The Indian Rupee could likely remain range bound intraday - Reliance Sec

RECOMMENDATIONS  

DOMESTIC MARKET RECAP

The Indian Rupee posted the biggest-single day drop in nearly four weeks against the Dollar, as a slump in crude oil prices hurt investors’ appetite for risk assets. The Rupee settled at 64.37 to a Dollar its lowest close since Apr. 24, from 64.18 at previous

We expect prices to trade up with resistance at 71.10 - LKP Sec

USDINR

News & Analysis

* USDINR traded up recovering from lows on weak equity indices. Prices have witnessed resistance near 64.60 and ended positive at 64.54 for the day.

* The dollar index, measuring it against a basket of major currencies, traded higher after US FOMC concluded 2 days meeting

Emmanuel Macron elected President of France with 65% of the vote - GEPL

Emmanuel Macron elected President of France with 65% of the vote

Market Commentary

* The euro edged away from highs hit early in the Asian session on Monday as investors took profits from its gains after centrist Emmanuel Macron's victory over the far-right Marine Le Pen in France's presidential elect

Euro surged ahead of French Presidential election - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.15 percent on Friday’s trading session against basket of six major currencies despite of upbeat economic data as Euro surged on expectation that centrist candidate Emmanuel macron will defeat anti EU Marine le Pen in presidential election. Data showed that 211,000 jobs were added in the economy. Un

Buy EURINR around 70.60 Target 71.00 Stop loss 70.30 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed firm opening and traded with firm sentiments throughout the session due to short covering from traders. Technically, It gave break out of downward sloping trend line and settled above the same. Momentum Indicator RSI for the 14-day period is poised at 34 on Daily charts showing sign of recovery. USD/INR cou

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, USDINR spot depreciated by 0.05 percent yesterday after the US Feds hinted at the possibility of two more rate hikes in the coming months which dented the demand for the Indian Rupee. The hawkish tone in the US Fed Chair’s speech has now led the traders pricing

GBPINR trading range for the day is 83.03-83.84 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.34-64.67.

* Rupee plunged to one-week low on selling by nationalised banks including Syndicate Bank likely for oil importers.

* Growth in India's dominant services industry came close to stalling in April as new orders sl

USDINR spot which is currently trading at 64.13 levels - Angel Broking

Indian Rupee

USDINR spot which is currently trading at 64.13 levels while writing, appreciated by around 1.08 percent in April’17. Reason behind the strength could be attributed to the international and domestic factors that boosted the market confidence.

From the domestic front, approval of all four bills relating to the implementation

Sterling rose against the US Dollar on Thursday - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee ended flat on Thursday. Appreciation remained limited as the domestic currency tracked the Asian currencies as increasing expectations that the U.S. Federal Reserve will raise its policy rate next month buoyed demand for the greenback. However, gains in l

GBPINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot depreciated by 0.08 percent yesterday after the US Feds hinted at the possibility of two more rate hikes in the coming months which dented the demand for the Indian Rupee. The hawkish tone in the US Fed Chair’s speech has now led the traders pricing in a 72

Sell USDINR around 64.48 Target 64.20 Stop loss 64.65 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed gap down opening, but recovered well from lower levels due to short covering from traders. It witnessed range bound trades throughout the session and short covering at lower levels supported the prices to fall further. Momentum Indicator RSI for the 14-day period is poised at 26.52 in the oversold zone on D

EURINR trading range for the day is 69.98-70.74 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.24-64.51.

* Rupee traded in range after the Federal Reserve indicated of an interest rate rise at the June policy meet.

* Growth in India's dominant services industry came close to stalling in April as new orders slowed to

JPYINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot traded on a flat note yesterday as markets played safe prior to the FOMC meeting that was to be released later in the day. As per expectations, the Feds did not hike rates however gave a hawkish comment which boosted the demand for the American currency in turn keep

USDINR trading range for the day is 64.29-64.45 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.29-64.45.

* Rupee appreciated against the greenback on buying by exporters amid subdued dollar ahead of Federal Reserve's monetary policy outcome.

* Indian manufacturing activity expanded for a fourth consecutive month in

Sell JPYINR around 57.30 Target 56.90 Stop loss 57.60 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed gap down opening and failed to recover from lower levels due to selling pressure from traders. It witnessed range bound trades throughout the session and short covering at lower levels supported the prices to fall further. Momentum Indicator RSI for the 14-day period is poised at 26.43 in the oversold zone

USDINR: Facing resistance near 20DMA - Sharekhan

USDINR: Facing resistance near 20DMA

USDINR is trading in a falling channel. The currency pair has seen many short-term pullbacks but faced stiff resistance near the 20DMA. If it is able to close above 20DMA, then we may see a pull-back rally up to 20WMA. The weekly indicator is in a ‘sell’ mode. The daily moving averages will act as resis

JPYINR trading range for the day is 57.28-57.84 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.2-64.6.

* Rupee surged on buying by foreign banks for exporters ahead of the Federal Open Market Committee monetary policy meeting due later.

* Indian manufacturing activity expanded for a fourth consecutive month in April, h

USDINR May series traded in a narrow - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee ended flat on Tuesday. The Rupee ended at 64.21 to a dollar compared with 64.24 at the previous close on Apr. 28. The currency traded in a narrow 64.11-64.23 range.

The US Dollar remained weak as amid caution ahead of the U.S. Federal Reserve'

Dollar edges lower on disappointing data - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.07 percent in yesterday’s trading session against basket of six major currencies on the back of weak economic data from US. US total vehicle sales fell to 16.9M in April compared to expectation of 17.1M. Further, traders remained cautious ahead of FOMC meeting outcome. In Intraday Dollar Index touc

Dollar hits 6 week high against Yen on risk appetite - GEPL

Dollar hits 6 week high against Yen on risk appetite, eyes on Fed for rate clues

Market Commentary

* The U.S. dollar eased off a six-week high against the yen and fell against the euro after weak U.S. April auto sales added to worries that the Federal Reserve may eventually take a more dovish-than-expected vie

Buy GBPINR around 83.20Target 83.70 Stop loss 82.95 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing gap down opening, USD/INR futures recovered well from lower levels due to short covering from traders. It managed to hold the recovery at the end of the session. Momentum Indicator RSI for the 14- day period is poised at 27.66 in the oversold zone on Daily chart indicating a continuation of short covering. USD/INR c

GBPINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.14 percent yesterday tracking gains in Asian market equities after the US congressional negotiators reached on a bipartisan agreement to fund the US government through 30th Sep’17 thereby effectively ending any suspense about the possibility

EURINR spot (CMP-70.06) is expected to trade higher - Angel Broking

Rupee

* Last week, USDINR spot appreciated by 0.60 percent in the last week owing to huge foreign inflows into equities and debt markets which kept the Indian Rupee stronger.

* Furthermore, fresh selling of dollar by exporters and banks added to the strength. Domestic markets i.e. Sensex and Nifty traded higher following NTPC’s Rs 2,000

Sell NSE USDINR May between 64.80–64.90, SL–65.20, Target–64.00 / 63.90 - Angel Broking

NSE USDINR May (CMP – 64.4975)

NSE USDINR May as seen in the weekly chart above has opened the week with gap down at 64.87 levels and during this week open and high were the same levels. This week prices have corrected sharply and made a weekly low of 64.20 levels. This week prices have closed below the previous week’s closing of 64.9275 le