USDINR trading range for the day is 66.77-67.41 - Kedia

USDINR

* USDINR trading range for the day is 66.77-67.41.

* Rupee appreciated to three-month low on likely dollar selling by foreign banks and nationalised banks amid weakness in the greenback.

* The unexpected change in the Reserve Bank of India's monetary policy stance to "neutral" from "accommodative"

USDINR February opened with a gap down prices look to hold support at 66.92 level - Kedia

The rupee appreciated on dollar selling by foreign banks and the Reserve Bank of India shifted the interest rate stance from 'accommodative' to neutral while keeping interest rates unchanged. The Reserve Bank of India (RBI) kept its repo rate on hold at 6.25 percent for a second straight policy meeting, opting to wait for more clarity on inflation trends and on how a radical crackdown o

JPYINR is expected to fall in today’s trading session - Angel Broking

Indian rupee

Indian Rupee appreciated by 0.42 percent yesterday after the RBI in its sixth Bi-Monthly Monetary Policy review kept its benchmark repo rate unchanged at 6.25 percent. Other important rates were also kept at the same levels; reverse repo rate at 5.75 percent, marginal standing facility and bank rate at 6.75 percent. The rationale behind th

Indian Rupee appreciated after RBI policy - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.33 percent in yesterday’s trading session as RBI unexpectedly kept its interest rates untouched for consecutive two meetings. RBI said central bank target to achieve CPI inflation at 5 per cent by Q4 of 2016-17 and the medium term target of 4 per cent within a band of +/- 2%. Further, weakness in dollar

Sell USDINR around 67.25 Target 67.05 Stop loss 67.38 - 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 resistance seen at 67.55 levels. USD/INR futures likely to trade with sideways sentiments and 67.45 will be the trend d

GBPINR trading range for the day is 83.9-84.62 - Kedia

USDINR

* USDINR trading range for the day is 67.22-67.6. # Rupee appreciated on dollar selling by foreign banks and the RBI shifted the interest rate stance from 'accommodative' to neutral while keeping interest rates unchanged.

* RBI keeps repo rate unchanged at 6.25 pct, reverse repo rate stays at 5.75 pct

* RBI is seeing

Euro Plunges on political woes and Greece debt problem - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.29 percent in yesterday’s trading session on the back of strong dollar and rise in risk aversion in the domestic markets. Further, Investors remained cautious ahead of RBI bi-monthly policy. Indian rupee tracked weakness in other Asian currencies. Benchmark stock index 50 shares Nifty Index fell by 0.37

JPYINR is expected to depreciate in today’s trading session - Angel Broking

Indian rupee

Indian Rupee depreciated by 0.37 percent yesterday as recent fall in the currency has prompted the RBI to intervene via state owned banks. Moreover, Trump’s immigration ban has been temporarily blocked by the federal appeals court sided with the Washington AG which boosted the demand for American currency in turn pushing the Indian R

Sell EURINR around 72.30 Target 71.95 Stop loss 72.50 - 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 resistance seen at 67.72 levels. USD/INR futures likely to trade with sideways sentiments and 67.64 will be the trend d

JPYINR trading range for the day is 59.85-60.55 - Kedia

USDINR

* USDINR trading range for the day is 67.33-67.69.

* Rupee snapped nine-day gains on dollar buying by nationalised banks amid appreciation in the greenback.

* Adding to this, the greenback strengthened on risk aversion on growing political uncertainty in France.

* India's Monetary Policy Committee will recommend

Sell NSE USDINR between 68.00 – 68.20, Stoploss – 68.70, Target – 67 / 66.80 - Angel Broking

US Dollar Index

The month of January’17 had a whammy effect on the American currency; pushing it lower by 2.97 percent. US Dollar Index made a monthly low of 99.43 and closed at 99.51 levels on 31st Jan’17. This was on account of Trump’s protectionist policies that stunned the markets worldwide in turn denting the demand for the Amer

JPYINR: Pull-back near completion - Sharekhan

USDINR: Fall to continue

During December-January, USDINR was in a short-term uptrend. In early February, the currency pair broke down from the rising trendline after hitting the high of Rs68.49. Near the high, the bears intervened to restrict further upside. Consequently, it entered a correction mode. The fall is getting sub-divided into lower degree w

