Dollar advances on upbeat job data - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.22 percent on Friday’s trading session against basket of six major currencies on the back of upbeat job data from US. Job report showed that more than expected jobs were created. As per US Non-Farm payrolls data 222K more jobs were added in the economy. After the bright data traders expect US Federa

Fed has lowered Q2 GDP forecasts to 2.7% from 3% earlier - IIFL

FX

Euro reclaimed 1.14 mark against greenback as minutes of the recent ECB policy meeting revealed that the central bank is open to pare back monetary stimulus gives the fact that economy has garnered momentum. There is an expectation on the streets that ECB will start tapering monthly bond purchases soon, probably from early next year. Euro also remai

JPYINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot strengthened by 0.12 percent owing to persistent selling of US Dollar by exporters and banks. Also, weakness in the American currency post the disappointing release of employment data and FOMC meeting minutes from the US added support to the I

USDINR trading range for the day is 64.82-65.08 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.82-65.08.

* Rupee traded little changed as investors refrain from taking significant positions ahead of US labour market data.

* Activity in India's dominant service sector expanded at its fastest pace in eight months in

Dollar steadies against its peers, ECB monetary policy minutes eyed - GEPL

Dollar steadies against its peers, ECB monetary policy minutes eyed

Market Commentary

* The dollar steadied against its peers early on Thursday after the Federal Reserve's policy meeting minutes took the wind out of its advance, with the market awaiting comments by central bankers and U.S. data for its ne

Reuter`s survey expects Eurozone`s economy to have grown by 0.7% - IIFL

FX

US dollar strengthened against Euro, however, the flow of macroeconomic numbers continues to remain constructive for the Euro region. In this respect, Reuter’s survey expects Euro zone’s economy to have grown by 0.7% during Q2’17 amid increasingly positive business expectations. Meanwhile, European retail sales grew on a strong not

GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot weakened marginally by 0.03 percent as markets played safe prior to the release of FOMC meeting minutes where the officials continued to view gradual rate hikes as appropriate, while starting the process of unwinding their $4.5 trillion balance

JPYINR trading range for the day is 57.09-57.62 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.77-65.19.

* Rupee weakened on selling by banks and also as investors awaited minutes from the Federal Reserve's latest meeting and U.S. jobs data later in the week.

* Activity in India's dominant service sector expand

Dollar up after US Federal Reserve monetary policy meeting minutes - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.07 percent in yesterday’s trading session against basket of six major currencies as US Federal Reserve monetary policy meeting minutes showed that policymakers continued to view gradual interest rate hike as appropriate. However, sharp gain was prevented on disappointing data from US and as minutes

GBPINR trading range for the day is 83.75-84.46 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.79-65.17.

* Rupee gained on buying by foreign banks including Deutsche Bank on behalf of exporters and higher US Treasury Yields.

* The RBI raised the investment limits by foreign investors in government bonds by 110 billion r

Pound plunges on disappointing economic data - Sharekhan

US Dollar Index (DX):

US Dollar ended flat in yesterday’s trading session against basket of six major currencies on account of Independence Day holiday in the U.S. In Intraday Dollar Index touched a high of 96.333 and closed at 96.218 against Dollar.

 

Outlook:

Dollar is expect

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot strengthened by 0.1 percent on account of fresh dollar selling by exporters and banks amid lower dollar in the overseas market. Moreover, the new adopted tax regime in India i.e. the GST bill has revived positive sentiments on hopes that it sha

GBPINR spot (CMP - 84.10) is expected to trade higher - Angel Broking

Rupee

In the last week, the Indian Rupee appreciated by 0.21 percent due to the following reasons:

* Fall in the US Dollar Index by more than 1 percent in the last week after the announcement of delay in health care vote.

* Asian currencies traded higher after the world’s major central bankers signalled at the possibility of

USDINR spot is likely to depreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot depreciated by 0.4 percent on account of renewed strength in the DX post robust manufacturing numbers from the US. Latest ISM report showed economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 97

EURINR trading range for the day is 73.83-74.35 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.71-65.32.

* Rupee dropped as pressure seen after RBI surprise markets by announcing it will sell government securities worth Rs 100 billion this week.

* India's manufacturing activity expanded at the weakest pace in four

Dollar recovered after upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.62 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat manufacturing data from US. Manufacturing data showed that the activity in the sector improved. Further, rise in US bond yields supported Dollar. In Intraday Dollar Index touched a high of 96.239 an

Sterling has also remained resilient - IIFL

FX

US dollar  witenessed the worst quarterly performance (Q2’ 17) in seven Years, while Euro has strengthened  considerable of late given the flow of Stable macroeconomic numbers and indications that ECB  might taper the bond purchases later this year. Sterling has also remained resilient after BOE indicated that it will hike interest rates later

Dollar recovered after upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar slightly recovered on Friday’s trading session against basket of six major currencies on the back of upbeat economic data from US. US Chicago PMI rose to 65.7 in June compared to 59.4 in May. US Revised UoM Consumer Sentiment index improved to 95.1 in June compared to initial estimate of 94.5. However, a sharp gai

USDINR trading range for the day is 64.63-65.15 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.63-65.15.

* Rupee settled flat tracking outflows from local stocks, buying by foreign banks amid dollar demand by oil importers.

* The RBI estimated that CPI Inflation could be higher by 100-150 basis points and persist for 6

Sell NSE USDINR July between 65.00 - 65.10, SL - 65.40, Target - 64.50/64.30 - Angel Broking

NSE USDINR July (CMP – 64.80)

NSE USDINR July as seen in the weekly chart above has opened the week with gap down at 64.70 levels and starting of the week it made a weekly low of 64.67 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 65.0500 levels. On the last trading session of the

JPYINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, the Indian Rupee spot appreciated by 0.21 percent on account of weakness in the US Dollar Index after the announcement of delay in health care vote. Furthermore, persistent selling of the dollar by exporters and banks added to the rupee’s strength. However, sh

US dollar is in doldrums, as legislative backdrop - IIFL

FX

US dollar is in doldrums, as legislative backdrop is getting more uncertain given the difficulty in passing new healthcare bills through US Senate. The million dollar question remains that when will Trump Administrations start working on other important legislative agenda (much awaited by the markets) like tax reforms and infrastructure spending. On

GBPINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, the Indian Rupee spot depreciated marginally by 0.24 percent on account of sustained buying of the US Dollar by importers and banks. Domestic markets i.e. Sensex and Nifty traded lower as worries with respect to GST bill weigh on invest