JPYINR trading range for the day is 65.61-66.13 - Kedia

Currency Update

USDINR

*  USDINR trading range for the day is 66.97-67.23.

*  Rupee remained in the range on dollar demand from oil importers amid overseas funds outflow from local equities.

*   India's merchandise exports contracted 0.3 percent year-on-year to $21

USDINR: Poised for upside - Sharekhan

USDINR: Poised for upside

In the last few sessions, USDINR has rallied after a sharp fall. The currency pair witnessed a reversal from the lower Bollinger Band. On the way up, the price has crossed the key DMAs as well as a short-term falling trendline, and is consolidating over there. The daily momentum indicator has triggered a fresh bullish crossove

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The US Dollar Index traded lower by 0.3 percent yesterday as investors plays safe prior to the FOMC monetary policy meeting that is scheduled to be held today and tomorrow. This cautious stance and the recent strength in the currency have prompted the traders to book profits.

Markets are expecting no rate hike move in th

Dollar slips ahead of major central bank policy meetings - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.03 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic markets and FII inflows into local shares. Benchmark stock index 50 shares Nifty Index increased by 0.33 percent to 8808.4. FII’s net bought stocks worth Rs 205.38 crores yesterday as per provisional dat

EURINR trading range for the day is 74.57-75.3 - Kedia

USDINR

* USDINR trading range for the day is 66.91-67.16.

* Rupee settled flat as investors await the outcome of the two-day Federal Reserve policy meeting. 

* India's merchandise exports contracted 0.3 percent year-on-year to $21.5 billion in August, government data showed.

* Investors preferred to remain on

Buy NSE USDINR Sept between 66.80 – 66.90, Stoploss – 66.60, Target – 67.30 / 67.50 - Angel Broking

NSE USDINR

NSE USDINR Sept as seen in the weekly chart above has opened the week with gap up at 67.0675 levels. During this week prices have moved between major support (66.90) and resistance levels (67.30). In the mid of the week prices have bounced back from lower levels and made a weekly high of 67.26 levels. This week prices have closed above the p

Rupee is likely to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

In spite of the recent dovish comments by Boston Fed President Eric Rosengren and Fed Governor Lael Brainard, US Dollar Index traded higher by 0.8 percent in the last week.

Reason behind this sudden upswing could be attributed to the robust release of inflation data from the nation on 16th Sep’16. Due to sharp ris

Dollar advances on better than expected inflation data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.07 percent on Friday’s trading session on the back of rise in risk appetite in the domestic markets and FII inflows into local shares. Benchmark stock index 50 shares Nifty Index increased by 0.43 percent to 8779.85. FII’s net bought stocks worth Rs 660.59 crores on Friday as per provisional data

USDINR trading range for the day is 66.85-67.26 - Kedia

USDINR

USDINR trading range for the day is 66.85-67.26.

Rupee settled flat as likely overseas fund inflows into local stocks offset the continuous dollar buying by nationalised and foreign banks. 

India's annual consumer price inflation eased to 5.05 percent in August, helped by smaller rises in food prices, government

Pound slips as BOE hints further rate cut - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.21 percent in yesterday’s trading session on the back of mixed macro economic data. Further, media reported that India commerce and finance ministers were likely to discuss proposal about possibly devaluing rupee. However, sharp fall was prevented on the back of rise in risk appetite in the domestic mar

USDINR trading range for the day is 66.76-67.45 - Kedia

USDINR

* USDINR trading range for the day is 66.76-67.45.

* Rupee dropped after report that the commerce ministry will propose devaluation in the unit to the government to promote dwindling exports.

* The finance ministry denied that the government was discussing a possible devaluation of the rupee.

