Pound rallied after Inflation data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.24 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic market and weak dollar. Benchmark stock index 50 shares Nifty Index increased by 1.85 percent to 8677.90. Further, FII inflows into local shares supported Rupee. FII’s net bought stocks worth Rs 345.04 c

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The US Dollar Index started off on a weak note however ended higher by mere 0.02 percent in yesterday’s trading session. Reason behind this volatile trend could be attributed to the cautiousness in the market prior to the upcoming US Presidential debate which is likely to happen today. The Presidential debates are very impor

USDINR trading range for the day is 66.65-66.97 - Kedia

USDINR

* USDINR trading range for the day is 66.65-66.97.

* Rupee appreciated tracking overseas inflows into local equities amid dollar selling by foreign banks. 

* The Reserve Bank of India is expected to take advantage of expectations that inflation will remain low in the near-term.

* A further rate cut would help t

USD-INR: Bearish outlook - Sharekhan

USD-INR: Bearish outlook

USDINR had faced resistance near 78.6% retracement of the Feb-March fall. After that, it entered into a correction mode. On the way down, the currency pair has broken the lower end of a medium-term rising channel. The price is finding it difficult to sustain above the key daily as well as weekly MAs. In the last few weeks, USDI

Rupee tumbles on weak market sentiments - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.26 percent in yesterday’s trading session on the back of rise in risk aversion in the domestic market and strong dollar. Dollar gained strength on rate hike expectation in December after strong economic data from US. Benchmark stock index 50 shares Nifty Index decreased by 0.73 percent to 8520.4. Indian

Rupee is likely to trade a bit positive - Angel Broking

US DOLLAR INDEX (USD)

The US Dollar Index traded lower by 0.12 percent yesterday as recent strength in the currency prompted the trader to book profits. Moreover, disappointing release of capacity utilization rate and industrial production data from the nation dented the demand for the US Dollar Index. Furthermore, the campaign for the US presidential

USDINR trading range for the day is 66.78-67.07 - Kedia

USDINR

* USDINR trading range for the day is 66.78-67.07.

* Rupee depreciated after upbeat economic releases in the US strengthened the case of a Federal Reserve rate hike in December.

* India's wholesale prices rose at a slower-than-expected pace in September, gaining 3.57 percent from a year earlier, government data showed.

Dollar rises after upbeat economic data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.34 percent on Friday’s trading session on the back of rise in risk appetite in the domestic market after the ease in inflation raised the hope of another rate cut by RBI. Further, foreign banks were seen selling dollars. Benchmark stock index 50 shares Nifty Index increased by 0.12 percent to 8583.40. H

Japanese Yen likely to trade lower - Angel Broking

US DOLLAR INDEX (USD)

The US Dollar Index traded higher by more than 1 percent in the last week’s trading session. Reason for the same could be attributed to the robust release of economic datasets from the nation like retail sales, unemployment claims and Producer Price Index from the nation. Moreover, the hawkish tone in the US Fed Chairwoman&

GBPINR trading range for the day is 81.29-82.28 - Kedia Commodity Ltd

Currency Update

*   USDINR trading range for the day is 66.67-67.07.

*   Rupee gained on dollar selling by foreign banks even as investors await key economic data from US and Fed’s Yellen speech.

*    India's wholesale prices rose at a slower-than-expected pace in September, gaining 3.57 percent f

We expect USDINR prices to find support in the range of 66.60 – 66.50 levels - Angel Broking

NSE USDINR

NSE USDINR Oct as seen in the weekly chart above has opened the week with gap down at 66.76 levels and at the starting of the week prices have corrected sharply and made a weekly low of 66.66 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 67.0825 levels. At the last trading ses

EURINR trading range for the day is 73.52-74.4 - Kedia

USDINR

* USDINR trading range for the day is 66.78-67.21.

* Rupee dropped as the minutes of Federal Reserve's September policy meeting minutes hinted at a rate hike in December.

* The Fed minutes showed the US central bank was moving closer to raising interest rates this year.

