Weekly Currency Outlook & Strategy 3rd March 2014 - Angel Broking Pvt Ltd

Rupee

Outlook

• We expect Indian Rupee to depreciate on the back of dollar demand from oil refiners and its firms.

• Further, weak global market sentiments coupled with strength in the DX will exert downside pressure in the currency.

• Additionally, slow GDP growth of the country for Q3 of 2013 along

Currency Daily Technical Report For 3rd March 2014 - Angel Broking Pvt Ltd

Dollar/INR

On a weekly basis, Indian Rupee appreciated around 0.5 percent on the back of inflow of dollars from sale of offshore bonds. Indian Railway Finance Corp (IRFC) raised about $500 million through sale of offshore bonds and attracted a strong order book of over $3 billion which supported an upside in the currency. Further, rise in domestic market sentimen

Currency Market Update For 3rd March 2014 - LKP Securities Ltd

MCX-SX USDINR Mar 2014

Rupee strengthened to its highest in more than a month boosted by bunched-up dollar inflows and selling by exporters, and aided by gains in the euro, which improved risk appetite. The rupee rose 1.5 percent on the month, its biggest monthly gain since October, after foreign investors bought a net $2.05 billion in debt and stocks in February.

Currency Daily Technical Report For 28th Feb 2014 - Kotak Securities Ltd

USD/INR

On Tuesday, Indian Rupee opened strong, around 61.95/96 levels, as Asian currencies showed marginal uptick against the US Dollar. However, the rally lost fizzle around 61.90 levels, as some state run banks were heard to be buying for large oil marketing companies. Though the spot was ranged between 61.90 and 61.96 on spot, but the premium on first month fu

Currency Market Update For 28th Feb 2014 - LKP Securities Ltd

MCX-SX USDINR Mar 2014

Rupee snapped a three-day winning streak, despite gains in the domestic sharemarket, as month-end dollar demand from importers, particularly oil firms, hurt. The currency to remain range-bound in the near-term in the absence of any major domestic or global triggers. The December quarter growth data due to be released on Friday after market c

Currency Daily Technical Report For 28th Feb 2014 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee depreciated around 0.7 percent on Wednesday. The currency depreciated and erased its losses in later part of the trade on the back of dollar demand from oil refiners and its importers. Additionally, strength in the DX exerted downside pressure on the currency.

In the earlier part of the trade currency appreciated due to inflo

Currency Market Update For 26th Feb 2014 - LKP Securities Ltd

MCX-SX USDINR Mar 2014

Rupee strengthened for a third straight session, its biggest winning streak in two months, as dollar inflows towards an offshore bond sale continued while marginal gains in the domestic share market also aided. Sources said dollar inflows have continued, though in small quantities, helping prevent any falls in the local unit despite dollar d

Currency Daily Technical Report For 26th Feb 2014 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee appreciated around 0.2 percent in yesterday’s trading session. The currency appreciated on the back of inflow of dollars from sale of offshore bonds for second consecutive day. Indian Railway Finance Corp (IRFC) raised about $500 million through sale of offshore bonds and attracting a strong order book of over $3 billion which su

USD-INR: consolidation phase - Sharekahan

USD-INR: consolidation phase

From the high of 68.80 USD-INR had fallen down sharply. Near the end of the fall it has formed an ending diagonal pattern. The pattern has broken out on the upside. However, a significant follow through is yet to take place. The price is consolidating above the upper trend line and is preparing for the next leg up. From short-term pers

Currency Daily Technical Report For 25th Feb 2014 - Kotak Securities Ltd

USD/INR

Yesterday, Rupee gained 5 paise in a low volume day to close at 62:07 on spot. A better than expected economic survey and outlook from Germany triggered a mini rally in the Euro, against the US Dollar and that spilled over into Rupee as well. Rupee touched an intra day high of 61:92/93 on spot but demand from oilers got it back above 62:00 by closing bell.

