with weak Indian equity indices which ended at 65.51 for the day.

* The dollar index, against a basket of major currencies was little changed at 99.849 after

Sell USDINR around 65.50 Target 65.30 Stop loss 65.65 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. It failed to sustain at higher levels which indicate continuation of volatile sentiments in today’s session as well. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next import

Sterling pound traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot depreciated by 0.18 percent in yesterday’s trading session owing to persistent demand for US Dollar by importers and banks. Concerns over Donald Trump future policies have kept markets in a cautious mood. Investors fear that Trump’s failure to

Buy JPYINR around 58.50 Target 58.90 Stop loss 58.30 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. It failed to recover from lower levels which indicate continuation of selling pressure in today’s session as well. Overall trend for USD/INR futures likely to remain bearish for intraday session due to selling pressure. Next im

Euro currency spot traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Once again, the Indian Rupee spot appreciated by 0.02 percent in yesterday’s trading session owing to fall in US Dollar Index after the FBI head confirmed on investigating Russia’s involvement in US Presidential Elections of 2016. On the domestic front, markets are

Pound Plunges on Brexit concerns - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.12 percent in yesterday’s trading session against basket of six major currencies after Chicago Fed president Charles Evans said Federal Reserve was on track to raise interest rate twice more this year. However, dollar remained near 6 week low as last week FOMC guidance over interest rates continued

Sterling pound traded lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Once again, the Indian Rupee spot appreciated by 0.2 percent, making a fresh 16 month high in yesterday’s trading session. Reason behind this prolonged surge could be attributed to the massive win by BJP in the recent state elections which have infused positive sentiments

Sell EURINR around 70.50 Target 70.10 Stop loss 70.70 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. It failed to recover from lower levels which indicate continuation of selling pressure in today’s session as well. Overall trend for USD/INR futures likely to remain bearish for intraday session due to selling pressure. Next im

GBPINR trading range for the day is 80.96-81.54 - Kedia Commodity

USDINR

*USDINR trading range for the day is 65.27-65.63.

*Rupee appreciated on dollar selling by state-run banks and foreign banks amid exporters selling.

*India's cabinet has approved four bills to implement a planned Goods and Services Tax (GST) bills, a government official said.

* India's wholesale price inflati

EURINR is expected to trade in a range-bound - Angel Broking

Last week, USDINR spot appreciated by around 1.6 percent owing to the following factors:

* BJP’s massive victory in the major state election has created good sentiments in the Indian market leading to appreciating rupee and higher equities.

* The victory has not only brightened India’s future economic outlook but has also inviting

Yen gains on safe haven demand - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.11 percent on Friday’s trading session against basket of six major currencies but remained near its five week low as traders were disappointed after central bank sticks to its previous outlook of 2 more rates this year and three more hikes in 2018. However, sharp downside was cushioned on the back

JPYINR traded witnessed flat opening trade positive - LKP Sec

USDINR 

*  USDINR traded mixed with weaker international pair after Fed rate hike. Prices witnessed correction later of the day ended marginal positive at 65.57.

*  The dollar index fell sharply after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace o

Euro currency traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, the Indian Rupee spot appreciated by more than 1.5 percent owing to slump seen in the American currency after the US Fed Chair indicated that the central bank was unlikely to speed up monetary tightening. Markets across the globe were disappointed by this mo

EURINR trading range for the day is 70.16-71.01 - Kedia

USDINR

* USDINR trading range for the day is 65.4-65.83.

* Rupee traded in range after the local currency rose to 17-month high amid lack of fresh triggers to support the demand for the local currency.

* India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data from the Ministry o

Pound advances after BOE policy meet - Sharekhan

US DOLLAR INDEX (DX)

US Dollar depreciated by 0.40 percent in yesterday’s trading session against basket of six major currencies as traders were disappointed after central bank sticks to its previous outlook of 2 more rates this year and three more hikes in 2018. US Federal Reserve after raising rates by 0.25 percent signaled more gradual pace of

EURINR traded lower witnessing gap up opening -  LKP Sec

USDINR

News & Analysis

* USDINR traded lower with weaker international pair after Fed rate hike. Prices witnessed recovery later of the day ended marginal positive at 65.53.

* The dollar index fell sharply after the Federal Reserve raised interest rates for the second time in three months but did

Sterling pound traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.40 percent yesterday owing to slump seen in the American currency after the US Fed Chair indicated that the central bank was unlikely to speed up monetary tightening. Markets across the globe were disappointed by this move as they had priced in at

EURINR trading range for the day is 70-70.59 - Kedia

USDINR

*USDINR trading range for the day is 65.18-65.79.

*Rupee rose to its strongest level in nearly 17-months after the Fed raised interest rates as expected but signalled no pick-up in the pace of tightening.

*India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data showed.