EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated marginally by 0.05 percent tracking losses in the Asian markets as major markets (UK, US and China) were closed which led to thin trading volumes. Furthermore, persistent buying of the dollar by importers and ba

Euro ended lower against USD - JRG Sec

USDINR

USDINR settled on a marginally bullish note on Friday with dollar sales by FII’s suggested as a possible reason by forex dealers. While the close on Friday was on a bullish note for the rupee, there can be some weakness in today’s trade given the fact that the dollar index is trading higher on account of a better than expected readin

GBPINR spot (CMP-82.81) is expected to trade lower - Angel Broking

Rupee

* Last week, USDINR spot appreciated marginally by 0.09 percent owing to fresh selling of the US Dollar by exporters and banks.

* Dovish stance in the recent FOMC meeting minutes acted in favour of Asian markets including India thereby providing support to the Indian Rupee.

* Domestic markets i.e. Sensex and Nifty traded highe

SELL GBPINR FUT 82.85-82.90 TGT 82.50 SL 83.00 - Karvy

USDINR Intraday Outlook

USdollarindexistradingat97.43,reboundingfromthelowerlevelsof96.97inFriday’ssessionafterQ1GDPnumberswerereportedbetterthanexpected.U.S.Q1GDPwasrevisedhighertoa1.2%growthrateversusthe0.7%paceintheAdvancereport.That'smuchbetterthanexpected,withmostcomponentsbumpedup.Consumptionwasnudgedupto0.6%from0.3%.The10.4%jumpinbusin

JPYINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated marginally by 0.09 percent owing to fresh selling of the US Dollar by exporters and banks. Dovish stance in the recent FOMC meeting minutes acted in favor of Asian markets including India thereby providing support to the Indian Rupee. D

EURINR trading range for the day is 72.43-72.94 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.54-64.97.
*Rupee appreciated for third straight day, trading over one-week low on likely buying on foreign banks amid overseas inflows into local stocks.
*RBI outlined the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country's banks.
*India

Buy JPYINR around 58.20 Target 58.60 Stop loss 57.90 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed gap down opening and traded with bearish sentiments throughout the trading session due to profit booking from traders. Technically, It failed to breach resistance of downward sloping trend channel and settled below the same. Momentum Indicator RSI for the 14-day period is poised at 43.04 on Daily charts ind

Respite in dollar move due to weakness in commodity currencies - GEPL

Respite in dollar move due to weakness in commodity currencies

Market Commentary

* The dollar steadied against a basket of major currencies on Thursday, a day after Federal Reserve minutes that dialed down some expectations of the central bank hiking interest rates soon. Commodity currencies got off to a shaky

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.31 percent in the yesterday’s trading session owing to fresh selling of the US Dollar by exporters and banks. Dovish stance in the recent FOMC meeting minutes acted in favor of Asian markets including India thereby providing support to the In

USDINR trading range for the day is 64.59-65.15 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.59-65.15.

*Rupee appreciated on likely buying on foreign banks and after minutes of Federal Open Market Committee hinted of gradual rate increase.

*The minutes showed that some central bankers were still watching for evidence that a recent slowdown in growth is temporary.

*Mea

Dollar plunges after FOMC meeting minutes - Sharekhan

Dollar plunges after FOMC meeting minutes

US Dollar Index (DX):

US Dollar depreciated by 0.12 percent in yesterday’s trading session against basket of six major currencies on the back of downbeat economic data from US. US Existing home sales declined by 2.3 percent to 5.57M units in April. Further, US Fe

USDINR closed indecisively yesterday with markets opening flat - JRG Sec

USDINR

USDINR closed indecisively yesterday with markets opening flat and maintaining a bullish stance for most part of the day before falling back and ending with marginal losses. The close yesterday turns the markets a bit indecisive. Once again the move lower was not accompanied with volumes, which were lower than the previous day when markets moved

BUY JPYINR FUT 57.70-57.75 SL 57.60 TGT 58.10 - Karvy

USDINR Intraday Outlook

USdollarindexistradingat96.83,afterbeingtoppedat97.38inyesterday’ssessionpostFOMCmeetingminuteswaspublished.FOMCmeetingminutesfromMay2-3meetinghasshowedthatmostFedofficialssawtighteninglikelytobeappropriateassoonasconsumerspendingrebounds,afewpolicymakerswereworriedthatprogressoninflationhasslowed.Assuch,theyfeltthatitwasp

Dollar slips after Fed minutes, Euro resumes bull run - GEPL

Dollar slips after Fed minutes, Euro resumes bull run

Market Commentary

* The U.S. dollar slipped on Wednesday, after minutes of the latest Federal Reserve meeting showed policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory. T

GBPINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.18 percent in the yesterday’s trading session owing to fresh selling of the US Dollar by exporters and banks. Domestic markets i.e. Sensex and Nifty traded higher on account of positive fundamentals with GST Tax seen getting implemented and m

Sell JPYINR around 58.20 Target 57.50 Stop loss 58.50 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures faced resistance at higher levels and traded with bearish sentiments due to profit booking from traders. Technically, It took good support of upward sloping trend line and settled above the same which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 49.78 on Daily charts ind

EURINR trading range for the day is 72.26-72.83 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.62-65.08.

*Rupee appreciated on buying by private banks and foreign banks for exporters.

*India's industrial output rose 2.7 percent in March from a year earlier, government data showed.

*India's wholesale prices rose 3.85 percent year-on-year in April, government dat

Euro surges on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.38 percent in yesterday’s trading session against basket of six major currencies on short coverings. However, sharp gain was prevented on political turmoil and worries over delay in Trump’s efforts to implement his economic stimulus plans. Further, traders remained cautious ahead of FOMC mee

Dollar firm after bounce from 6-1/2 month lows, focus shifts to Fed - GEPL

Dollar firm after bounce from 6-1/2 month lows, focus shifts to Fed

Market Commentary

* The dollar held firm early on Wednesday, having rebounded from 6-1/2-month lows against its major peers thanks to a rise in U.S. Treasury yields, with focus now turning towards the Federal Reserve's monetary policy stan

Buy USDINR around 64.80 Target 65.10 Stop loss 64.65 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed positive opening and traded with firm sentiments throughout the session due to buying support from traders. Technically, It took good support of upward sloping trend line and settled above the same which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 53.40 on Dai

JPYINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot depreciated by 0.60 percent in the yesterday’s trading session owing to geo-political tensions in the global arena. A spokesman for the Indian Army stated that military raids were launched into a Pakistan-controlled part of Kashmir to destroy camps hosting te

GBPINR trading range for the day is 83.77-84.59 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.54-65.14.

* Rupee fell sharply on report that Indian army had undertaken punitive fire assaults across the Line of Control.

* However rupee was already trading down on FII outflows from local stocks following the terrorists a

Yen traded indecisively against USD and ended flat - JRG Sec

USDINR

Rupee closed marginally strong yesterday though the close suggested indecision in the markets. Once again markets gapped open and maintained a sideways to lower stance initially. However, as has been the case recently, there weren’t much volumes to support the action and eventually rupee surrendered the marginal gains and closed above its