* India's merc

Rupee is likely to trade sideways to lower - Angel Broking

US DOLLAR INDEX (USD)

US Dollar Index traded on a flat note in yesterday’s trading session owing to the disappointing release of economic datasets from the nation. Decline in consumer spending has affected retail sales which fell by more than the forecasted levels in August’16. Industrial production, Producer Price Index and capacity utili

Sterling Pound is expected to trade sideways - Angel Broking

US DOLLAR INDEX (USD)

US Dollar Index fell by 0.3 percent in yesterday’s trading session as latest comments by Fed Governor Lael Brainard on Monday that the Federal Reserve should avoid removing support for the U.S. economy too quickly, adding to bets the central bank would leave interest rates unchanged next week, has added to confusion regardi

Yen advance on safe haven demand - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.05 percent in yesterday’s trading session on the back of weak dollar and rise in risk appetite in the domestic markets. Further, foreign banks were seen selling dollars. Benchmark stock index 50 shares Nifty Index increased by 0.13 percent to 8726.6. However, sharp gain was capped on back of weak economi

EURINR trading range for the day is 74.91-75.79 - Kedia

USDINR

* USDINR trading range for the day is 66.83-67.3.

* Rupee settled flat as weakness seen was limited on dollar selling by foreign banks.

* The consumer price index-based inflation fell to 5.05% in August, easing within the inflation targeting range of 2-6% target.

* India’s industrial output decelerated in

Pound plunges after downbeat economic data - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.36 percent on Monday trading session on the back of strong dollar and rise in risk aversion in the global markets. Hawkish statement from Fed official fuelled expectation of early rate hike by US Federal Reserve. Traders remained careful ahead of macro economic data. Benchmark stock index 50 shares Nifty Inde

USDINR trading range for the day is 66.89-67.21 - Kedia

USDINR

* USDINR trading range for the day is 66.89-67.21.

* Rupee depreciated for the third straight day after Boston Federal Reserve President Eric * Rosengren favoured an interest rate increase.

* Growth in India's services industry accelerated to its fastest pace in more than 3-1/2 years in August, driven by a surge in d

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

US Dollar Index rose by 0.6 percent in yesterday’s trading session amid a decline in US stocks and rising bond yields. Recent dovish comments by Boston Fed President Eric Rosengren and Fed Governor Lael Brainard have reduced expectations of a rate hike in Sep’16 monetary policy review.

Both the policymakers

Euro is expected to trade lower - Angel Broking Pvt Ltd

Euro

Weekly Price Performance

• Euro currency traded higher by 0.8 percent in the last week as weak release of economic datasets from the US has dimmed the possibility of a rate hike in Sep’16 monetary policy review thereby keeping the DX pressurized.

• Moreover, markets discounted t

For the next week we expect USDINR prices to find - Angel Broking

NSE USDINR

NSE USDINR Sep as seen in the weekly chart above has opened the week with gap down at 66.7600 levels and at the starting of the week prices have corrected sharply and made a low of 66.5225 levels. Later on prices could not able to sustain on lower levels and rallied sharply towards the weekly high of 66.9150 levels. This week prices closed b

Euro is expected to trade sideways - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

US Dollar Index traded lower by 0.5 percent in the last week as markets discount the statement made by Boston Fed President Eric Rosengren who warned that keeping interest rates for longer time will overheat America’s economy. Slowdown in the overseas economy has prompted the US Federal Reserve to keep the borrowing rates at

JPYINR trading range for the day is 64.9-65.58 - Kedia

Currency Update

 USDINR

*     USDINR trading range for the day is 66.59-67.06.

*    Rupee dropped on likely overseas funds outflow from local stocks as risk appetite thinned.  

*    Nationalised banks were continuously buying the g

Dollar up after upbeat job data - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.08 percent in yesterday’s trading session on the back of strong dollar. Indian rupee tracked weakness in other Asian currencies. Traders remained cautious ahead of European Central Bank policy meeting. However, sharp downside was prevented on the back of rise in risk appetite in the domestic market and FII inflo

Sterling Pound is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

US Dollar Index traded higher by 0.1 percent in yesterday’s trading session. Reason behind this strength could be attributed mostly to the robust release of unemployment claims data from the nation. Unemployment Claims for the week ending 2nd Sep’16 declined to 259K from previous week’s 263K.

Filings f

USDINR trading range for the day is 66.49-66.75 - Kedia

USDINR

USDINR trading range for the day is 66.49-66.75.
Rupee settled flat on buying by nationalised banks on behalf of importers even as investors await policy decision by European Central Bank.
Foreign banks were selling around Rs 66.38-66.39/$1 levels which limited the gains in the greenback.
India will press ahead with tax