USDINR prices to find support in the range of 64.80 –64.70 levels - Angel Broking

NSE USDINR Oct (CMP – 65.0325)

NSE USDINR Oct as seen in the weekly chart above has opened the week at 65.5550 levels and at the starting of the week it made a weekly high of 65.60 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 64.9625 levels. This week prices have clo

Talks on potential Fed chief nominee push dollar to one-week high - GEPL

Market Commentary

* The dollar rose to a one-week high against a basket of currencies on Tuesday on speculation that U.S. President Donald Trump was leaning towards nominating a Federal Reserve head who would be more inclined to raise interest rates at a faster pace.

* The dollar index, which measures the greenback against a basket of six maj

The Indian Rupee spot depreciated by 0.51 percent - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot depreciated by 0.51 percent on account of strong US Dollar Index after markets speculated future Fed Chair to be more hawkish. According to a report, economist John Taylor was said to make a favourable impression on President Trump during an interview for

EURINR trading range for the day is 76.36-76.7 - Kedia

USDINR

* USDINR trading range for the day is 64.75-65.24.

* Rupee remained under pressure as dollar gained on comments from Fed’s Chair Yellen and fears US President may select a more hawkish Fed Chief after Yellen's term ends.

* India's wholesale price inflation eased unexpectedly in September, after accelerating in

European Commissionchief want the pace of negotiations to improve - IIFL

FX

Euro lost ground in the wake of far right wing party claiming power in Austrian national elections. Pound's run has also abated given the impasse on Brexit talks. Although, British PM and European Commissionchief want the pace of negotiations to improve, there are no signs of both the parties hitting the common ground on contentious issues like immigtation and divorce bill.

Dollar holds steady against major peers, inflation in focus - GEPL

Market Commentary

*  The U.S. dollar gained slightly on Monday as investors repositioned after disappointing inflation data on Friday sent the greenback to its lowest levels in more than two weeks, and with no major U.S. releases on Monday to sway direction.

* The dollar index against a basket of six major currencies rose 0.22 percent t

EURINR spot is expected to trade lower in today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot traded mostly on a flat note as strong domestic equity market gave support to the rupee. Also, sustained selling of the US Dollar by exporters and banks acted as a positive factor. However, strength in the US Dollar Index after markets speculated future F

USDINR trading range for the day is 64.72-64.91 - Kedia

USDINR

* USDINR trading range for the day is 64.72-64.91.

* Rupee appreciated on likely buying by foreign banks likely for of exporter and foreign fund inflows into local stocks on upbeat sentiments.

* Comments from Finance Minister Arun Jaitely that eased worries over India's fiscal discipline.

* India's wholesale

US dollar derived cues from mixed macroeconomic numbers - IIFL

FX

US dollar derived cues from mixed macroeconomic numbers. Although CPI for Septemberrose by 2.2% on yoy basis, the rise in Core CPI remained unchanged at 1.7%. Higher gasoline prices (due to hurricanes) contributed to the inflationary pressure, which may not be replicated during October. Meanwhile, consumer spenfding remains strong, manifested by 1.6

Dollar nursed its losses after hit from disappointing inflation data - GEPL

Market Commentary

* The dollar fluctuated against a basket of the other major currencies on Friday after mixed consumer inflation data clouded the outlook for another rate increase by the Federal Reserve in the coming months.

* Consumer prices rose 0.5% last month after advancing 0.4% in August the Labor Department reported Friday. Economist

Spot is expected to soar higher towards 87 levels - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee After appreciating by 0.72 percent in the last week, USDINR spot (CMP: 64.92) is all set to strengthen towards 64.70 levels again in the coming holiday shortened week. The appreciation will mostly be due to weak US Dollar Index which has already plunged by 0.88 percent in the last week and is expected to fall more given

Indian Rupee strengthened further against the greenback - IIFL

FX

Indian Rupee strengthened further against the greenback, with values now moving below 65 mark in the offshore markets. Lower than expected CPI inflation reading eased concerns, however, we sense that the headline reading will scale higher in the coming months given the rebound in energy prices, implementation of farm loan waivers, higher salary &

Dollar trades subdued ahead of inflation data due today - GEPL

Market Commentary

*  The dollar was poised to narrowly ward off a fifth straight day of losses against a basket of currencies on Thursday, as investors looked ahead to inflation data on Friday that may provide more clues on the next U.S. interest rate hike.

* The dollar index was up 0.06 percent at 93.074.

* The dollar was sli

The Euro currency spot traded lower by 0. 35 percent - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.15 percent yesterday tracking gains in other Asian market currencies after the release of dovish FOMC Meeting Minutes where the committee noted another rate increase likely warranted this year provided low inflation persists. Moreover, sustained s

USDINR trading range for the day is 65.06-65.43 - Kedia

USDINR

* USDINR trading range for the day is 65.06-65.43.

* Rupee appreciated on buying by foreign banks on behalf of exporters amid weak dollar ahead of India's CPI inflation data.

* “Growth is always there in the MPC’s scheme of things; we don’t lose sight of that, but not at the cost of inflation,” Pa

Euro also derived scues from reports of strength in German exports - IIFL

FX

US dollar index retraced lower, as Euro regained lost ground in light of easing tensions over secession of Spain's Catalonia province. Euro also derived scues from reports of strength in German exports, growing 3.1% on the month, the strongest reading in a year. Sterling traded firm as well as UK's manufacturing output expanded at a healthy

The Euro reached a two- week peak at 1.1864 - GEPL

Market Commentary

* The dollar fell on Wednesday to a two-week low against a basket of currencies, as the U.S. Federal Reserve's latest minutes hinted policy-makers are open to an interest rate increase in December despite concerns about weak inflation.

*  Several Fed officials expressed they would like more inflation data in the ne

The Euro currency spot traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.15 percent yesterday on account of weak US Dollar Index that plunged by 0.30 percent on dovish FOMC Meeting Minutes where the committee noted another rate increase likely warranted this year provided low inflation persists. Moreover, dovis

JPYINR trading range for the day is 58.05-58.41 - Kedia

USDINR

* USDINR trading range for the day is 65.13-65.55.

*Rupee appreciated on buying by foreign banks inflows related to initial public offering amid weak dollar and on caution ahead of India's retail inflation data.

* India’s retail inflation edged up in September, driven by higher salaries of government employees as w

Euro reclaimed 1.18 mark against the greenback - IIFL

FX

Euro reclaimed 1.18 mark against the greenback after concerns over Catalonia's secession from Spain eased. In a speech to regional parliament, Catalan President ststed that although provincial government respects the results of recent referendum, it would not yet declare independence, giving a chance to deliberation with Spanish