Euro decline on political uncertainty - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.15 percent in yesterday’s trading session on the back of weakness in dollar and rise in risk appetite in the domestic markets. Further, Investors fear that the disappointing data’s from US may prompt US Federal Reserve to be less aggressive this year in raising rates. Benchmark stock index 50 shar

Sell GBPINR around 84.30 Target 83.90 Stop loss 84.55 - 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 resistance seen at 67.55 levels. USD/INR futures likely to trade with sideways sentiments and 67.45 will be the tr

EURINR is expected to trade lower in today’s trading session - Angel Broking

Indian rupee

Indian Rupee appreciated marginally by 0.01 percent yesterday owing to surge in foreign inflows both in the local equity and debt markets. Markets are still rejoicing the release of Union Budget where India’s finance minister announced a fiscal deficit target (3.2 percent) for 2017-18 fiscal years that was in line with estimates (3-

USDINR trading range for the day is 67.23-67.46 - Kedia

USDINR

* USDINR trading range for the day is 67.23-67.46.

* Rupee appreciated tracking weakness in the greenback amid overseas inflows into local shares ahead of RBI’s sixth bi-monthly policy due this week.

* RBI-led Monetary Policy Committee to cut repo rate by 25 basis points at sixth Bi-monthly Monetary Policy Review on mod

GBPINR spot (CMP-83.88) is expected to trade lower - Angel Broking

Sterling Pound

Last week, GBPINR traded lower by 1.84 percent owing to the following factors:

* Markets discounted the BOE Monetary Policy outcome where the policymakers appeared in no rush to raise interest rates, warning of "twists and turns" on the road out of the European Union.

* Moreover, the outlook for Britain'

Sell NSE USDINR February between 67.70 – 67.80, Stoploss – 68.00, Target – 67.20 / 67.10 - Angel Broking

NSE USDINR

NSE USDINR Feb as seen in the weekly chart above has opened the week with gap down at 68.27 levels and during this week prices have corrected sharply and made a weekly low of 67.44 levels. This week prices have closed below the previous week’s closing of 68.29 levels and finally closed 1.20% lower at 67.47 levels. Technically, prices h

Yen advances on safe haven demand - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.08 percent on Friday’s trading session on the back of weakness in dollar and rise in risk appetite in the domestic markets. Further, FII inflows into local shares supported rupee. FII’s net bought stocks worth Rs 353.84 crores on Friday as per provisional data from NSE. Benchmark stock index 50 sh

GBPINR is likely to trade lower today - Angel Broking

Indian rupee

Indian Rupee appreciated by more than 1 percent in the last week as the markets rejoiced the release of Union Budget where India’s finance minister announced a fiscal deficit target (3.2 percent) for 2017-18 fiscal years that was in line with estimates (3-3.3 percent) despite the growth being hit by demonetization and the upcoming st

Sell USDINR around 67.40 Target 67.20 Stop loss 67.52 - 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 resistance seen at 67.68 levels. USD/INR futures likely to trade with sideways sentiments and 67.60 will be the tr

JPYINR trading range for the day is 59.41-60.2 - Kedia

USDINR

* USDINR trading range for the day is 67.32-67.65.

* Rupee posted its biggest weekly gain in two-months on dollar selling by foreign banks and exporters.

* Activity in India's services industry contracted for a third straight month in January, although at a slower pace.

* India's fiscal deficit in the first

Pound Slips after BOE signals no rush to rate hike - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.16 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic markets and as Government stick to his fiscal consolidation path without compromising the requirements of public investment. In the union budget Finance Minister said in 2017-18 Fiscal deficit is set at 3.2 per

GBPINR is likely to trade lower today - Angel Broking

Indian rupee

Indian Rupee appreciated by 0.28 percent yesterday as markets are still discounting the release of Union Budget where India’s finance minister announced a fiscal deficit target (3.2 percent) for 2017-18 fiscal years that was in line with estimates (3-3.3 percent) despite the growth hit caused by demonetization and the upcoming state

USDINR trading range for the day is 67.46-67.74 - Kedia

USDINR

* USDINR trading range for the day is 67.46-67.74.

* Rupee extended gains on dollar selling by foreign banks after Fed left interest rates unchanged.

* Markets were expecting the Fed to offer hints about the interest rate trajectory but there was no indication.

* Government's gross market borrowing for FY18 stoo