GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot weakened by 0.16 percent as sentiment was hit by hawkish remarks from the Federal Reserve Governor Lael Brainard who advocated a rate hike this year. She stated that the policy committee shall start cutting its $4.5 trillion balance sheet soon a

Bank of Japan is not too upbeat regarding growth - IIFL

FX

Yen hovered around 114 mark against the greenback, as Japanese care machinery orders unexpectedly declined by 3.6% (mom basis) in May. Nevertheless, other recent macro numbers have been relatively positive. In this regard,BOJ Tankan survey showed that large Japanese firms plan to taise their capital spending by 8% this fiscal year, encouraging singn

Dollar firms, rallies to two month high versus Yen - GEPL

Dollar firms, rallies to two month high versus Yen

Market Commentary

* The dollar's advance against its major peers slowed early on Tuesday as a rise in sovereign bond yields paused, with investors awaiting comments from Federal Reserve Chair Janet Yellen due to make a semi-annual testimony before the U.S

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot strengthened by 0.23 percent tracking gains in the Asian market equities after the successful G-20 meet. Also, recent disappointing release of FOMC meeting minutes from the US added support to the Indian Rupee. In the meeting minutes, there was

EURINR spot (CMP - 73.58) is expected to trade lower - Angel Broking

Rupee

In the last week, the Indian Rupee spot strengthened marginally by 0.02 percent owing to:

* The newly adopted tax regime in India i.e. the GST bill has revived positive sentiments on hopes that it shall lead to higher foreign direct investment inflows and boost the economy.

* RBI announced another open market sale of bonds th

Sell NSE USDINR July between 64.90 - 65.00, SL - 65.30, Target - 64.40/64.20 - Angel Broking

NSE USDINR July (CMP – 64.75)

NSE USDINR July as seen in the weekly chart above has opened the week with gap up at 64.8650 levels and on the same day it made a weekly high of 65.12 levels. Later on prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 64.7350 levels. This week prices have closed below th

Europe and US are starting to impact Japanese bond markets - IIFL

FX

US dollar strengthened moderately against Euro and Sterling after the payrolls report, however the ascent was more acute against the Yen. Yen faltered after Bank of Japan reported that it would purchase more bonds in order to keep short-term interest rates low, especially when rising yields in Europe and US are starting to impact Japanese bond marke

EURINR trading range for the day is 73.76-74.3 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.61-64.99.

* Rupee gains against the dollar on buying by foreign banks likely for exporters, remittance flows amid weakness in greenback.

* Support also seen after better than expected cutoff at Reserve Bank of India's wee

USDINR spot is likely to appreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, the Indian Rupee spot strengthened marginally by 0.02 percent owing to persistent selling of US Dollar by exporters and banks. Also, weakness in the American currency post the disappointing release of FOMC meeting minutes from the US added support to the Indi

Dollar advances on upbeat job data - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.22 percent on Friday’s trading session against basket of six major currencies on the back of upbeat job data from US. Job report showed that more than expected jobs were created. As per US Non-Farm payrolls data 222K more jobs were added in the economy. After the bright data traders expect US Federa

Fed has lowered Q2 GDP forecasts to 2.7% from 3% earlier - IIFL

FX

Euro reclaimed 1.14 mark against greenback as minutes of the recent ECB policy meeting revealed that the central bank is open to pare back monetary stimulus gives the fact that economy has garnered momentum. There is an expectation on the streets that ECB will start tapering monthly bond purchases soon, probably from early next year. Euro also remai

JPYINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot strengthened by 0.12 percent owing to persistent selling of US Dollar by exporters and banks. Also, weakness in the American currency post the disappointing release of employment data and FOMC meeting minutes from the US added support to the I

USDINR trading range for the day is 64.82-65.08 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.82-65.08.

* Rupee traded little changed as investors refrain from taking significant positions ahead of US labour market data.

* Activity in India's dominant service sector expanded at its fastest pace in eight months in

Dollar steadies against its peers, ECB monetary policy minutes eyed - GEPL

Dollar steadies against its peers, ECB monetary policy minutes eyed

Market Commentary

* The dollar steadied against its peers early on Thursday after the Federal Reserve's policy meeting minutes took the wind out of its advance, with the market awaiting comments by central bankers and U.S. data for its ne

Reuter`s survey expects Eurozone`s economy to have grown by 0.7% - IIFL

FX

US dollar strengthened against Euro, however, the flow of macroeconomic numbers continues to remain constructive for the Euro region. In this respect, Reuter’s survey expects Euro zone’s economy to have grown by 0.7% during Q2’17 amid increasingly positive business expectations. Meanwhile, European retail sales grew on a strong not

GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot weakened marginally by 0.03 percent as markets played safe prior to the release of FOMC meeting minutes where the officials continued to view gradual rate hikes as appropriate, while starting the process of unwinding their $4.5 trillion balance

JPYINR trading range for the day is 57.09-57.62 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.77-65.19.

* Rupee weakened on selling by banks and also as investors awaited minutes from the Federal Reserve's latest meeting and U.S. jobs data later in the week.

* Activity in India's dominant service sector expand

Dollar up after US Federal Reserve monetary policy meeting minutes - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.07 percent in yesterday’s trading session against basket of six major currencies as US Federal Reserve monetary policy meeting minutes showed that policymakers continued to view gradual interest rate hike as appropriate. However, sharp gain was prevented on disappointing data from US and as minutes

GBPINR trading range for the day is 83.75-84.46 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.79-65.17.

* Rupee gained on buying by foreign banks including Deutsche Bank on behalf of exporters and higher US Treasury Yields.

* The RBI raised the investment limits by foreign investors in government bonds by 110 billion r

Pound plunges on disappointing economic data - Sharekhan

US Dollar Index (DX):

US Dollar ended flat in yesterday’s trading session against basket of six major currencies on account of Independence Day holiday in the U.S. In Intraday Dollar Index touched a high of 96.333 and closed at 96.218 against Dollar.

 

Outlook:

Dollar is expect

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot strengthened by 0.1 percent on account of fresh dollar selling by exporters and banks amid lower dollar in the overseas market. Moreover, the new adopted tax regime in India i.e. the GST bill has revived positive sentiments on hopes that it sha

GBPINR spot (CMP - 84.10) is expected to trade higher - Angel Broking

Rupee

In the last week, the Indian Rupee appreciated by 0.21 percent due to the following reasons:

* Fall in the US Dollar Index by more than 1 percent in the last week after the announcement of delay in health care vote.

* Asian currencies traded higher after the world’s major central bankers signalled at the possibility of