Currency Market Update For 25th Feb 2014 - LKP Securities Ltd

MCX-SX USDINR Mar 2014

Rupee strengthened for a second straight day, helped by dollar inflows from an offshore bond sale, while gains in the euro and domestic shares also aided sentiment for the local unit. The rupee has also been bolstered by inflows into equities and debt this month, despite concerns about the withdrawal of the U.S. Federal Reserve's monetar

Currency Trading Tips For 25th Feb 2014 - Way2Wealth

USD

USDINR: 62.06

The pair has formed a triangular pattern and it has been consolidating since October in the range of 61 to 61 levels. Now, the range has narrowed down to 63 and 61.50 levels. The pair has now almost reached the lower end of the range; hence the shorts need to watch out. Only if it closes below the lower end of the ran

Currency Daily Technical Report For 25th Feb 2014 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee appreciated around 0.1 percent in yesterday’s trading session. The currency appreciated on the back of inflow of dollars from sale of offshore bonds. Indian Railway Finance Corp (IRFC) raised about $500 million through sale of offshore bonds and attracting a strong order book of over $3 billion which supported an upside in the cur

Weekly Currency Report For 24th Feb 2014 - Kotak Securities Ltd

USD/INR SPOT: The larger range of 60.70/61.00 and 63.50/64.00 is very much intact and the technical structure favours a move towards 63.50/64.00. However, traders need to keep an eye on the behaviour of global equity and credit markets. As a period of significant risk aversion can trigger a move towards 64.00 handle. We can see threat of intervention from central bank increa

Currency Market Update For 24th Feb 2014 - LKP Securities Ltd

MCX-SX USDINR Feb 2014

Rupee rose as foreign fundscontinued to sell dollars to invest in domestic shares, aided by a risk-on sentiment as a survey showing brisk U.S. manufacturing activity helped lift Asian stocks. The Reserve Bank of India will need to continue raising its policy interest rate given the sticky nature of inflation, the International Monetary Fund

Currency Outlook of 24th February 2014 - Swastika Investmart Ltd

USD INR

Rupee gained 0.22 percent against the dollar in futures on Friday and closed at 62.1125. The spot rate is currently at 62.13.

The dollar index breached the crucial 80-mark during the week but marginally gained to claim 80 levels once again. It closed at 80.2560 down 0.04 percent from the previous close.

US existing home sales fell 5.1

Currency Daily Technical Report For 24th Feb 2014 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee depreciated by around 0.5 percent last week on the back of huge dollar demand from state run banks which was to cater the demand of the oil refiners. Further, dollar demand from importers exerted downside pressure on the currency. Also, outflow of foreign funds from equities acted as a negative factor.

However, sharp downside

Currency Outlook of 21st February 2014 - Swastika Investmart Ltd

USDINR: Outlook

We expect the rupee to trade on a negative note against the dollar due to positive economic data from US and strength in the dollar index. However, positive global market sentiments may cap sharp gains in the dollar.

Technical Outlook:

As seen on the intraday chart, USDINR is taking support at a down sloping

Currency Market Update For 21st Feb 2014 - LKP Securities Ltd

MCX-SX USDINR Feb 2014

Rupee recovered after hitting a one-week low as dollar sales by custodian banks aided, but losses in domestic shares and regional peers after minutes from the U.S. Federal Reserve meeting showed it would stick to its tapering schedule prevented further gains. Sources, however, said foreign banks sold dollars on behalf of their clients who ha

Currency Daily Technical Report For 21st Feb 2013 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee traded on a flat note and appreciated marginally in yesterday’s trading session. The currency appreciated on the back of selling of dollars from the custodian banks in later part of the trade.

However, in early part of the trade the currency depreciated due to dollar demand from oil firms and its importers. Additionall

Currency Outlook of 20th February 2014 - Swastika Investmart Ltd

USDINR

We expect the rupee to trade on a negative note against the dollar taking cues from positive outlook of the US Economy by the Fed and strength in dollar index, along with weakness in the world markets. However, poor economic data from US will cap sharp gains in the dollar.

Technical Outlook:

A morning star candlestick