EURINR is expected to trade sideways - Angel

GLOBAL UPDATES

Markets across the globe are trading on a mixed note owing to growing cautiousness in the markets with rising political uncertainty. Moreover, five heads of regional Federal Reserve Bank are due to speak this week which can influence market’s trend.

 

FUNDAMENTAL OUTLOOK

Buy USDINR around 67.02 Target 67.20 Stop loss 66.90 - Tradebulls

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.90 levels. USD/INR futures likely to trade with sideways sentiments and 66.98 will be the trend

JPYINR trading range for the day is 58.94-59.8 - Kedia

USDINR

* USDINR trading range for the day is 66.94-67.27.

* Rupee traded in range as buying by nationalised banks for oil importers offset selling by banks such including foreign banks.

* Governor Urjit Patel reiterates the possibility of rate hike, or rate cut based on inflation trajectory.

* RBI Governor in an interview

EURINR is expected to trade sideways today - Angel

FUNDAMENTAL OUTLOOK

Indian rupee

Indian Rupee depreciated yesterday by 0.31 percent largely owing to buying of the greenback by banks and exporters. However, positive momentum in domestic markets restricted sharp downside. Sensex and Nifty surged by 0.5 and 0.6 percent respectively. Due to all the above factor

Buy GBPINR Buy around 84.00 Target 84.50 Stop loss 83.70 - Tradebulls

USD/INR FUTURE VIEW

USD/INR futures traded with volatile sentiments due to short covering from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.80 levels. USD/INR futures likely to trade with sideways sentiments and 66.90 will be the trend

GBPINR trading range for the day is 83.23-84.42 - Kedia

USDINR

* USDINR trading range for the day is 66.88-67.25.

* Rupee dropped as nationalised banks bought dollars on behalf of oil importers, however upside was capped by likely selling by foreign banks.

*  India's goods exports rose in January for the fifth straight month on the back of stronger commodity prices.

*

EURINR is expected to trade higher today - Angel

FUNDAMENTAL OUTLOOK

 Indian rupee  

Indian Rupee appreciated marginally yesterday owing to selling of the greenback by banks and exporters despite stronger DX overseas. Also, positive momentum in Asian currencies supported an upside. However, sharp appreciation was restricted since the domestic marke

Buy EURINR around 71.10 Target 71.50 Stop loss 70.95 - Tradebulls

USD/INR FUTURE VIEW

USD/INR futures traded with volatile sentiments due to short covering from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.80 levels. USD/INR futures likely to trade with sideways sentiments and 66.90 will be the trend

EURINR trading range for the day is 70.5-71.15 - Kedia

USDINR

*USDINR trading range for the day is 66.88-67.08.

* Rupee traded in range as selling by foreign banks mostly for exporters was offset by strong dollar.

* Yellen said in prepared remarks that waiting too long to raise interest rates would be "unwise," given the rise in inflation and economic growth.

* RBI G

USDINR spot is expected to trade sideways - Angel Broking

Indian rupee

Indian Rupee appreciated by 0.2 percent yesterday as weakness on the DX during the day after White House national security adviser Michael Flynn resigned over allegations of improper contact with Russian officials, supported an upside in Asian currencies. On the data front, Indian consumer prices rose by an annual 3.17 percent last month,

Sell JPYINR around 58.80 Target 58.30 Stop loss 59.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.82 levels. USD/INR futures likely to trade with sideways sentiments and 66.90 will be the trend

USDINR trading range for the day is 66.94-67.12 - Kedia

USDINR

* USDINR trading range for the day is 66.94-67.12.
* Rupee appreciated snapping a two-day loss on buying by foreign banks.
* India's core consumer price inflation was seen at around 5.08-5.10 percent in January, higher than around 4.9 percent in December.
* India's annual consumer price inflation eased to 3.17 percen

USDINR: More fall on the cards - Sharekhan

USDINR: More fall on the cards

USDINR corrected sharply after a breakdown from the triangle pattern. It had made a gap earlier which has been filled. A bounce back from this level is possible, but it is expected that selling will be seen at higher levels. Here onwards, USDINR can slide up to 66. The daily momentum indicator is also suggesting a downsi

