USDINR trading range for the day is 66.69-67.02 - Kedia

USDINR

* USDINR trading range for the day is 66.69-67.02.

* Rupee retreated on selling by foreign and nationalised bank and on caution ahead of assembly exit polls and results that will be out on Saturday.

* India's growth projection for the financial year ending on March 31 was lowered by three percentage points to 7.3 percent.

Pound slips on disappointing data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.03 percent in yesterday’s trading session on the back of continued FII inflows into local shares. FII’s net bought stocks worth Rs 920.46 crores yesterday as per provisional data from NSE. However, sharp gain was prevented on the back of rise in risk aversion in the domestic markets and as traders

Sell JPYINR around 58.90 Target 58.50 Stop loss 59.10 - Tradebulls

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. However, It witnessed recovery from lower levels. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.60 levels. USD/INR futures likely to trade wi

JPYINR trading range for the day is 58.6-58.88 - Kedia

USDINR

* USDINR trading range for the day is 66.71-66.93.

* Rupee traded up amid weak dollar despite fears of Fed hike next week.

* India's annual infrastructure output growth slowed to 3.4 percent in January from 5.6 percent in the previous month

* US Bureau of Labour and Statistics will release the non-farm payrolls

GBPINR: Re-test of the lows - Sharekhan

USDINR: At a crucial juncture

USDINR is trading in a channel and has taken support at the lower end of the channel and has bounced back. The currency pair may see selling at higher levels and the crucial level on the downside is Rs66.21, below that USDINR can slide up to Rs65.25. Here on, USDINR can fall up to Rs66.21. The daily momentum indicator is p

Euro plunges on uncertainty over French elections - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.10 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data and rate hike expectation in next week FOMC meet. Further, hawkish statements from Fed officials continued to support Dollar. US Federal Reserve Chair Yellen said rate hike “wou

JPYINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR appreciated by 0.15 percent yesterday as markets discount last week’s robust economic datasets from the nation which came better than the expected levels despite demonetization. Manufacturing and service PMI increased to 50.4 and 48.7 respectively in Jan’17 f

Sell JPYINR around 58.90 Target 58.50 Stop loss 59.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. It failed to recover from levels. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.72 levels. USD/INR futures likely to trade with sideways sent

JPYINR trading range for the day is 58.7-59.01 - Kedia

USDINR

*USDINR trading range for the day is 66.83-67.

*Rupee appreciated on buying by foreign banks amid overseas inflows into local stocks ahead of the release of US NFP data.

* India's annual infrastructure output growth slowed to 3.4 percent in January from 5.6 percent in the previous month.

*India's fiscal defi

GBPINR spot (CMP-82.06) is expected to trade lower - Angel

Rupee

Last week, the USDINR depreciated by around 0.01 percent owing to the following factors:

* US Fed Chair dropped a hint of raising interest rates more than planned this year.

* Newly elect US President Donald Trump commented on renewing the US economy which sent Wall Street stocks sharply higher

Sell GBPINR around 82.50 Target 82.00 Stop loss 82.80 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. However, it failed to hold the gains at higher levels and witnessed some downside from intraday high. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 6

USDINR trading range for the day is 66.94-67.1 - Kedia Commodity

USDINR

*USDINR trading range for the day is 66.94-67.1.

*Rupee fell to one week low on selling by State Bank of India and foreign banks.

*India's annual infrastructure output growth slowed to 3.4 percent in January from 5.6 percent in the previous month.

*India's dominant services industry returned to growth in Feb

The dollar set to broad gains as the risk of an imminent U.S. interest rate - Alpha Commodity

Global Market Round Up

* Commodities traded lower on Thursday with bullion witnessed sharp selling in evening session on growing optimism of Fed rate hike, Base metals traded weak witnessing profit booking on stronger dollar while crude oil prices declined on ample supplies in the market.

* The dollar set to broad gains as the risk of an immi

Sell EURINR around 70.80 Target 70.40 Stop loss 71.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.85 levels. USD/INR futures likely to trade with sideways sentiments and 66.95 will be the trend deci

Dollar gains on upbeat economic data - Sharekhan

Dollar gains on upbeat economic data

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.41 percent in yesterday’s trading session against basket of six major currencies on the back of early rate hike expectations and upbeat economic data’s. Number of people filling for jobless claims fell by 19000 for

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated by 0.12 percent as foreign institutional investors continued to buy in local equity markets. Foreign investors have bought $1.56 billion and $508.40 million from local equity and debt markets, respectively. Moreover, sustained selling of

JPYINR trading range for the day is 58.38-58.98 - Kedia

USDINR

*USDINR trading range for the day is 66.81-67.03.

*Rupee appreciated as foreign banks and overseas investors bought local equities and on short squeezing by corporates and foreign institutional investors.

*India's reserve money growth fell by 19.5% from a year ago in the week ended Feb 24, the Reserve Bank of India said i

Us Dollar index has been hovering around 101.50 over - Kedia

Key Highlights

* Rupee reversed sharply after 3-days of gains and closed lower by 13paise to 66.82 against the U.S. dollar, following fresh bouts of dollar demand from importers.

* Overall sentiment turned gloomy following hawkish comments from Federal Reserve officials overnight rekindled prospect of a rate hike later this month even as a st

Dollar advances on early rate hike expectations - sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.65 percent in yesterday’s trading session against basket of six major currencies on the back of early rate hike expectations and upbeat economic data’s. Hawkish statements from Fed officials supported dollar. New York Fed President William Dudley said the case for tightening monetary policy ha

We expect JPYINR to trade lower with support at 58.60 -  LKP Sec

News & Analysis

* USDINR traded strong taking cues from international market ended positive at 67.04.

* The dollar index, which tracks the greenback against a basket of trade-weighted peers, advanced almost 0.5 percent to 101.78. The rally in dollar was also supported by the increased optimism over FED rate hike in next meeting.

Sell USDINR around 67.02 Target 66.85 Stop loss 67.15 - Tradebulls

USD/INR FUTURE VIEW  

USD/INR futures traded with firm sentiments due to short covering from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.85 levels. USD/INR futures likely to trade with sideways sentiments and 66.95 will be the tre