Sell USDINR @ 64.90 Stoploss 65.70 Target 63.90-63.20 - Kedia

* Rupee gained to trade at 64.60 amid continuation of foreign fund inflow and fall in international commodity price, specially gold and crude.

* Rupee remained relatively resilient due to country’s solid economic recovery after demonetisation and reasonably prudent and neutral monetary policy that is leaning hawkish rather than dovish.

* Retail inflation is likely to s

Rupee to decline on weak market sentiments - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.24 percent in yesterday’s trading session against basket of six major currencies as the Federal Reserve’s Beige Book report showed the U.S. economy continued to expand steadily. Further, commodity dependent currencies fell after decline in crude oil prices. However, sharp gain was prevented

The Euro fell against the US Dollar on Wednesday - Reliance Sec

DOMESTIC MARKET RECAP

The Indian Rupee appreciated against the US Dollar on Wednesday as foreign banks sold the greenback. Overnight weakness in the greenback following softerthan- expected U.S. economic data also aided the rupee.

The Rupee settled at 64.58 against 64.63 at previous close. Most other Asian currencies fell against the greenbac

GBPINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot depreciated by 0.08 percent yesterday after the IMD i.e. India Meteorological Department predicted that rainfall would be 96 percent of long-period average with a 38 percent probability of a near-normal season this year. Furthermore, the ongoing global te

Sell JPYINR around 59.70 Target 59.30 Stop loss 59.90 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing negative opening, USD/INR futures traded in a narrow range throughout the session. However, It witnessed some recovery from lower levels due to short covering. Momentum Indicator RSI for 14- day period is poised at 26.52 in the oversold zone indicating some support at lower levels due to short covering. USD/INR coul

USDINR trading range for the day is 64.49-64.77 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.49-64.77.

*Rupee traded in range against the greenback on buying by exporters amid weak dollar.

*A recovery in Indian exports gathered steam in March with a pick-up in demand bolstering an economy still recovering from the government's cash clampdown.

*India's trade d

Pound advances after UK Prime Minister calls for general election - Sharekhan

USDINR:

The Indian Rupee depreciated by 0.18 percent in yesterday’s trading session on the back of rise in risk aversion in the domestic markets and FII outflows from local shares. Benchmark stock index 50 shares Nifty Index fell by 0.37 percent to 9105.15. FII’s net sold stocks worth Rs 930.67 crores yesterday as per provisional data from

The USDINR April rose by 0.17% on Tuesday - Reliance Sec

The US Dollar Index

The U.S. Dollar Index dropped to a nearly three-week low against a basket of major currencies on Tuesday, pressured by lower Treasury yields and weak housing data.

 

Euro

The Euro recovered on Tuesday against the US Dollar and was trading marginally firm this Wedne

EURINR spot is likely to trade sideways to lower - Angel Broking

Indian rupee

The Indian Rupee spot depreciated by 0.2 percent yesterday as the ongoing global tensions prompted the traders to place risk free bets. In order to celebrate the 105th birth anniversary of its founding member ‘Kim Il Sung’, North Korea displayed its new long-range and submarine-based missiles as a nuclear-powered US aircraft ca

JPYINR trading range for the day is 59.04-59.74 - Kedia

USDINR

USDINR trading range for the day is 64.47-64.82.

Rupee depreciated on selling by buying by nationalised banks likely for importers demand amid weak local stocks.

Pressure also seen on fear Indian Meteorological Department may in its first forecast announce below normal monsoon for 2017.

Reserve Bank of India, in its

GBPINR spot is expected to trade higher today - Angel Broking

Indian rupee

The Indian Rupee spot depreciated marginally by 0.05 percent yesterday as the ongoing global tensions prompted the traders to place risk free bets. In order to celebrate the 105th birth anniversary of its founding member ‘Kim Il Sung’, North Korea displayed its new long-range and submarine-based missiles as a nuclear-powered U

Dollar plunges on disappointing data - Sharekhan

USDINR:

The Indian Rupee depreciated by 0.16 percent in yesterday’s trading session on the back of rise in risk aversion in the domestic markets and FII outflows from local shares. Benchmark stock index 50 shares Nifty Index fell by 0.13 percent to 9139.30. FII’s net sold stocks worth Rs 250.54 crores yesterday as per provisional data from

EURINR trading range for the day is 68.29-68.98 - Kedia

USDINR

* USDINR trading range for the day is 64.29-64.75.

