JPYINR: Near key supports - Sharekhan

USDINR: Bears having upper hand

USDINR had faced resistance near 78.6% retracement of the Feb-March fall. From there it has entered correction mode. On the way down the currency pair has broken lower end of a medium term rising channel. The price has fallen below the key daily as well as weekly MAs. Momentum indicators on daily & weekly time frame

Fundamental Currency outlook for September 2016 - Angel Broking

OUTLOOK

US DOLLAR INDEX

On 26th Aug’16, the US Fed Chairwoman spoke about the fading near term risks to the American economy. She also hinted towards a strengthening case for a rate increase in the near term. However, markets are thinking otherwise. Recent release of economic datasets has come out on a w

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The trend of US Dollar Index was mostly mixed in yesterday’s trading session as markets still discounted the disappointing release of non-manufacturing and job data from the nation that grew lesser than the forecasted levels in Aug’16. Even average earnings and unemployment data came on a bitter note which has fueled s

GBPINR trading range for the day is 88.74-89.5. - Kedia

Currency Update

USDINR

*  USDINR trading range for the day is 66.48-66.66.

*  Rupee gained to four-month high as dismal US data lowered prospects of a Federal Reserve rate hike in September.

*  The Reserve Bank of India announced the purchase of Rs 100 billion worth of government securities

Euro currency expected to trade with positive - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.47 percent in yesterday’s trading session on the back of weakness in dollar. Dollar showed weakness as downbeat economic data from US dimmed expectations of near term rate hike from US Federal Reserve. Indian rupee tracked strength in other Asian currencies. Further, rise in risk appetite in the domestic

 GBPINR trading range for the day is 88.76-89.27. - Kedia

Currency Update

USDINR

*   USDINR trading range for the day is 66.64-66.84.

*   Rupee continued its firm trend after weaker than expected US Non-Farm Payroll data lowered bets of a Federal Reserve rate hike in the near-term.

*    The greenback weakened a

Euro is expected to trade sideways as weak DX will keep the shared currency positive - Angel

US DOLLAR INDEX (USD)

US Dollar Index traded lower by more than 1 percent in yesterday’s trading session. Reason behind this weakness could be attributed to the disappointing release of non-manufacturing data from the nation that grew lesser than the forecasted levels in Aug’16. The pace of growth was at its slowest in more than six years.<

Rupee is likely to trade positive - Angel Broking Pvt Ltd

INDIAN RUPEE (USDINR)

The Indian Rupee appreciated by 0.6 percent in the last week as heavy influx of capital into the domestic markets has helped the Indian currency to stay supportive. Moreover, the RBI governor Raghuram Rajan in his foreword to the central bank’s annual report for 2015-16 stated that the economy’s prospects for the curr

Japanese Yen likely to trade positive as weak - Angel Broking Pvt Ltd

INDIAN RUPEE (USDINR)

The Indian Rupee appreciated by 0.3 percent yesterday as heavy influx of capital into the domestic markets has helped the Indian currency to stay supportive. Moreover, persistent selling of the US Dollar Index by exporters and banks further kept the currency strong. Moreover, lower oil prices along with the news that despite slow

Sterling up after upbeat manufacturing data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.01 percent in yesterday’s trading session on the back of weakness in dollar. Indian rupee tracked strength in other Asian currencies. However, sharp gain was prevented on rise in risk aversion in the domestic market, FII outflows from local shares and disappointing macro economic data. Benchmark stock i

JPYINR trading range for the day is 64.65-65.39 - Kedia

Currency Update

USDINR

*  USDINR trading range for the day is 67.11-67.42.

*  Rupee traded in the range on caution ahead of US jobs data amid fears that the new 10-year benchmark bond coupon may be set above 7%.

*   Despite government measures to boost foreign and domest

Sterling up after improved consumer and housing data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.09 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic market and continued FII inflows into local shares. Further, foreign banks were seen selling dollar. Indian Rupee tracked strength in other Asian currencies. Benchmark stock index 50 shares Nifty Index increase

Japanese Yen likely to trade negative - Angel Broking Pvt Ltd

INDIAN RUPEE (USDINR)

The Indian Rupee appreciated by 0.3 percent yesterday as heavy influx of capital into the domestic markets helped the Indian currency to stay supportive. Moreover, persistent selling of the US Dollar Index by exporters and banks further added to the strength.