Euro depreciated on concern over political uncertainty in Europe - Sharekhan

USD-INR:

The Indian Rupee depreciated marginally by 0.20 percent in yesterday’s trading session on the back of strong dollar and as traders remained cautious ahead of inflation data. Dollar gained strength on tax cut hopes. However, sharp downside was prevented on rise in risk appetite in the domestic markets and FII inflows into local shares. B

Sell EURINR around 71.30 Target 70.95 Stop loss 71.60 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.95 levels. USD/INR futures likely to trade with sideways sentiments and 67.05 will be the trend deci

USDINR trading range for the day is 66.89-67.25 - Kedia

USDINR

* USDINR trading range for the day is 66.89-67.25.

* Rupee depreciated for the second straight trading day on dollar buying by state-run banks mostly for oil importers.

* Investors remained on sidelines awaiting the release of India retail inflation data for January, and Fed Chair Janet Yellen's semi-annual testimony.

GBPINR is expected to trade higher as expectation - Angel Broking

Indian rupee

Indian Rupee depreciated by 0.16 percent yesterday owing to strength seen in the US Dollar Index after the smooth meeting between the Japanese Prime Minister and the US President on future trade policies. Moreover, markets are also discounting the statement made by the US President of releasing a "phenomenal" tax plan in the next

Sell NSE USDINR February between 67.20 – 67.30, Stoploss – 67.50, Target – 66.70 / 66.60 - Angel Broking

NSE USDINR

NSE USDINR Feb as seen in the weekly chart above has opened the week with gap down at 67.3450 levels and at the starting of the week it made a weekly high of 67.5825 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 66.88 levels. At the last trading session of the we

Rupee depreciated on Dollar demand - Sharekhan

USD-INR:

The Indian Rupee depreciated marginally by 0.05 percent on Friday’s trading session on the back of strong dollar and as traders remained cautious ahead of macro economic data. Further, state run banks were seen buying dollar on behalf of oil importers. However, sharp downside was prevented on rise in risk appetite in the domestic market

JPYINR is expected to trade lower - Angel Broking

Indian rupee

Indian Rupee appreciated by 0.77 percent in the last week as markets discounted the outcome of RBI monetary policy meet where the benchmark repo rate was kept unchanged at 6.25 percent. The rationale behind this neutral stance could be attributed to the stubborn core inflation rate, implantation of 7th Central Pay Commission, transitory ef

Sell GBPINR around 83.90 Target 83.30 Stop loss 84.25 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.80 levels. USD/INR futures likely to trade with bearish sentiments and 66.90 will be the trend decid

JPYINR trading range for the day is 58.46-59.4 - Kedia

USDINR

* USDINR trading range for the day is 66.75-67.22.

* Rupee appreciated for the third straight day on dollar selling by state-run and foreign banks.

* India's central bank kept its policy rate on hold for a second meeting in a row, opting to wait for more clarity on the trend for inflation.

* GVA (gross value ad

Sell GBPINR around 84.00 Target 83.50 Stop loss 84.25 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. Overall trend for USD/INR futures likely to remain bearish for intraday session due to selling pressure. Next important support seen at 67.80 levels. USD/INR futures likely to trade with bearish sentiments and 67.90 will be the trend

Dollar rallied after Trump comments - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.52 percent in yesterday’s trading session on rise in risk appetite in the domestic markets and FII inflows into local shares. Further, RBI unexpectedly kept its interest rates untouched for consecutive two meetings. Benchmark stock index 50 shares Nifty Index raised by 0.11 percent to 8778.40. FII&rsquo

EURINR is expected to trade lower - Angel Broking

Indian rupee

Indian Rupee appreciated by 0.45 percent yesterday in spite of strength seen in the American currency as markets are still discounting the outcome of RBI monetary policy meet where the benchmark repo rate was kept unchanged at 6.25 percent. The rationale behind this neutral stance could be attributed to the stubborn core inflation rate, i