Currency Trading Tips For 19th Nov 2013 - Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The Indian rupee notched up its biggest single-day gain in nearly seven weeks , buoyed by hopes strong foreign fund flows would support local markets as global risk assets got a boost from China's ambitious economic reforms agenda and monetary stimulus in the United States looked set to continue.

$ M

We expect the USDINR may rise towards 62.58 intraday on short covering

Market Review

The Indian rupee traded firm v/s the US dollar tracking decline in US dollarv/s majors and Asian currencies. Gains in local indices also supported thelocal currency. The benchmark Nifty index rose over 132 points to close at6189 and the BSE benchmark Sensex closed the day higher by 451.32points at 20,850.74. The positive market sentiment was triggere

Currency Outlook For 19th Nov - Swastika Investmart Ltd

USD INR - Outlook

We expect the rupee to trade on a neutral to positivenote taking cues from upbeat domestic marketsentiments and dollar index shedding its past week’sgains. However, caution will prevail ahead of FedChairman’s speech and FOMC Minutes along withconcerns of QE tapering.

On the technical front, USDINR breached a crucialsupport

Currency Daily Technical Report For 19th Nov 2013 - Angel Broking Pvt Ltd

Dollar/INR

The Indian Rupee appreciated around 0.9 percent yesterday on the backof rising inflow of foreign funds. Further, upbeat domestic marketsentiments supported an upside in the currency. Additionally, relaxing ofeconomic reforms in China coupled with ease in QE tapering concernsafter statement from Federal Reserve nominee Janet Yellen in last weekto continu

Weekly Currency Outlook & Strategy - Angel Broking Pvt Ltd.

Rupee

Outlook

• The Rupee is expected to appreciate during the week as a result of expectations of measures to betaken by the Reserve Bank of India. Further, upbeat market sentiments along with weakness in theDX will act as a positive factor for the currency.

• However, dollar demand from importers will cap sharp ga

Currency Trading Tips For 18th Nov 2013 - Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ Asian share markets were set to bounce on Thursday after Federal Reserve Vice Chair Janet Yellen said the Fed has "more work to do" to help the economy, spurring U.S. stocks higher and putting the dollar on the defensive.

$ Oil futures on both sides of the Atlantic rose more than 1 per barrel o

Currency Daily Technical Report For 18th Nov 2013 - Angel Broking Pvt Ltd

Dollar/INR

On a weekly basis, Indian Rupee depreciated around 0.8 percent on theback of rise in retail and wholesale inflation data from the country.Further, less than expected rise in industrial production andmanufacturing data from the country coupled with dollar demand fromimporters exerted downside pressure on the currency. Additionally,expectations of shutdow

Weekly Forex Report As On 18th Nov to 22nd Nov.2013 - Swastika Investmart Ltd

USD INR  

Rupee gained 0.26 percent against the dollar in futures on Thursday and closed at 63.50. The spot rate is currently at 63.11.  

Dollar Index is hovering around the 81 mark extending gains as a result of dovish remarks from Janet Yellen. It closed at 80.81. 

The U.S. trade deficit widened more than expected

Currency Trading Tips For 14th Nov 2013 - Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The Indian rupee rose , snapping a five-session losing streak, as the central bank stepped in to calm markets, saying that it would not rush with tapering its oil dollar swap window.

$ The dollar held firm , staying near a two-month high against the yen as investors bet that the U.S. Federal Reserve is o

Currency Outlook For 14th Nov - Swastika Investmart Ltd

USD INR - Outlook

We expect the rupee to trade on a neutral to positivenote due to slight weakness in dollar index and betterthan expected trade data of India.

On the technical front, a bearish engulfing candlestickpattern is seen on the daily chart and it is likely thatUSDINR will fall till the immediate support level of 63.39below whi

Currency Daily Technical Report For 14th Nov 2013 - Angel Broking Pvt Ltd

Dollar/INR   

The Indian Rupee appreciated around 0.6 percent in yesterday’s trading session. The Rupee appreciated on the back of selling of dollars by exporters and state run banks. Further, rising inflow of foreign funds supported an upside in the currency. Additionally, statement from Reserve Bank of India (RBI) Governor Raghuram Rajan tha

Currency Outlook For 13th Nov - Swastika Investmart Ltd

USD INR

We expect the rupee to trade on a negative note today on account of strength in dollar index, poor manufacturing and inflation data from  India, weak domestic and Asian markets and shift of demand of OMCs to the market.    

