GBPINR is expected to trade a bit higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot appreciated by 0.16 percent on account of weakness seen in the American currency as investors contemplated the impact of Tropical Storm Harvey’s impact on America’s growth rate. Domestic market’s i.e. Sensex and Nifty traded in green whi

JPYINR trading range for the day is 58.62-58.9 - Kedia

USDINR

* USDINR trading range for the day is 63.99-64.24.

* Rupee traded at near three-week high after Federal Reserve's Chairperson Janet Yellen refrained from talking on the monetary policy in the US.

* India's wholesale price index in July rose 1.88 percent from a year earlier, after easing for four months, government da

US dollar continues to languish despite positive growth projections - IIFL

FX  

Euro has strengthened, deriving cues from ECB's chief speech at Jackson Hole, where he ststed that loose monetary policy has worked, manifested by steady economic recovery, though pick-up in inflation will take some time. Meanwhile, US dollar continues to languish despite positive growth projections. In this regard, Fed Atlanta expects Q3

EURINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated by 0.08 percent following gains in the Asian markets which lent support to the Indian Rupee. Also, weak US Dollar Index after the US President Donald Trump threatened to shut down the government unless Congress funds his proposed border

US dollar is trading tad lower - IIFL Ltd

US dollar is trading tad lower given the threat from President Trump's threat to push for a government shutdown unless his proposed Border wall is funded by Congress. However, such move does not solely hinges on the President, with US Congress having a wider say. Euro regained lost ground, helped by strong composite PMI reading for August. Preliminary Eurozone composite PMI was reported at

We expect JPYINR prices should move higher towards 59.40 levels - Choice Broking

USDINR

Technical View: On a daily chart, the pair has moved back into the channel which it had broke earlier.

Moreover, prices have been trading above its EMA which gives the sign of bullishness in the price.

A momentum indicator RSI has moved above 40 level on a daily chart, which suggests the possibilities of upside momentum in th

JPYINR spot will trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated marginally by 0.04 percent tracking gains in the Asian markets which lent support to the Indian Rupee. Also, weak US Dollar Index after the President Donald Trump threatened to shut down the government unless Con

GBPINR trading range for the day is 81.95-82.46 - Kedia

USDINR

*  USDINR trading range for the day is 64.02-64.22.

*  Rupee traded little changed on lack of fresh triggers even as investors await Jackson Hole Symposium later this week.

*  RBI’s MPC members said easing consumer inflation had supported the need for a rate cut at its August meeting, but warned prices co

USDINR spot is expected to strengthen - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.06 percent as lack of important economic data releases and events from the nation and countries abroad kept the trading volumes a bit light. Furthermore, traders are also cautious ahead of the speeches from

GBPINR trading range for the day is 82-82.88 - Kedia

USDINR

* USDINR trading range for the day is 64.04-64.26.

* Rupee pared gains on dollar buying by nationalized banks likely for the Reserve Bank of India and oil importers.

* The greenback rebounded as risk appetite rose as the geo-political tension has subsided temporarily and focus is on Central Bankers' speech in Jackson Hol

Currency traders look forward to volley of remarks from various central bankers - IIFL

FX

Currency traders look forward to volley of remarks from various central bankers (primarily ECB and Fed) at the central bank symposium in Jackson Hole, Wyoming. Recent policy statement of ECB and Fed has alluded to growing concerns over slowing inflation, which has reinforced the perception of a less aggressive process of policy normalisation on both

JPYINR trading range for the day is 58.6-59.04 - Kedia

USDINR

* USDINR trading range for the day is 64.01-64.3.

* Rupee rose to one-week high against the dollar on likely inflows related to corporates and with little change on lack of fresh triggers.

* Also, geo-political situation remains fragile as the North Korea opposed a military drill between the US and South Korean army beginnin

Buy NSE USDINR Aug between 63.90 - 64.00, SL - 63.60, Target - 64.60 / 64.70 - Angel Broking

NSE USDINR Aug (CMP – 64.2100)

NSE USDINR Aug as seen in the weekly chart above has opened the week with gap down at 64.11 levels and starting of the week it made a weekly low of 64.03 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 64.40 levels. This week prices have closed below th

US dllar will derive cues from President Trump`s speech - IIFL

FX

US dllar will derive cues from President Trump's speech to the nation where he is expected to announce increase in military troops to Afghanistan given the deteriorating security situation in the country. Later this week, investors will also be apprehensive of US and South Korea's joint military drills in the Korean Peninsula which can rub

GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated by 0.07 percent on account of dovish Fed minutes that showed that the Fed policymakers appeared increasingly wary about recent weak inflation thereby prompting them to halt interest rate hikes until it was clear the trend was transitory

USDINR trading range for the day is 64.07-64.37 - Kedia

USDINR

* USDINR trading range for the day is 64.07-64.37.

* Rupee traded in range on likely buying by foreign banks and on value buying by nationalised banks and foreign investors amid fall in US Treasury yields.

* RBI’s monetary policy committee members said easing consumer inflation had supported the need for a rate cut at i

ECB also acknowledged that groth in inflation is losing traction - IIFL

FX

 Euro retreated lower as minutes of the recent ECB policy meeting revealed that policymakers are concerned about prevalent strength in the currency. ECB also acknowledged that groth in inflation is losing traction, with CPI scaling lower to 1.3% in June from 1.4% in May and 1.9% in April. This indicates that the central bank is not contemplatin