Rupee is likely to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

US Dollar Index traded lower by 0.4 percent in the last week as markets discounted the outcome of Sep’16 FOMC meeting where the interest rates was left unchanged. The US central bank slowed the pace of future hikes and cut its longer run interest rate forecast to 2.9 percent from 3 percent, but hinted at the possibility of a

USDINR trading range for the day is 66.57-66.81 - Kedia

USDINR

USDINR trading range for the day is 66.57-66.81.

Rupee settled flat on rising bets of a rate cut by RBI at the policy due October and on buying by nationalised banks.

Markets speculate of further easing of 25bps by RBI following the recent cool down in inflationary pressures in the month of August.

India unexpe

Rupee gains on upbeat market sentiments - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.52 percent in yesterday’s trading session on the back of weakness in dollar and rise in risk appetite in the domestic markets. Dollar weakened as US Federal Reserve refrained from increasing rates and projected less aggressive rise of interest rates in coming years. Further, FII inflows into local shares

Euro is expected to trade lower - Angel Broking

US DOLLAR INDEX (USD)

US Dollar Index traded lower by 0.3 percent as markets discounted the outcome of Sep’16 FOMC meeting where the interest rates was left unchanged. The US central bank slowed the pace of future hikes and cut its longer run interest rate forecast to 2.9 percent from 3 percent, but hinted at the possibility of a rate hike by th

USDINR trading range for the day is 66.52-67.05 - Kedia

USDINR

* USDINR trading range for the day is 66.52-67.05.

* Rupee gains after Fed kept interest rates unchanged while lowering growth projections in the world's largest economy.

* India unexpectedly posted a slight current account deficit in the April-June quarter, contrasting with expectations.

* The dollar index weak

Dollar plunges after FOMC meeting - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.01 percent in yesterday’s trading session as investors remained cautious ahead of key monetary policy meetings in US. US Federal Reserve was likely to refrain from raising interest rates in this meeting. More focus remained on the statements from the central bank to get the hint on future monetary stance

USDINR trading range for the day is 66.96-67.3 - Kedia

USDINR

* USDINR trading range for the day is 66.96-67.3.
* Rupee traded flat awaiting the outcome of US Federal Open Market Committee (FOMC), and on buying by foreign banks.
* India's merchandise exports contracted 0.3 percent year-on-year to $21.5 billion in August, government data showed.
* Indian consumer inflation fell

Rupee is likely to trade higher in today - Angel Broking

US DOLLAR INDEX (USD)

The FOMC meeting was very important for the US Dollar Index which ended lower by 0.3 percent in yesterday’s trading session. The US Federal Reserve kept the key policy rates unchanged and hinted at the possibility of a rate hike by the end of 2016.

Markets believe that Dec’16 would be that month since Nov&rs

Rupee slips on weak market sentiments - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.07 percent in yesterday’s trading session on the back of rise in risk aversion in the domestic markets and FII outflows from local shares. Benchmark stock index 50 shares Nifty Index decreased by 0.37 percent to 8775.9. FII’s net sold stocks worth Rs 1146.93 crores yesterday as per provisional data

Sterling   Pound   is   expected   to   trade   lower - Angel Broking

US DOLLAR INDEX (  USD)

 The US Dollar Index had a volatile start and ended higher 0.2  percent yesterday as investors speculates whether the US Fed will  hike interest rates or not in today’s monetary policy review.  Markets are expecting no rate hike move in the upcoming polic  y  meet; discounting the dovish

 JPYINR trading range for the day is 65.61-66.13 - Kedia

Currency Update

USDINR

*  USDINR trading range for the day is 66.97-67.23.

*  Rupee remained in the range on dollar demand from oil importers amid overseas funds outflow from local equities.

*   India's merchandise exports contracted 0.3 percent year-on-year to $21

USDINR: Poised for upside - Sharekhan

USDINR: Poised for upside

In the last few sessions, USDINR has rallied after a sharp fall. The currency pair witnessed a reversal from the lower Bollinger Band. On the way up, the price has crossed the key DMAs as well as a short-term falling trendline, and is consolidating over there. The daily momentum indicator has triggered a fresh bullish crossove

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The US Dollar Index traded lower by 0.3 percent yesterday as investors plays safe prior to the FOMC monetary policy meeting that is scheduled to be held today and tomorrow. This cautious stance and the recent strength in the currency have prompted the traders to book profits.

