USDINR spot is likely to depreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, the Indian Rupee spot appreciated marginally by 0.02 percent owing to weakness in the American currency post the announcement of delay in health care vote. Moreover, sustained selling of the US Dollar by exporters and banks added to the

EURINR trading range for the day is 72.28-73.54 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.62-64.88.

* Rupee gained on buying by foreign banks and as investors await comments from Federal Reserve Chairperson Janet Yellen.

* India's current account deficit widened to $3.4 billion, or 0.6 percent of gross domesti

Sell USDINR JULY ON BOUNCE NEAR TO 65.00 WITH SL ABV 65.60 TGT 64.42-63.90 - Kedia Commodity

Rupee for june month moved in range of 64.84-64.30, today settled down at 64.48 appreciating nearly by +0.36% justlying the historical gains for June months while rupee looks continue to trade in a narrow range ahead of GST implementation next week. Also, monsoon progress remains in focus amid expectations of normal rainfall. We suggest going short in July USDINR future near 64.85 for target at

Euro lost ground against greenback - IIFL

FX

Euro lost ground against greenback, as ECB chief Mario Draghi on Monday defended accommodative monetary policy stance. Nevertheless, macroeconomic numbers continues to remain positive, with Eurozone consumer confidence reading for june jumping to a 16 year high. Moreover, Ifo Institute has upgraded its outlook for 2017 Germany GDP to1.8% and 2.0% fo

Sell NSE USDINR July between 65.00-65.20, SL-65.40, Target-64.50/64.30 - Angel Broking

NSE USDINR July (CMP – 64.77)

NSE USDINR July as seen in the weekly chart above has opened the week with gap down at 64.7525 levels and starting of the week it made a weekly low of 64.64 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 64.9875 levels. On the last trading session of th

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.21 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US. US Jobless claims came in line with expectation. Further, hawkish statement from US Fed policymakers continued to support dollar. However, traders are disappointed with the l

Dollar index almost unchanged in subdued trade - GEPL

Dollar index almost unchanged in subdued trade

Market Commentary

* The dollar was little changed early on Friday as traders marked time ahead of next week's U.S. inflation-linked indicators.

* The dollar index against a basket of major currencies stood little changed at 97.547. The index peaked a

GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.10 percent amid weak trading in domestic markets i.e. Sensex and Nifty after National Association of Software and Services Companies projected that the revenue growth for India’s software services indu

EURINR trading range for the day is 71.98-72.29 -Kedia Commodity

Currency Update

USDINR

 *  USDINR trading range for the day is 64.43-64.72.

*  Rupee ended flat on selling by oil importers and nationalised banks including State Bank of India, Bank of India and Bank of Baroda.

*  RBI’s policy committee wants more evidence that in

Pound surged after hawkish statement from BOE chief economist Andy Haldane - Sharekhan

US Dollar Index (DX):

US Dollar fell by 0.21 percent in yesterday’s trading session against basket of six major currencies on profit taking. Further, traders are disappointed with the lack of progress on U.S. fiscal stimulus and tax reforms. However, sharp downside was prevented on hawkish statement from US Fed policymakers and a rise in Treasury

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot traded flat as lack of important economic datasets from the nation kept the trading volumes light. Furthermore, markets geared up ahead of Brexit negotiations between Britain and the European Union which kept all the Asian m

GBPINR trading range for the day is 81.37-82.6 - Kedia Commodity

Currency Update

USDINR

*  USDINR trading range for the day is 64.42-64.67.

*  Rupee traded in the range as selling by nationalised banks offset the impact of likely foreign inflows into initial public offerings. # Investors anticipated the minutes of the Monetary Policy Committee to show ca

USDINR spot is likely to depreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.10 percent as lack of important economic datasets from the nation kept the trading volumes light. Furthermore, markets geared up ahead of Brexit negotiations between Britain and the European Union which kept all t

Fed comments push Dollar at session highs - GEPl

Fed comments push Dollar at session highs

Market Commentary

* The dollar hit a three-week high against the yen on Tuesday, after an influential Federal Reserve official said U.S. inflation should rise alongside wages, supporting expectations for the Fed to keep raising interest rates.

* The dollar r

GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated marginally by 0.03 percent as lack of important economic datasets from the nation kept the trading volumes light. Furthermore, markets geared up ahead of Brexit negotiations between Britain and the European Unio

GBPINR trading range for the day is 82.18-82.83 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.35-64.59.

* Rupee settled flat as buying by nationalised banks for oil importers offset overseas fund inflows into local stocks

* India's current account deficit widened to $3.4 billion, or 0.6 percent of GDP, in the Janu

Dollar advances on hawkish statement from Fed official - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.40 percent in yesterday’s trading session against basket of six major currencies on the back of hawkish statement from New York Fed president William Dudley and a rise in Treasury yields. He expressed confidence that rising wages would help revive domestic inflation. Further, US Federal Reserve raise

GBPINR spot (CMP-82.23) is expected to trade sideways to higher - Angel Broking

Rupee

* The Indian Rupee depreciated by 0.33 percent in the last week.

* Reason behind the same could be attributed to the the release of FOMC Monetary Policy Statement where the committee lifted the key interest rates by 25 basis points and hinted at the possibility of one more by the year end and three more in the next year.

* Th