EURINR spot is expected to trade lower - Angel Broking

Euro

Last week, Euro currency spot plunged by 0.58 percent (EURUSD) and 1.58 percent (EURINR) owing to:

* The four hour French presidential debate was a cue to the market literates that majority of the candidates were Euroskeptic.

* Moreover, the recent election polls show that the gap between the candidates was narrowing which has

Sell USDINR around 64.50 Target 64.20 Stop loss 64.65 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures continued to trade lower in 3rd consecutive session. Selling pressure during the day kept the sentiments negative throughout the session. Momentum Indicator RSI for 14-day period is poised at 15.16 in the oversold zone indicating some support at lower levels due to short covering. Rise in volume in selling indicating

GBPINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee appreciated by 0.90 percent in the last week owing to the release of first Bi-Monthly Monetary Policy review where the RBI kept the borrowing rates unchanged at 6.25 percent however hiked reverse repo rate by 25 basis points to 6 percent in a bid to drain exce

JPYINR trading range for the day is 57.82-58.98 - Kedia

Currency Update 

USDINR

* USDINR trading range for the day is 63.99-65.06.

* Rupee hit a more than 1-1/2 year high after RBI held its policy rate and expressed concerns about inflation, raising expectations it would no longer cut rates this year.

* The RBI held the repo rate at 6.25 pe

Currency Monthly Update - Angel Broking

Indian Rupee

USDINR spot which is currently trading at 64.40 levels while writing, appreciated by around 2.98 percent in March’17. Reason behind this surprising uptrend in rupee was mainly domestic in nature. The demonetization move has left more funds in the hands of banks than the RBI which has kept the latter away from market intervention, so

Rupee near 20 month high against Dollar - Sharekhan

US Dollar Index (DX):

US Dollar improved by 0.11 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US. Number of people filing for jobless claims declined by 25000 to 234K for week ending 1st April. However, sharp gain was capped as investors remained cautious ahead of two day

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.41 percent yesterday as markets discounted the release of first Bi-Monthly Monetary Policy review where the RBI kept the borrowing rates unchanged at 6.25 percent however hiked reverse repo rate by 25 basis points to 6 percent in a bid to drain excess liquidity fr

Sell EURINR around 69.20 Target 68.70 Stop loss 69.45 - Tradebulls Sec

USD/INR FUTURE VIEW

After resuming bearish sentiments in last trading sessions, USD/INR futures continue to trade lower in intraday session. Selling pressure during the day kept the sentiments negative throughout the session. Momentum Indicator RSI for 14-day period is poised at 17.41 in the oversold zone indicating some support at lower levels due to

GBPINR trading range for the day is 80.04- 81.92 - Kedia

USDINR

*  USDINR trading range for the day is 64.33-65.45.

*  Rupee gained after India's central bank kept its main lending rate unchanged.

*  RBI keeps repo rate unchanged at 6.25 percent, raises reverse repo rate to 6.00 percent # India's private sector growth accelerated in March, underpinned by an upswing

JPYINR spot will likely trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.31 percent in yesterday’s trading session owing to sustained selling of the American currency by exporters and banks. Domestic markets i.e. Sensex and Nifty traded mostly in green which added further support to the Indian currency. Sturdy foreign flow trend

Sell USDINR around 65.30 Target 65.10 Stop loss 65.45 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing firm sentiments in last couple of trading sessions, USD/INR futures faced resistance at higher levels in intraday session. Selling pressure during the day kept the sentiments negative throughout the session. Momentum Indicator RSI for 14-day period is poised at 20.87 in the oversold zone indicating some support at l

JPYINR trading range for the day is 58.5-59.3 - Kedia Commodity

USDINR

*  USDINR trading range for the day is 64.89-65.45.

*  Rupee appreciated on likely foreign investor inflows into local debt even as investors await the release of RBI-MPC policy statement tomorrow and FOMC minutes.