Markets are expecting no rate hike move in th

Dollar slips ahead of major central bank policy meetings - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.03 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic markets and FII inflows into local shares. Benchmark stock index 50 shares Nifty Index increased by 0.33 percent to 8808.4. FII’s net bought stocks worth Rs 205.38 crores yesterday as per provisional dat

EURINR trading range for the day is 74.57-75.3 - Kedia

USDINR

* USDINR trading range for the day is 66.91-67.16.

* Rupee settled flat as investors await the outcome of the two-day Federal Reserve policy meeting. 

* India's merchandise exports contracted 0.3 percent year-on-year to $21.5 billion in August, government data showed.

* Investors preferred to remain on

Buy NSE USDINR Sept between 66.80 – 66.90, Stoploss – 66.60, Target – 67.30 / 67.50 - Angel Broking

NSE USDINR

NSE USDINR Sept as seen in the weekly chart above has opened the week with gap up at 67.0675 levels. During this week prices have moved between major support (66.90) and resistance levels (67.30). In the mid of the week prices have bounced back from lower levels and made a weekly high of 67.26 levels. This week prices have closed above the p

Rupee is likely to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

In spite of the recent dovish comments by Boston Fed President Eric Rosengren and Fed Governor Lael Brainard, US Dollar Index traded higher by 0.8 percent in the last week.

Reason behind this sudden upswing could be attributed to the robust release of inflation data from the nation on 16th Sep’16. Due to sharp ris

Dollar advances on better than expected inflation data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.07 percent on Friday’s trading session on the back of rise in risk appetite in the domestic markets and FII inflows into local shares. Benchmark stock index 50 shares Nifty Index increased by 0.43 percent to 8779.85. FII’s net bought stocks worth Rs 660.59 crores on Friday as per provisional data

USDINR trading range for the day is 66.85-67.26 - Kedia

USDINR

USDINR trading range for the day is 66.85-67.26.

Rupee settled flat as likely overseas fund inflows into local stocks offset the continuous dollar buying by nationalised and foreign banks. 

India's annual consumer price inflation eased to 5.05 percent in August, helped by smaller rises in food prices, government

Pound slips as BOE hints further rate cut - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.21 percent in yesterday’s trading session on the back of mixed macro economic data. Further, media reported that India commerce and finance ministers were likely to discuss proposal about possibly devaluing rupee. However, sharp fall was prevented on the back of rise in risk appetite in the domestic mar

USDINR trading range for the day is 66.76-67.45 - Kedia

USDINR

* USDINR trading range for the day is 66.76-67.45.

* Rupee dropped after report that the commerce ministry will propose devaluation in the unit to the government to promote dwindling exports.

* The finance ministry denied that the government was discussing a possible devaluation of the rupee.

* India's merc

Rupee is likely to trade sideways to lower - Angel Broking

US DOLLAR INDEX (USD)

US Dollar Index traded on a flat note in yesterday’s trading session owing to the disappointing release of economic datasets from the nation. Decline in consumer spending has affected retail sales which fell by more than the forecasted levels in August’16. Industrial production, Producer Price Index and capacity utili

Sterling Pound is expected to trade sideways - Angel Broking

US DOLLAR INDEX (USD)

US Dollar Index fell by 0.3 percent in yesterday’s trading session as latest comments by Fed Governor Lael Brainard on Monday that the Federal Reserve should avoid removing support for the U.S. economy too quickly, adding to bets the central bank would leave interest rates unchanged next week, has added to confusion regardi

Yen advance on safe haven demand - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.05 percent in yesterday’s trading session on the back of weak dollar and rise in risk appetite in the domestic markets. Further, foreign banks were seen selling dollars. Benchmark stock index 50 shares Nifty Index increased by 0.13 percent to 8726.6. However, sharp gain was capped on back of weak economi

EURINR trading range for the day is 74.91-75.79 - Kedia

USDINR

* USDINR trading range for the day is 66.83-67.3.

* Rupee settled flat as weakness seen was limited on dollar selling by foreign banks.

* The consumer price index-based inflation fell to 5.05% in August, easing within the inflation targeting range of 2-6% target.

* India’s industrial output decelerated in