GBPINR corrected sharply after trading below channel resistance for major part of last week - Motilal Oswal

USDINR:

Last week the important RBI policy statement was released and in line with expectation the central bank held rates unchanged but lowered its forecast for inflation for this year. Maintaining a “neutral” policy stance the RBI wanted more evidence and said it would want to wait more to be sure that inflation will remain subdued. The

Yen moved lower against USD - JRG Sec

USDINR

Rupee closed more or less unchanged against USD on Friday as markets continued their sideways range bound price action yet again. With the RBI policy decision behind them now, markets are looking forward to the US fed monetary policy decision this week. The meet, scheduled for this Wednesday can end the sideways price action in the near term. W

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated by 0.25 percent as markets discounted the release of RBI Monetary Policy Statement where the key interest rates were kept unchanged and the forecast for inflation in the coming months were also reduced. Reason behind this unchanged mov

Dollar off highs but remains supported as sterling slumps - GEPL

Dollar off highs but remains supported as sterling slumps

Market Commentary

* After the Hung parliament result in UK election, sterling last traded at 1.2743, little changed on the day, after sliding 1.7 percent on Friday, its biggest one-day drop in about eight months.

* May is now trying to unite a

USDINR trading range for the day is 64.21-64.57 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.21-64.57.

* Rupee depreciated on selling by oil importers and on expectations the Reserve bank of India may cut rates in August tracking fall in inflation.

* India's central bank kept its benchmark interest rate unchanged

Sell GBPINR FUT 82.50-82.65 TGT 81.95 SL 82.77 - Karvy

USDINR Intraday Outlook

Ahead of the testimony, investors feared that Comey’s testimony could engulf the Trump administration in further political scandals, delaying the administration's plans to implement economic initiatives such as tax reform intended to boost the economy but this did not happen and Comey testified that President Trump was

Sterling down as UK elections pointed to a hung parliament - GEPL

Sterling down as UK elections pointed to a hung parliament

Market Commentary

* The pound fell sharply in early trade on Friday after a British election exit poll showed Prime Minister Theresa May's Conservative Party falling short of a majority, likely resulting in a hung parliament.

* If the ex

USDINR spot is likely to appreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.26 percent as markets discounted the release of RBI Monetary Policy Statement where the key interest rates were kept unchanged as expected and the forecast for inflation in the coming months were also reduce

JPYINR trading range for the day is 58.23-59.15 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.19-64.73.

* Rupee appreciated on buying for foreign banks and on hopes of a rate cut by RBI in near term after it lowered inflation projections.

* The Monetary Policy Committee kept the repo rate unchanged on uncertainty regar

Sell GBPINR FUT 83.75-83.80 TGT 83.35 SL 83.95 - Karvy

 USDINR Intraday Outlook

US dollar index is trading at 96.70, remains afloat against a basket of currencies. There are no major economic reports published yesterday. Even today the calendar remains light the only data which be reported today is Weekly jobless claims. India's central bank kept its key interest rate unchanged at 6.25 percent on

The pound settled higher yesterday - JRG Sec

USDINR

Rupee closed marginally higher against USD in yesterday’s trade with the RBI maintaining the interest rates as they are, though the SLR (Statutory Liquidity Ratio). While there were some gains in rupee after the policy decision, they were only marginal as expectations were for the rates to be unchanged. The technical picture for the near

JPYINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.02 percent as markets discounted the release of RBI Monetary Policy Statement where the key interest rates were kept unchanged as expected and the forecast for inflation in the coming months were also reduc

GBPINR trading range for the day is 83.04-83.65 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.33-64.77.

* Rupee gained after RBI in its monetary policy meeting lowered its inflation projections for the current financial year.

* The Monetary Policy Committee kept the RBI's repo rate unchanged at 6.25% on uncertaint

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

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.12 percent as markets remain cautious ahead of the RBI Monetary Policy Meeting that is scheduled to be released later in the day. With the incoming weak economic datasets from the nation, markets are expect

USDINR moved marginally higher as expected in yesterday - JRG Sec

USDINR

USDINR moved marginally higher as expected in yesterday’s trade with the rupee weakening against USD. The RBI monetary policy meet today can probably decide if there would be further weakness in rupee or not. Expectations are for a hold on rates, with majority expecting no rate cuts, though they are expecting that RBI would ease its stance

We expect JPYINR to trade up with support at 58.90/58.60 - LKP Sec

USDINR

News & Analysis

* USDINR traded steady later recovered ahead of RBI policy meet with expectations of central bank may have bought dollars via state run landers to mop up the inflows. Prices are trading higher near 64.67 with opening trade.

* The dollar index .DXY, which tracks the greenbac

Demand for safe haven improved ahead of three major events - Sharekhan

US Dollar Index (DX):

US Dollar declined by 0.17 percent in yesterday’s trading session against basket of six major currencies on the back of disappointing economic data from US and worries over engulfing political turmoil in US. Demand for safe haven improved as investors remained cautious ahead of UK election and European Central Bank policy m

EURINR trading range for the day is 72.56-72.92 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.39-64.73.

* Rupee traded with little change as investors await the Reserve Bank of India's monetary policy meeting outcome.

* RBI will likely strike a less hawkish tone while leaving interest rates unchanged at a policy m

Buy EURINR FUT 72.69-72.65 TGT 72.95 SL 72.55 - Karvy

USDINR Intraday Outlook

US dollar index is trading at 96.71, rebounding from 96.61 which more than a 7 weeks low after NPF was reported lower than expected on Friday. Then on-manufacturing ISM index dropped to 56.9 from 57.5 a s factory orders and durable goods declined. After the miss in Nonfarm Payrolls, slower service-sector growth did not catch anyone by surprise,

Dollar steadies ahead UK vote, Comey testimony and ECB decision - GEPL

Dollar steadies ahead UK vote, Comey testimony and ECB decision

Market Commentary

* The dollar steadied against a basket of currencies on Monday, recovering from a near a seven‐month low hit on Friday, as investors turned their focus to this week's impending European Central Bank meeting and a parliamen

The pound edged slightly higher on Monday - JRG Sec

USDINR

Rupee continued the sideways price action against USD yesterday also, as was expected ahead of the RBI monetary policy meet tomorrow. Also the US Fed is scheduled to announce its own monetary policy next week. As such the consolidation in rupee is quite understandable. While there isn’t much that we can read from the charts, there is a sli

USDINR trading range for the day is 64.4-64.64 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.4-64.64.

* Rupee appreciated on buying by exporters amid weak dollar following dismal US jobs data.

* The Reserve Bank of India-led Monetary Policy Committee may soften its tone on inflation concerns flagged in previous policy