On the technical front, USDINR closed above the crucial resistance of 63.97 mark and is headed tow

Currency Trading Tips For 13th Nov 2013 - Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The Indian rupee fell to a near nine-week low on Tuesday, extending its losses for a fifth session, on the back of continued greenback  demand from importers amidst a strengthening U.S. currency in global markets.

$ The euro clung on to modest gains early in Asia after a lacklustre overnight session

If the market breaks the 63.90 level, then we may see a healthy correction

Market Review

The Indian rupee weakened further against the backdrop of weaker equities. The Nifty fell over 60 points to close at 6018.05 while the  SENSEX dropped over 209 points to settle at 20281.91. Weak European stocks trigger some selling interest in local shares during the  evening session. In Europe benchmark indices, DAX and CAC index fell over

Currency Daily Technical Report For 13th Nov 2013 - Angel Commodities Pvt Ltd

Dollar/INR  

The Indian Rupee depreciated around 0.7 percent in yesterday’s trading session. The Rupee depreciated on the back of dollar demand  from importers. Further, weak domestic market sentiments along with strength in the DX exerted downside pressure on the currency.   

In the later part of the trade, expectati

One can look for selling JPYINR near 64.20 level

Market Review

The Indian rupee stayed weaker v/s the US dollar yesterday tracking weak performance of local stocks despite a decent gain in regional  market. However, the local currency covered some lost ground during the evening session. At the interbank market, the Indian rupee closed  at 63.24 v/s the US dollar after posting a low of 63.44 mid-day.&nb

Currency Trading Tips For 12th Nov 2013 - Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The U.S. dollar held near two-month highs against a basket of major currencies early in Asia , having staged a broad rally  after upbeat U.S.  jobs data bolstered the case for the Federal Reserve to scale back stimulus as early as next month.

$ Brent oil rose by nearly $2 per barrel as traders

Currency Daily Technical Report For 12th Nov 2013 - Angel Commodities Pvt Ltd

Dollar/INR  

The Indian Rupee depreciated by more than 1 percent in yesterday’s trading session. The Rupee depreciated on the back of more than    expected rise in country’s trade balance data. Further, weak domestic market sentiments along with uncertainty over the QE tapering by Federal Reserve exerted downside pressure on th

Weekly Currency Outlook & Strategy - Angel Commodities Pvt Ltd

Rupee

Outlook

• The Rupee is expected to depreciate during the week as data is expected to show an increase in inflation, the core concern on the Indian  economic front. Also, worries over a credit rating cut could also add pressure on the currency. However, the only respite to the Rupee could be  seen if industrial produ

In cross pairs, we may see selling pressure in EURINR and GBPINR at higher levels

Market Review

The Indian rupee closed off day’s low v/s the US dollar on Friday to close  at 62.47 from its previous session’s closing of 62.41. The local  unit was at low of 62.74 intraday before PSU banks started selling US dollar. In the forward trading, the one year USDINR fwd premium  closed at 7.83% against 7.78% on Thursday. 

Currency Trading Tips For 11th Nov 2013 - Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The Indian rupee fell to post its worst week in 2-1/2 months, tracking a weaker euro after a surprise rate cut by the European Central Bank and as state-run oil refiners started sourcing dollars in spot markets.

$ Asian shares slumped to a three-week low after Wall Street suffered its biggest fall in mor

Currency Daily Technical Report For 11th Nov 2013 - Angel Commodities Pvt Ltd

Dollar/INR  

The Indian Rupee depreciated by more than 1 percent in the last week on the back of warning by S&P credit rating agency to cut the India’s credit rating to BBB- from A-3 with a negative outlook, if the new government fails to reverse India’s low growth. Also expectations of shutdown in swap window by RBI created for OMC&rsquo

Currency Trading Tips For 8th Nov 2013 - Ambalal Shares and Stocks Pvt Ltd

USD/INR

COMMENTARY:

$ The Indian rupee fell to a more than five-week low after Standard & Poor's said the country may face a rating downgrade next year if the new government fails to revive economic growth and on reports that oil refiners have resumed buying some of their dollar requirements from the market.

$ The eur