Euro advances after upbeat inflation data - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.03 percent on Friday’s trading session against basket of six major currencies on the back of weak economic data from US. US GDP rose 0.7 percent in Q1 2017 down from 2.1 percent in previous quarter. In Intraday Dollar Index touched a low of 98.716 and closed at 99.05 against Dollar.

&nbs

USDINR May series edged higher - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee depreciated against the US Doallar as share market ended weaker on Friday. However, depreciation was limited as market-friendly Emmanuel Macron’s victory in the first round of French presidential election and bets that he will go on to win the May 7

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

USD/INR FUTURE VIEW

USD/INR futures extended short covering and traded in greens throughout the session. It managed to hold the recovery at the end of the session. Momentum Indicator RSI for the 14-day period is poised at 27.68 in the oversold zone on Daily chart indicating a continuation of short covering. USD/INR could remain volatile & a breach

GBPINR trading range for the day is 82.87-84.1 - Kedia

Currency Update

USDINR

 * USDINR trading range for the day is 64.21-64.79.

* Rupee weakened against the US dollar on selling by nationalised banks on behalf of oil importers.

* India's Chief Economic Advisor; Arvind Subramaniyan said the strength in rupee is hurting exports from the country.

USDINR May series traded in a narrow range - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee depreciated against the US Dollar for the first time in four sessions tracking weak local shares.

Dollar demand from importers also trimmed early gains triggered by broad greenback weakness, after U.S. President Donald Trump’s tax reform pl

Euro plunges after ECB monetary policy meet - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.03 percent in yesterday’s trading session against basket of six major currencies despite of weak economic data from US. Number of people filling for jobless claims rose by 14000 to 257000 for week ending 22nd April. US Pending home sales fell by 0.8 percent in March. US core durable goods orders f

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

USD/INR FUTURE VIEW

USD/INR futures witnessed smart recovery from lower levels as it is trading in the oversold zone from past few sessions. It managed to hold the recovery at the end of the session. Momentum Indicator RSI for the 14-day period is poised at 23.32 in the oversold zone on Daily chart indicating a continuation of short covering. USD/INR c

JPYINR trading range for the day is 57.24-58.32 - Kedia Commodity

Currency Update 

USDINR

* USDINR trading range for the day is 64.13-64.55.

* Rupee traded off 20-month high against the dollar on selling by oil importers for month-end dollar payment commitments

* Adding to this, dollar remained weak after tax-cut announcement by the US President Don

GBPINR has important resistance at 83.21/83.40 - LKP Sec

USDINR

News & Analysis

* USDINR traded flat witnessing range bound trading with expiry in equity segment. Prices have breached important support at 64.50 ended lower at 64.3925 for the day.

* The dollar index, measuring it against a basket of major currencies, traded marginal up near 99.09 witnes

Yen weaker ahead of Bank of Japan policy meeting - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.11 percent in yesterday’s trading session against basket of six major currencies after White house tax reform announcement. US president Donald trump plan to cut income tax rate by public corporation to 15 percent from 35 percent and reduce top tax rate assessed on pass through businesses including

GBPINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.33 percent yesterday 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 Ni

GBPINR trading range for the day is 82.32-83.01 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.07-64.66.

* Rupee surged to 20-month high on likely foreign institutional investors inflows into local stocks and buying by foreign banks on behalf of exporters.

* India's trade deficit widened to a four-month high of $10

Sell JPYINR around 58.00 Target 57.60 Stop loss 58.30 -Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures opened down and traded with bearish sentiments throughout the session. It witnessed some recovery from lower levels due to short covering, finally ended with losses. Momentum Indicator RSI for 14-day period is poised at 22.94 in oversold zone on Daily chart indicating some short covering. USD/INR could remain volatil

Sell GBPINR around 82.40Target 82.00 Stop loss 82.70 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures opened down and traded with bearish sentiments throughout the session. It witnessed some recovery from lower levels due to short covering, finally ended with losses. Momentum Indicator RSI for 14-day period is poised at 25.36 in oversold zone on Daily chart indicating some short covering. USD/INR could remain volatil

JPYINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.3 percent yesterday owing to increased selling of dollar by exporters and banks. Furthermore, markets rejoiced the outcome of the first round of French Presidential elections which saw the victory of Macron and Le Pen. This kept the domes

EURINR trading range for the day is 70.11-70.5 - Kedia

Currency Update

USDINR

* USDINR trading range for the day is 64.38-64.82.

* Rupee rose on persistent selling of the greenback by banks and exporters on the back of lower dollar overseas.

* Further buying by the Reserve Bank of India at around Rs 64.22-64.23 to shore up its FX reserve would

The Indian Rupee has opened strong this Tuesday - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee appreciated against the US Dollar in line with most Asian peers, as foreign banks likely sold the greenback for their clients amid improved risk appetite after a pro-European Union centrist won the first round of French Presidential polls.

The Ru

Yen to advance on safe heaven demand - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.89 percent in yesterday’s trading session against basket of six major currencies as Euro scaled up after centrist Emmanuel Macron and nationalist Marine Le pen won first round of French presidential election and Yen sank as the risk appetite in the global markets improved. However, sharp downside w

Sell USDINR around 64.80 Target 64.55 Stop loss 64.90 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures opened down and traded with bearish sentiments throughout the session. It failed to recover from lower levels, finally ended with losses. Momentum Indicator RSI for 14-day period is poised at 33.72 near oversold zone in 1 –hour chart indicating neutral trend. USD/INR could remain volatile & a breach of 64.6

USDINR trading range for the day is 64.34-64.66 - Kedia

Currency Update 

USDINR

* USDINR trading range for the day is 64.34-64.66.

* Rupee strengthened as investors breathed a sigh of relief after the market's favoured candidate, Emmanuel Macron, won the first round of the French presidential election.

* Rupee also gained on buying by

EURINR spot is likely to trade higher in today’s trading session - Angel Broking

GLOBAL UPDATES

Asian markets are trading in green on French election relief. The market favorite Emmanuel Macron won the first round of voting alongside far-right leader Marine Le Pen. Both will now contest for the second time on May 7th 2017. Minneapolis Federal Reserve Bank President Neel Kashkari stated he does not believe that infrastructure spendi

EURINR spot is expected to trade sideways - Angel Broking

Rupee
* Last week, USDINR spot depreciated by 0.26 percent owing to risk aversion in the markets that prompted the traders to play safe which dented the demand for the rupee.
* Moreover, weak economic datasets from the nation like inflation, industrial/manufacturing production and balance of trade data added to the woes.
* In the recent RBI

Buy EURINR around 70.30 Target 70.70 Stop loss 70.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures opened firm but failed to sustain at higher levels and traded with bearish sentiments throughout the session. However, it witnessed some recovery from lower levels mainly due to short covering, finally closed with losses. Momentum Indicator RSI for 14-day period is poised at 50.20 in the oversold zone in 1 –hou