* India's industrial output contr

Yen advances on safe haven demand - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.60 percent in yesterday’s trading session on the back of rise in risk aversion in the domestic market and strong dollar. Dollar gained strength as US Federal Reserve Meeting minutes fuelled the expectation of rate hike in December. Benchmark stock index 50 shares Nifty Index decreased by 1.56 percent to

Rupee is likely to trade negative - Angel Broking

US DOLLAR INDEX (USD)

In spite of the robust release of unemployment claims data from the nation, the US Dollar Index traded lower by 0.45 percent yesterday as recent surge in the currency prompted the traders to book profits. However, sharp losses were capped as markets are still discounting the FOMC Meeting Minutes that indicated at the possibility o

Dollar advances after FOMC meeting Minutes - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.20 percent on Monday’s trading session on the back of rise in risk appetite in the domestic market. Benchmark stock index 50 shares Nifty Index increased by 0.13 percent to 8708.8. However, sharp gain was prevented on the back of strong dollar and as investors remained cautious ahead of macroeconomic dat

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

US DOLLAR INDEX (USD)

US Dollar Index traded higher by 0.28 percent yesterday after the FOMC Meeting Minutes indicated at the possibility of a rate hike in the near future. The policy members were divided in their views over the labor market ultimately agreeing to US Fed Chairwoman’s argument for holding the interest rates at its present levels f

USDINR trading range for the day is 66.58-66.82 - Kedia

USDINR

* USDINR trading range for the day is 66.58-66.82.

* Rupee climbed as the U.S. dollar weakened and on signs overseas demand for Indian stocks is intact.

* Foreign investors have bought a net $245 million of local shares in October, set for an eighth straight month of inflows, data showed.

* India's September CP

USD-INR: Downside potential - Sharekhan

USD-INR: Downside potential

The USD-INR had faced resistance near the 78.6% retracement of the February-March 2016 fall. From there it had entered a correction mode. On the way down the currency pair broke the lower end of a medium-term rising channel. The price is finding it difficult to sustain above the key daily as well as weekly moving averages (M

USDINR prices to find support in the range of 66.60 – 66.50 levels - Angel Broking

NSE USDINR

NSE USDINR Oct as seen in the weekly chart above has opened the week with gap down at 66.80 levels and at the starting of the week prices have corrected sharply and made a weekly low of 66.62 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 67.0250 levels. At the last trading ses

Dollar plunges after weak job data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.02 percent on Friday’s trading session on continued FII inflows into local shares. FII’s net bought stocks worth Rs 56.25 crores on Friday as per provisional data from NSE. However, sharp gain was prevented on the back of strong dollar and rise in risk aversion in the domestic markets. Further, ru

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

US Dollar Index traded higher by more than 1 percent in the last week after robust release of unemployment claims data from the nation infused hopes of a possible rate hike in the coming FOMC meeting. Filings for unemployment benefits fell almost to the lowest level since 1973. Manufacturing PMI and nonmanufacturing data has also

JPYINR trading range for the day is 64.31-64.73 - Kedia

Currency Update

USDINR

* USDINR trading range for the day is 66.7-67.1.

* Rupee traded flat as investors turned cautious ahead of the US NFP data.

* The Reserve Bank of India has embarked on a significant but potentially risky shift towards greater tolerance of higher inflation.

*

Fundamental outlook for October 2016 - Angel Broking

OUTLOOK

US DOLLAR INDEX

The month of Oct’16 is going to be very crucial for US Dollar Index as US Presidential Election nears. Market followers will keep a close eye on the final Presidential debate that is likely to take place on 19th Oct’16. The Presidential debates are very important as half of

Dollar advances on upbeat job data - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.28 percent in yesterday’s trading session on the back of strong dollar and rise in risk aversion in the domestic markets. Further, rupee tracked weakness in other Asian currencies. Benchmark stock index 50 shares Nifty Index decreased by 0.39 percent to 8709.55. Investors remained cautious ahead of job d

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

US DOLLAR INDEX (USD)

US Dollar Index traded higher by 0.68 percent yesterday as robust release of unemployment claims data from the nation has infused hopes of a possible rate hike in the coming FOMC meeting. Filings for unemployment benefits fell almost to the lowest level since 1973.

Manufacturing PMI and non-manufacturing data has also c