Sell JPYINR around 56.80 Target 56.30 Stop loss 57.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed negative opening and traded with bearish sentiments throughout the session due to selling pressure from traders. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 31.93 on Daily charts showing

GBPINR spot is expected to trade a bit lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.31 percent in yesterday’s trading session after a cyber-attack threat pushed the American currency lower in turn boosting the demand for the Indian Rupee. Domestic markets i.e. Sensex and Nifty traded higher after the robust release of inflati

USDINR spot (CMP - 64.12) is expected to trade sideways to higher - Angel Broking

Rupee

* Last week, USDINR spot appreciated by 0.10 percent tracking gains in the domestic markets i.e. Sensex and Nifty on the back of uninterrupted foreign inflows in local equity and debt markets.

* Moreover, forecast of a normal monsoon amid positive global cues added to the positive sentiment.

* Furthermore, weakness in the Ame

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.37 percent on Friday’s trading session against basket of six major currencies on the back of weaker than expected Inflation and Retail sales data. US core CPI rose 1.9 percent year on year in April. However, sharp downside was prevented on upbeat consumer sentiment data. US Prelim UoM consumer sent

Dollar slips after weaker than expected U.S. inflation , sales data - GEPL

Dollar slips after weaker than expected U.S. inflation , sales data

Market Commentary

* The dollar started the week on the defensive on Monday, after U.S. economic data came in shy of expectations and another missile test by North Korea over the weekend underpinned the perceived safehaven yen.

* The

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, the Indian Rupee spot appreciated by 0.10 percent tracking gains in the domestic markets i.e. Sensex and Nifty on the back of uninterrupted foreign inflows in local equity and debt markets. Moreover, forecast of a normal monsoon amid positive global cues added to the

Sell GBPINR around 83.20 Target 82.70 Stop loss 83.50 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed negative opening and traded with bearish sentiments throughout the session due to selling pressure from traders. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 36.81 on Daily charts showing

Pound plunges after BOE policy meet - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.05 percent in yesterday’s trading session against basket of six major currencies on worries over political turmoil after US President Donald trump abruptly removed FBI director James Comey. However, sharp downside was prevented on the back of upbeat economic data from US. Number of people filling

We expect the Rupee to open around 64.35-64.42 levels - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee posted its biggest single-session gain in 4 weeks against the Dollar, helped by greenback sales by a few corporates and bunched-up dollar inflows after a mid-week holiday. However, it pared some gains after at least two state-run banks stepped up greenback

Trading range for the day is 64.33-64.81 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.33-64.81.

* Rupee appreciated on buying by foreign banks and big corporates amid weak greenback against its major currencies.

* India's private sector logged a slower growth in April, survey data from IHS Markit showed.

USDINR spot is likely to appreciate today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.31 percent in yesterday’s trading session tracking gains in the domestic markets i.e. Sensex and Nifty on the back of uninterrupted foreign inflows in local equity and debt markets. Moreover, forecast of a normal monsoon amid positive global c

Sell EURINR around 70.40 Target 70.00 Stop loss 70.70 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed gap down opening and traded with bearish sentiments throughout the session due to selling pressure from traders. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 38.03 on Daily charts showing

Dollar advances on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.01 percent in yesterday’s trading session against basket of six major currencies as US treasury rose on expectation of rate hike in June after upbeat economic data from US. However, sharp gain was capped as trader’s doubts about government’s ability to implement its economic reforms. US

We expect prices to trade sideways to up with support at 83.50 - LKP Sec

USDINR

News & Analysis

* USDINR traded up recovering from lows with stronger dollar. Prices have breached resistance near 64.60 and ended higher at 64.80 for the day.

* The dollar index, measuring it against a basket of major currencies, traded higher recovered from lows to 99.70 on optimism of

USDINR May contract ended higher in the previous session - Reliance Sec

RECOMMENDATIONS    

DOMESTIC MARKET RECAP

The Indian Rupee logged the worst fall against the Dollarin nearly five months, on greenback demand from crude oil and other importers.

The Rupee settled at 64.62 to a Dollar its lowest since Apr. 18, and from 64.30 at previous close. The session al

Dollar at eight-week highs vs Yen on U.S. economic optimism - GEPL

Dollar at eight-week highs vs Yen on U.S. economic optimism

Market Commentary

* The dollar edged up to eight week highs against the yen on Thursday in early Asian trading at 114.31 after earlier rising as high as 114.37, it’s highest since March 15.

* EUR/USD continues trading with a bearish bi

Buy USDINR around 64.70 Target 64.95 Stop loss 64.57 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments in last trading session on strong buying support from traders. Technically, It managed to settle above downward sloping trend line and witnessed buying with good volume which indicates strength in recovery. Momentum Indicator RSI for the 14-day period is poised at 43.80 on Daily charts sho

Sell JPYINR around 57.20 Target 56.80 Stop loss 57.50 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments in last trading session on strong buying support from traders. Technically, It managed to settle above downward sloping trend line and witnessed buying with good volume which indicates strength in recovery. Momentum Indicator RSI for the 14-day period is poised at 43.80 on Daily charts sho

Support for the USDINR spot pair is at 64.22 and 64.15 - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee appreciated against the US Dollar for the first time in three sessions against the dollar, as victory for pro-European Union leader Emmanuel Macron at the French presidential election spurred a rally in risk assets.

The Rupee settled at 64.30 to

JPYINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot traded on a flat note however it ended lower by 0.06 percent in yesterday’s trading session owing to increased optimism in Asian market equities following French elections. Domestic markets i.e. Sensex and Nifty traded in green on the back of uninterrupted fo

JPYINR trading range for the day is 57.01-57.54 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.31-64.57.

* Rupee ended with gains tracking weak dollar as independent centrist Emmanuel Macron's win at the French presidential election eases fears.

* Finance Minister Arun Jaitley underscored that the Goods and Services

Buy GBPINR around 83.40 Target 83.80 Stop loss 83.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed bearish opening but recovered well due to short covering from traders. Technically, It managed to settle above downward sloping trend line. Momentum Indicator RSI for the 14-day period is poised at 32.61 on Daily charts showing sign of recovery. USD/INR could remain firm & a breach of 64.54 could determ