Euro advances after ECB president Draghi speech - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.50 percent in yesterday’s trading session against basket of six major currencies on the back of mixed batch of economic data from country. Further, rising political tension after a report that U.S. special counsel Robert Mueller was investigating transactions tied to President Trump and some of his a

USDINR spot is likely to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee depreciated by 0.19 percent despite lower US Dollar Index. Reason behind the same could be attributed to weak trading in Asian market currencies which influenced the Indian Rupee too. Markets are worried about amid greater political uncertainty acros

USDINR trading range for the day is 64.31-64. - Kedia Commodity

USDINR

* USDINR trading range for the day is 64.31-64.6.

* Rupee weakened against the dollar on selling importers amid strong greenback and lack of fresh triggers.

* Indian banks taking 12 of the country's largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at leas

JPYINR spot is expected to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated marginally by 0.02 percent despite strong US Dollar Index. Reason behind this strength could be attributed to the increased expectation of a rate cut by RBI in the upcoming Monetary Policy Meeting. According to a Reuters’ poll, Ind

EURINR trading range for the day is 74.1-74.43 - Kedia

USDINR

* USDINR trading range for the day is 64.31-64.48. 

* Rupee traded in range on likely foreign institutional investor fund inflows into local stocks and likely dollar buying by RBI to curb further appreciation.

* India will reclaim its position as the fastest growing major global economy this year, partly propelled by ben

GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated by 0.10 percent on account of weak US Dollar Index on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year. On the domestic front, sustained selling of the US Dollar by exporters and

GBPINR trading range for the day is 83.35-84.8 - Kedia

USDINR

* USDINR trading range for the day is 64.36-64.48.

* Rupee traded in range on dollar buying by nationalised banks amid overseas fund outflows from local stocks.

* Investors risk appetite improved on rising expectations that the Federal Reserve will take a more cautious approach to raising interest rates.

* Indian ba

Euro up on expectation of monetary tightening - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.03 percent in yesterday’s trading session against basket of six major currencies as disappointing economic data raised the doubt about US economic growth and whether Federal Reserve will raise interest rate in 2017. In Intraday Dollar Index touched a low of 95.018 and closed at 95.128 against Dollar

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated marginally by 0.07 percent on account of weak US Dollar Index on strong Chinese economic data and doubts that the Federal Reserve would raise interest rates again this year. On the domestic front, sustained selling of the US Dollar by e

JPYINR trading range for the day is 57.11-57.48. - Kedia

USDINR

* USDINR trading range for the day is 64.36-64.53.

* Rupee ends near five-week high on likely buying by foreign banks on behalf of overseas investors.

* There is expectation of a possible rate cut by the Reserve Bank of India at the August policy amid buying by provident funds and insurance companies.

* India's

EURINR spot (CMP - 73.75) is expected to trade higher - Angel Broking

Rupee

In the last week, the Indian Rupee spot strengthened by 0.35 percent owing to:

* Weak US Dollar Index which fell by 0.90 percent in the last week on account of dovish outlook given by the US Fed Chair in her recent testimony for the US interest rates thereby giving a chance to the emerging markets to enjoy investor’s attention.

USDINR spot is likely to strengthen - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, the Indian Rupee appreciated by 0.35 percent on account of weak US Dollar Index which almost fell by 0.90 percent. Reason behind this could be attributed to the dovish outlook given by the US Fed Chair in her recent testimony for the US interest rates thereby

USDINR trading range for the day is 64.47-64.62 - Kedia

USDINR

* USDINR trading range for the day is 64.47-64.62.

* Rupee traded in range on intervention by the Reserve Bank of India in the forex market and uptick in US Treasury yields post upbeat US economic data.

* India's wholesale prices further eased to 0.9 percent year-on-year in June, government data showed, in line with the decline in retail

JPYINR trading range for the day is 57-57.3 - Kedia Commodity

USDINR Trading Ideas for the Day

* USDINR trading range for the day is 64.39-64.66.

* Rupee gained after the consumer inflation rate eased to its lowest in five years, cementing hopes for a cut in interest rates in August.

* India's industrial output grew 1.7 percent in May from a year earlier, g

US dollar will hinge on the legishlative developments - IIFL

FX

US dollar will hinge on the legishlative developments, where Republicans are endeavouring to replace Obamacare with a new healthcare boll. Meanwhile, Yen will drive cues from the BOJ policy meeting next week, where the central bank is expected to upgrade its economic growth forecasts but trim inflation projections . In the emerging markets, Brazilia

Dollar tumbles on Trump eldest son email chains - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.03 percent in yesterday’s trading session against basket of six major currencies as traders remained cautious ahead of US inflation data and rising political uncertainty in US. However, sharp downside was prevented as US Fed Chair Yellen signaled gradual rate hike. She said US economy is healthy to

JPYINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot traded on a flat note as bearish American currency post the dovish statement by the US Fed Chair and the email debacle involving Donald Trump Jr and a Russian lawyer led support to the Indian Rupee. Furthermore, persistent selling of the US Do

The central bank is relatively optimistic about its economy - IIFL

FX

US dollar moved to thirteen month low against Loone, as Canadian central bank hiked interest rates by 25 bps, the first time in seven years . The central bank is relatively optimistic about its economy , stating that there is no more need for monetary aid. British Pound traded in a narrow range , influenced by mixed macro numbers . Althought job cre

GBPINR trading range for the day is 82.74-83.63 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.58-64.76.

* Rupee gained against the dollar on likely position building ahead of India's June retail inflation data.

* Support also seen after Federal Reserve Governor Lael Brainard said another rate hike is unnecessary am

JPYINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot strengthened by 0.15 percent as bearish American currency post the email debacle involving Donald Trump Jr and a Russian lawyer led support to the Indian Rupee. Furthermore, persistent selling of the US Dollar by exporters and banks provided st

FX outlook: No radical turning of tide - Kotak Sec

FX outlook: No radical turning of tide.

The recent hawkish rhetoric of DM central banks has again reminded markets of the impending global financial tightening. But we are far from another taper tantrum and expect low inflation to constrain the pace of DM policy tightening. We do not expect the recent DXY weakening to sustain and expect marginal catch

The policy normalization process should begin much before inflationary pressure exceeds its target - IIFL

FX

Euro surged towords 1.5 level against the greenback,as market pariticipants remain confident regarding prospects of tapering in ECB’ s bond purchases and a rate hike in the second half of next year. Pound struggled despite a recovery in British retail sales during the second quarter. It seems dispping business confidence levels due to uncertai

Dollar tumbles on Trump eldest son email chains - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.37 percent in yesterday’s trading session against basket of six major currencies after US President Donald Trump eldest son released an email chain citing Russian support for last year’s US election. He acknowledge that he was told before the meeting that the lawyer had potentially damaging in