* Rupee traded in range as dollar demand from oil importers offset the impact of weak dollar.

* India's trade deficit widened to a four-month high of $10.44 billion in March following a surge in merchandise imports, government data showed.

* India's wholesal

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.22 percent on Thursday trading session against basket of six major currencies as US President Donald Trump said dollar was “getting too strong” and he would prefer Federal Reserve to keep low interest rates. Additionally, US treasury yield fell on rising geopolitical tension and worries over

Pound strengthens after upbeat wage data - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.07 percent in yesterday’s trading session against basket of six major currencies but remained under pressure after US President Donald Trump said dollar was “getting too strong” and he would prefer Federal Reserve to keep low interest rates. Further, he stated that his administration wo

Buy JPYINR around 59.00 Target 59.50 Stop loss 58.70 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing negative opening, USD/INR futures recovered from lower levels. Selling pressure during the day kept the sentiments bearish throughout the session. Momentum Indicator RSI for 14-day period is poised at 29.08 in the oversold zone indicating some support at lower levels due to short covering. USD/INR could remain volat

USDINR trading range for the day is 64.54-64.95 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.54-64.95.

*Rupee dropped as investors moved away from local stocks after remained supported recently on rising geo-political worries over North Korea and Syria.

*RBI released a discussion paper on a proposal to set up "differentiated banks" in the form of wholesale and long-te

EURINR spot is expected to trade sideways to higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot traded in a volatile manner in yesterday’s trading session. It started off on a lower note however ended lower by 0.05 percent. Reason behind the same could be attributed to the ongoing global tensions which prompted traders to play safe and refrain

Buy GBPINR around 80.60 Target 81.00 Stop loss 80.30 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing gap up opening, USD/INR futures failed to sustain at higher levels and traded down. Selling pressure during the day kept the sentiments bearish throughout the session. Momentum Indicator RSI for 14- day period is poised at 24.72 in the oversold zone indicating some support at lower levels due to short covering. USD/

JPYINR trading range for the day is 58.23-58.78 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.39-64.96.

*Rupee strengthened on likely FII inflows into local stocks ahead of key corporate earnings releases later this week.

*India's inflation is seen climbing to within touching distance of the Reserve Bank of India's 4 percent medium-term target in March.

*India

EURINR traded higher recovering from lows with support near 68.30 - LKP Sec

USDINR

•    USDINR traded higher paring two day’s losses witnessing support near 64.30/20 range. Prices ended positive at 64.6925 for the day supported by stronger dollar index.

•    The dollar index, a trade-weighted basket of the greenback against its major rivals rose to near a one-month high o

JPYINR trading range for the day is 57.72-58.5 - Kedia

USDINR

USDINR trading range for the day is 64.3-64.93.
Rupee dropped as dollar remained supported after increased geo-political risks and higher chances of a tighter US monetary policy.
RBI released a discussion paper on a proposal to set up "differentiated banks" in the form of wholesale and long-term finance banks to fund larg

Buy USDINR around 64.70 Target 65.00 Stop loss 64.55 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing continues selling pressure in last few sessions, USD/INR futures today traded with positive bias throughout the session. Short covering during the day kept the sentiments firm throughout the session. Momentum Indicator RSI for 14-day period is poised at 24.94 in the oversold zone indicating some support at lower lev

JPYINR spot is likely to trade higher - Angel Broking

Indian rupee

The Indian Rupee spot depreciated by 0.49 percent yesterday as the ongoing global tensions has prompted traders to play safe and refrain from making any risky investment bets. Due to the same reason, even the domestic markets i.e. Sensex and Nifty ended in red. Moreover, recent comment by the US Fed official on US monetary policy tighteni