Euro currency spot traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Once again, the Indian Rupee spot appreciated by 0.02 percent in yesterday’s trading session owing to fall in US Dollar Index after the FBI head confirmed on investigating Russia’s involvement in US Presidential Elections of 2016. On the domestic front, markets are

Pound Plunges on Brexit concerns - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.12 percent in yesterday’s trading session against basket of six major currencies after Chicago Fed president Charles Evans said Federal Reserve was on track to raise interest rate twice more this year. However, dollar remained near 6 week low as last week FOMC guidance over interest rates continued

Sterling pound traded lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Once again, the Indian Rupee spot appreciated by 0.2 percent, making a fresh 16 month high in yesterday’s trading session. Reason behind this prolonged surge could be attributed to the massive win by BJP in the recent state elections which have infused positive sentiments

Sell EURINR around 70.50 Target 70.10 Stop loss 70.70 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. It failed to recover from lower levels which indicate continuation of selling pressure in today’s session as well. Overall trend for USD/INR futures likely to remain bearish for intraday session due to selling pressure. Next im

GBPINR trading range for the day is 80.96-81.54 - Kedia Commodity

USDINR

*USDINR trading range for the day is 65.27-65.63.

*Rupee appreciated on dollar selling by state-run banks and foreign banks amid exporters selling.

*India's cabinet has approved four bills to implement a planned Goods and Services Tax (GST) bills, a government official said.

* India's wholesale price inflati

EURINR is expected to trade in a range-bound - Angel Broking

Last week, USDINR spot appreciated by around 1.6 percent owing to the following factors:

* BJP’s massive victory in the major state election has created good sentiments in the Indian market leading to appreciating rupee and higher equities.

* The victory has not only brightened India’s future economic outlook but has also inviting

Yen gains on safe haven demand - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.11 percent on Friday’s trading session against basket of six major currencies but remained near its five week low as traders were disappointed after central bank sticks to its previous outlook of 2 more rates this year and three more hikes in 2018. However, sharp downside was cushioned on the back

JPYINR traded witnessed flat opening trade positive - LKP Sec

USDINR 

*  USDINR traded mixed with weaker international pair after Fed rate hike. Prices witnessed correction later of the day ended marginal positive at 65.57.

*  The dollar index fell sharply after the Federal Reserve raised interest rates for the second time in three months but did not flag any plan to accelerate the pace o

Euro currency traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, the Indian Rupee spot appreciated by more than 1.5 percent owing to slump seen in the American currency after the US Fed Chair indicated that the central bank was unlikely to speed up monetary tightening. Markets across the globe were disappointed by this mo

EURINR trading range for the day is 70.16-71.01 - Kedia

USDINR

* USDINR trading range for the day is 65.4-65.83.

* Rupee traded in range after the local currency rose to 17-month high amid lack of fresh triggers to support the demand for the local currency.

* India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data from the Ministry o

Pound advances after BOE policy meet - Sharekhan

US DOLLAR INDEX (DX)

US Dollar depreciated by 0.40 percent in yesterday’s trading session against basket of six major currencies as traders were disappointed after central bank sticks to its previous outlook of 2 more rates this year and three more hikes in 2018. US Federal Reserve after raising rates by 0.25 percent signaled more gradual pace of

EURINR traded lower witnessing gap up opening -  LKP Sec

USDINR

News & Analysis

* USDINR traded lower with weaker international pair after Fed rate hike. Prices witnessed recovery later of the day ended marginal positive at 65.53.

* The dollar index fell sharply after the Federal Reserve raised interest rates for the second time in three months but did

Sterling pound traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.40 percent yesterday owing to slump seen in the American currency after the US Fed Chair indicated that the central bank was unlikely to speed up monetary tightening. Markets across the globe were disappointed by this move as they had priced in at

EURINR trading range for the day is 70-70.59 - Kedia

USDINR

*USDINR trading range for the day is 65.18-65.79.

*Rupee rose to its strongest level in nearly 17-months after the Fed raised interest rates as expected but signalled no pick-up in the pace of tightening.

*India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data showed.

USDINR spot higher towards 64.80 mark in the near term - Angel Broking

Commodity View:

Commodities pack as a whole is positive today with precious metals up by around 1.5 and 2 percent while Crude oil is up by 1.2 percent and most of the base metals are higher by half a percent. The keenly awaited outcome of the US FED is done with and they have hiked the rates by 25 basis points, however, the tone of further rate hikes b

Dollar plunges after Fed signaled gradual rate hike - Sharekhan

US DOLLAR INDEX (DX)

US Dollar depreciated by 0.94 percent in yesterday’s trading session against basket of six major currencies as the Federal Reserve after raising rates by 0.25 percent signaled more gradual pace of monetary tightening this year. Traders were disappointed as central bank sticks to its previous outlook of 2 more rates this year

EURINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.20 percent yesterday as markets still cheer BJP’s massive victory in the major state election which has led to positive sentiments in the Indian markets. BJP party with its coalition partners won 325 seats against 403 seats in member assembly

GBPINR trading range for the day is 79.42-81 - Kedia

USDINR

*USDINR trading range for the day is 65.33-66.18.

*Rupee appreciated to 16-month high on buying by major banks including foreign and nationalised banks amid FII inflows into local stocks.

*India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data showed.

* Investo

Euro currency traded lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.62 percent yesterday; touching 16- month high after BJP’s massive victory in the major state election which has created good sentiments in the Indian markets. BJP party with its coalition partners won 325 seats against 403 seats in member asse

 EURINR traded lower witnessing resistance at 70.90 - LKP Sec

USDINR

News & Analysis

* USDINR opened lower pressured by improved Indian economic outlook and recent UP election results. The pair fell sharply below 66 witnessing support at 65.90.

* The dollar index rose on Tuesday, bolstered by an expected interest rate increase by the U.S. Federal Reserve th

USDINR Sell around 65.95 Target 65.70 Stop loss 66.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. It failed to recover from lower levels at the end of the session which indicates continuation of selling pressure. Overall trend for USD/INR futures likely to remain bearish for intraday session due to selling pressure. Next importan

EURINR trading range for the day is 69.72-71.05 - Kedia

USDINR

*USDINR trading range for the day is 65.63-66.53.

*Rupee strengthened to a near one-year high as Prime Minister Narendra Modi's big win in the state of Uttar Pradesh was seen bolstering his economic reform agenda.

*But any further gains will be tempered by concerns about valuations as well as global risks, including how m

GBPINR spot (CMP-80.47) is expected to trade lower - Angel

Sterling Pound

Last week, GBPINR traded lower by 1.33 percent owing to the following factors:

*UK parliament passes Brexit bill as Scotland demands referendum.

*Expectation of US rate hike in Mar’17 FOMC Meeting dented the demand for Sterling Pound.

*Recent Spring Budget statement had