Dollar continues to trade above 1 week low, focus on US jobs data - GEPL

Market Commentary

* The dollar fell to its lowest in a week against a basket of major currencies on Thursday after Republicans in the U.S. House of Representatives released proposals to overhaul the tax code. The greenback recovered some of its losses, but remained lower and had minimal reaction to the announcement Federal Reserve Governor Jerome Powe

GBPINR spot fell by more than 1 percent yesterday - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot traded on a flat note yesterday on account of lower DXY in the overseas markets. Republicans in the US House of Representatives released proposals to overhaul the tax code while the US President Trump nominated Jerome Powell to head U.S. Federal Reserve w

EURINR trading range for the day is 75.38-75.77 - Kedia

USDINR

* USDINR trading range for the day is 64.57-64.99.

* Rupee snapped three-day gains on selling by oil importers and after FOMC refrained from signalling any negative surprises.

* The Fed kept interest rates unchanged, as was widely expected while leaving the door open for a December rate hike.

* Indian factory activ

Dollar off 3-1/2 month high against yen, markets await delayed US tax bill - GEPL

Market Commentary

* The dollar pulled back from a 3-1/2-month high versus the yen. The dollar slipped 0.15 percent to 114.030 yen. It had gained about 0.5 percent overnight and approached 114.450, its highest level since July 11 set on Friday, underpinned by upbeat U.S. data

* The ADP National Employment survey showed private employers added

Euro spot plunged by 0.55 percent yesterday - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.28 percent yesterday on account of increased uncertainty about the prospects of US tax cuts and possibility of President Donald Trump picking Jerome Powell to lead the Federal Reserve. USDINR spot is expected to appreciate as the US Feds

JPYINR trading range for the day is 56.71-57.25 - Kedia

USDINR

* USDINR trading range for the day is 64.56-65.13.

* Rupee traded at six-week high on likely foreign fund inflows into local stocks amid subdued dollar ahead of US Federal Reserve's monetary policy decision.

* Indian factory activity barely expanded in October as new orders fell, a survey showed, as price rises following

Dollar gains as focus shifts on Fed chair decision - GEPL

Market Commentary

*  The dollar edged higher on Wednesday, as investors awaited the outcome of the U.S. Federal Reserve's two-day policy meeting later in the session for clues about future tightening.

* The dollar index added 0.1 percent to 94.598. DXY, though it remained shy of Friday's three-month high of 95.150.

* D

GBPINR trading range for the day is 85.72-86.1 - Kedia

USDINR

* USDINR trading range for the day is 64.85-65.16.

* Rupee strengthened to two-week high on buying by foreign banks on behalf of exporters amid weak dollar.

* India reported fiscal deficit of 4.99 trillion rupees for April-September or 91.3 percent of the budgeted target for the current fiscal year that ends in March 2018.

Dollar dips vs yen, euro pushes higher - GEPL

Market Commentary

* The dollar set a one-week low against the yen on Tuesday as investors turned cautious after U.S. President Donald Trump's former campaign manager was charged with money laundering in the federal probe into Russian meddling in the 2016 presidential election.

* The dollar held steady at 113.15 yen, after slipping as low

JPYINR trading range for the day is 57.26-57.5 - Kedia

USDINR

* USDINR trading range for the day is 64.92-65.27.

* Rupee strengthened on buying by exporters amid weakness in dollar ahead of Federal Reserve's monetary policy meeting and decision to pick the next Fed Chair.

* India's wholesale price inflation eased unexpectedly in September, after accelerating in the previous two

JPYINR trading range for the day is 57.11-57.47 - Kedia

USDINR

*  USDINR trading range for the day is 64.95-65.51.

* Rupee weakened as the dollar gained sharply to three-week high after the European Central Bank's decision to extend its bond purchase program.

* Investors believe a tax overhaul would likely boost the US economy and push the Federal Reserve to increase interest ra

Euro crashes to 3-month lows as ECB decides to extend bond buying - GEPL

Market Commentary

* The dollar stood tall on Friday, on track for weekly gains, while the euro slumped to three-month lows after the European Central Bank extended its bond purchases and reduced the chances that it would hike interest rates in 2018.

* The ECB prolonged its bond buying programme by nine months to September 2018, and left the

EURINR trading range for the day is 76.72-77.23 - Kedia

USDINR

* USDINR trading range for the day is 64.85-65.28.

* Rupee rose to over one-week high on buying by exporters amid weak dollar even as await monetary policy decision from the European Central Bank.

* India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in l

Dollar slips below 2-1/2 week high, Sterling advances on upbeat data - GEPL

Market Commentary

* The dollar slipped on Wednesday against a basket of currencies, struggling to post further gains.

* The dollar index was down 0.1 percent at 93.696, holding below a 2-1/2 week high of 94.017 set on Monday.

* Sterling climbed almost 1 percent to an eight-day high of 1.3271 after stronger-than-expected U.K. growth