*  Activity in India's manufacturing sector expanded at the fastest pace in five months in Ma

Euro plunges on disappointing economic data - Sharekhan

US DOLLAR INDEX (DX)

US Dollar improved by 0.02 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US. ADP Non-Farm Employment change data showed that private employers added 263000 jobs in March compared to 245000 in preceding month. However, sharp gain was capped as investors r

GBPINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

With currency markets closed yesterday, the USDINR spot depreciated by 0.17 percent on Monday as investors remain cautious ahead of the RBI monetary policy meeting which is scheduled to be held tomorrow. Markets expect no change in the monetary stance. Recently, the RBI board

Yen advance on safe haven demand - Sharekhan

US DOLLAR INDEX (DX)

US Dollar ended flat in yesterday’s trading session against basket of six major currencies as investors remained cautious ahead of meeting between Chinese President Xi Jinping and U.S. President Donald Trump and FOMC meeting minutes. Upbeat economic data supported Dollar. US trade deficit narrowed more than expectation in Fe

USDINR trading range for the day is 64.73-65.52 - Kedia Commodity

USDINR

*  USDINR trading range for the day is 64.73-65.52. 

*  Rupee hit its highest in nearly 1-1/2 years, after strong foreign buying in domestic markets. 

*  India manufacturing PMI at 5-month high; rises to 52.5 in March from 50.7 in February 

*  RBI will keep interest rates unchanged

JPYINR: Down trend resumes - Sharekhan

USDINR: More fall on the cards

USDINR is trading in a falling channel, and the break of the falling trendline can result in some pull-back. But, as long as the swing high of Rs65.60 is not surpassed, the rise may be a countertrend rally and fresh long position should not be created. The daily and weekly momentum indicators are in a ‘sell’ m

Sell NSE USDINR April between 65.20 – 65.30, SL – 65.50, Target – 64.70 / 64.60 - Angel Broking

NSE USDINR April (CMP – 65.0525)

NSE USDINR April as seen in the weekly chart above has opened the week with gap down at 65.48 levels and at the starting of the week as expected prices have corrected sharply and made a weekly low of 64.9575 levels. This week prices have closed below the previous week’s closing of 65.6275 levels and finally

Rupee touched a high of 64.80 and closed at 64.85 against Dollar - Sharekhan

US DOLLAR INDEX (DX)

US Dollar depreciated by 0.06 percent on Friday’s trading session against basket of six major currencies on the back of downbeat economic data from US and dovish statement from Fed official. New York Fed President William Dudley said central bank was in no rush to tighten monetary policy. Further, US consumer spending data in

GBPINR spot is likely to trade - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, the Indian Rupee traded flat as India’s economic fundamentals looks strong which has prompted the foreign investors to park their funds in rupee denominated assets. Foreign institutional investors have bought $4.86 billion and $3.09 billion from local equity and debt ma

USDINR has immediate resistance at 65.25/65.40 - LKP Sec

USDINR

News & Analysis

* USDINR traded lower continuing the down streak for the second day. Prices ended at 65.10 for the day keeping the choppy trading range.

* The dollar index, which measures the greenback against a basket of six major currencies, was up 0.1 percent at 100.100 after rising ove

JPYINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot traded on a flat note in yesterday’s trading session as traders avoided taking long positions ahead of the end of the fiscal year 2017. Domestic markets i.e. Sensex and Nifty were mostly higher after the LokSabha house passed four Bills, relating to the implem

EURINR trading range for the day is 69.87-70.33 - Kedia Commodity

USDINR

*USDINR trading range for the day is 65-65.24.

*Rupee traded in range on buying by nationalized bank on behalf of the oil importers and suspected RBI intervention to prevent appreciation.

* Also the greenback continued the rally against its major player tracking the weakness in the euro, pound as a reaction to the Brexit proc

Pound plunged as PM May triggers Brexit - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.29 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US and hawkish statements from Fed officials. US Pending home sales improved by 5.5 percent in February compared to the expectation of 2.4 percent. Fed Member Charles Evans said