USDINR: Near Support level - Sharekhan

USDINR: Near Support level

USDINR is consolidating in a narrow range (63.92-65.02). Further consolidation is expected unless it takes out to the level of 65. If it breaches this level, it can retest the weekly averages. The weekly momentum indicator is in buy. The daily momentum indicator has completed a cycle and is yet to give a bullish crossover. T

Dollar plunges after FOMC statement - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.41 percent in yesterday’s trading session against basket of six major currencies as US Federal Reserve kept its monetary policy unchanged and said it would begin normalizing its $4.5 trillion balance sheet “relatively soon”. Further, series of disappointing data from US led to fears amon

USDINR spot is likely to trade positive - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated by 0.10 percent on account of weak US Dollar Index as markets remained cautious of FOMC policy statement that was scheduled to be released after the markets hours. According to the statement, the Federal Reserve feels inflation remains be

JPYINR trading range for the day is 57.74-58 - Kedia

USDINR

* USDINR trading range for the day is 64.55-64.76.

* Rupee appreciated snapping two-day loss on likely inflows into local stocks and amid caution ahead of Federal Open market committee(FOMC) policy meet.

* Indian government sought parliament's approval to spend an extra 106.5 billion rupees ($1.65 billion) in new spendin

Euro remain strong, influenced by stronger than expected German Ifo business- IIFL

FX

 

Euro remain strong, influenced by stronger than expected German Ifo business sentiment index reading for july. Meanwhile, US dollar continues to struggle, with investors keeping an eye on Fed meeting today and Q2 GDP reading later this week. Earlier, IMF has trimmed US growth forecasts to 2.1% for both 2017 and 2018, when compared with ea

JPYINR spot is expected to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated marginally by 0.02 percent as traders brace themselves for the release of July’17 FOMC Meeting Statement which will be scrutinized for any change in outlook and hints on when the Fed will start trimming its balance sheet. On the do

GBPINR trading range for the day is 84.13-84.5- Kedia

USDINR

* USDINR trading range for the day is 64.58-64.74.

* Rupee depreciated for second straight day on selling by oil importers amid intervention by the Reserve Bank of India in the spot market.

* Pressure also seen on reports that government may not adhere to the fiscal path recommended by the NK Singh Committee.

* Mer

GBPINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee depreciated marginally by 0.02 percent due to weak trading in Asian market currencies which influenced the Indian Rupee too. Markets play cautious ahead of the FOMC meeting that is scheduled to be held in the mid-week. The statement will be scrutiniz

GBPINR trading range for the day is 83.62-84.19 - Kedia Commodity

USDINR

* USDINR trading range for the day is 64.26-64.55.

* Rupee traded flat as selling by oil importers was offsetted on buying by overseas market participants.

* Investors also build market position on hopes on likely rate action by the Reserve Bank of India in August policy.

* The significant moderation in India retail

EURINR spot (CMP - 75.22) is expected to trade higher - Angel Broking

Rupee

* In the last week, the Indian Rupee spot depreciated marginally by 0.01 percent despite lower US Dollar Index.

* Reason behind the same could be attributed to weak trading in Asian market currencies which influenced the Indian Rupee too.

* Markets are worried about greater political uncertainty across the globe which is haun

US dollar explicably remains on the defensive - IIFL

Fx

Euro propelled towards 1.7 mark against the US dollar, with indications growing strong that ECB will eventually toper bond purchase in October, quite well timed given that German national elections will be over by that time. Yen has also gained ground, with values surging below 111 levels. US dollar explicably remains on the defensive, weighed down

Euro advances on expectation of monetary tapering - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.48 percent on Friday’s trading session against basket of six major currencies on rising political tension after a report that U.S. special counsel Robert Mueller was investigating transactions tied to President Trump and some of his aides. Traders doubt President Donald Trump’s ability to deli

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, the Indian Rupee depreciated marginally by 0.01 percent despite lower US Dollar Index. Reason behind the same could be attributed to weak trading in Asian market currencies which influenced the Indian Rupee too. Markets are worried about greater political unce

JPYINR trading range for the day is 57.34-57.94 - Kedia

USDINR

* USDINR trading range for the day is 64.27-64.49.

* Rupee ended with gains on likely buying by all major foreign bank amid likely overseas funds inflows into local debt.

* Rupee also appreciated against the dollar tracking the weakness in the greenback after comments from European Central Bank President Mario Draghi.

Euro advances after ECB president Draghi speech - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.50 percent in yesterday’s trading session against basket of six major currencies on the back of mixed batch of economic data from country. Further, rising political tension after a report that U.S. special counsel Robert Mueller was investigating transactions tied to President Trump and some of his a

USDINR spot is likely to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee depreciated by 0.19 percent despite lower US Dollar Index. Reason behind the same could be attributed to weak trading in Asian market currencies which influenced the Indian Rupee too. Markets are worried about amid greater political uncertainty acros

USDINR trading range for the day is 64.31-64. - Kedia Commodity

USDINR

* USDINR trading range for the day is 64.31-64.6.

* Rupee weakened against the dollar on selling importers amid strong greenback and lack of fresh triggers.

* Indian banks taking 12 of the country's largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at leas

JPYINR spot is expected to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated marginally by 0.02 percent despite strong US Dollar Index. Reason behind this strength could be attributed to the increased expectation of a rate cut by RBI in the upcoming Monetary Policy Meeting. According to a Reuters’ poll, Ind

EURINR trading range for the day is 74.1-74.43 - Kedia

USDINR

* USDINR trading range for the day is 64.31-64.48. 

* Rupee traded in range on likely foreign institutional investor fund inflows into local stocks and likely dollar buying by RBI to curb further appreciation.

* India will reclaim its position as the fastest growing major global economy this year, partly propelled by ben

GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated by 0.10 percent on account of weak US Dollar Index on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year. On the domestic front, sustained selling of the US Dollar by exporters and

GBPINR trading range for the day is 83.35-84.8 - Kedia

USDINR

* USDINR trading range for the day is 64.36-64.48.

* Rupee traded in range on dollar buying by nationalised banks amid overseas fund outflows from local stocks.

* Investors risk appetite improved on rising expectations that the Federal Reserve will take a more cautious approach to raising interest rates.

* Indian ba

Euro up on expectation of monetary tightening - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.03 percent in yesterday’s trading session against basket of six major currencies as disappointing economic data raised the doubt about US economic growth and whether Federal Reserve will raise interest rate in 2017. In Intraday Dollar Index touched a low of 95.018 and closed at 95.128 against Dollar

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated marginally by 0.07 percent on account of weak US Dollar Index on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year. On the domestic front, sustained selling of the US Dollar by e