Markets are still discounting the RBI governor Raghuram Rajan

JPYINR trading range for the day is 64.89-65.61. - Kedia

Currency Update

USDINR

*   USDINR trading range for the day is 67.15-67.48.

*   Rupee traded in the range on hopes that Reserve Bank of India may infuse permanent liquidity

*  via OMO purchase at least by next week.  

*  GST is expected to increa

Euro is expected to trade lower - Angel Broking Pvt Ltd

INDIAN RUPEE (USDINR)

The Indian Rupee traded on a flat note yesterday owing to increased volatility in the global markets after the hawkish comment by the US Fed Chairwoman in her latest speech. Moreover, moth end dollar demand by importers/exporters and banks kept the Indian Rupee sideways.

Morever, the RBI governor Raghuram Rajan in his fo

Dollar near three week high after upbeat economic data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.22 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic market and continued FII inflows into local shares. Benchmark stock index 50 shares Nifty Index increased by 1.59 percent to 8744.35. FII’s net bought stocks worth Rs 390.63 crores yesterday as per provis

USDINR trading range for the day is 67.25-67.5 - Kedia

Currency Update

 USDINR

*  USDINR trading range for the day is 67.25-67.5.

*  Rupee gains on waning fears of Fed rate hike amid hopes that RBI may infuse permanent liquidity via OMO purchase at least by next week.

*   India is expected to clock a GDP growth of near

GBPINR: Faces hurdles - Sharekhan

USDINR:

Upside potential USDINR had faced resistance near the 78.6% retracement mark of the Feb-March fall. After that, it witnessed a short-term correction. On the way down, it broke certain key support levels, but the bulls managed to hold on to the crucial swing low of Rs66.44. The currency pair saw accumulation for a few sessions and then started t

Dollar advances on rate hike expectation - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.17 percent in yesterday’s trading session on the back of strong dollar after hawkish statement from Fed Chair Janet Yellen. She signaled possible rate hike in this year. Further, month end dollar demand from importers added downside pressure. However, sharp fall was prevented on rise in risk appetite in

JPYINR trading range for the day is 65.62-66.55 - Kedia

Currency Update

USDINR

*  USDINR trading range for the day is 67.36-67.59.

*   Rupee extended losses after Federal Reserve Chair Janet Yellen left the door open for interest rate hikes in 2016.

*   Fed’s Yellen appeared to open the door to raise interest rate

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

US DOLLAR INDEX (USD)

The American currency traded on a flat note yesterday. Reason for this sideways movement in the currency could be attributed to the disappointing release of personal spending data from the nation and the hawkish comment by Fed Chairwoman in her recent speech. both these factors, which are contrary in nature, played with the dollar

Sell NSE USDINR September between 67.50 – 67.60, SL – 67.90, Target – 66.90 / 66.60 - Angel

NSE USDINR

NSE USDINR Sept as seen in the weekly chart above has opened the week with gap up at 67.5950 levels and on the same day it made a weekly high of 67.6450 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply towards the weekly low of 67.3075 levels. This week prices have closed above the previous

Dollar under pressure ahead of Fed Chair Janet Yellen speech - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.06 percent in yesterday’s trading session as foreign banks and Exporters sold dollar. Further, Market participants remained cautious ahead of Fed Chair Janet Yellen speech to get hint on future monetary stance. However, sharp gain was prevented on rise in risk aversion in the domestic markets. Benchmark

JPYINR trading range for the day is 66.9-67.13 - Kedia

Currency Update

USDINR

*  USDINR trading range for the day is 67.27-67.45.

*   Rupee fluctuated as investors await for comments from Federal Reserve Chair Janet Yellen.

*  RBI said Indian banks borrowed 8.30B Rupees via marginal standing facility on Aug 23

* &

GBPINR trading range for the day is 88.21-88.93 - Kedia

USDINR

USDINR trading range for the day is 66.96-67.18.

Rupee appreciated on dollar selling by foreign banks amid likely corporate inflows.

Foreign banks were offloading the dollar during afternoon trades lending support to the local currency.

RBI said government surplus cash balance with RBI for auction was 77.15B ru