Yen advances on safe haven demand - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.05 percent in yesterday’s trading session on the back of rise in demand for dollar from importers. Further, US Federal Reserve Yellen signaled faster pace of rate increase this year. Continued FII outflows from local shares added downside pressure. FII’s net sold stocks worth Rs 288.8 crores yeste

JPYINR is expected to be strong owing to surge in safe-haven demand - Angel Broking

Indian rupee

Indian Rupee appreciated slightly by 0.01 percent yesterday. Reason behind this strength could be attributed to hopes for a speedy rollout of GST in the upcoming Budget session. Moreover, weakness in the American currency post President elect Trump’s comments that their strong currency was hurting their trade, boosted upside and push

JPYINR trading range for the day is 59.45-60.44 - Kedia

Currency Update

USDINR

*USDINR trading range for the day is 67.92-68.41.

* Rupee traded in range on dollar selling by foreign banks after US Trump's inauguration speech did not chalk out details of his fiscal policies.

* Indian banks' loans rose 5.1 percent in the two weeks to Jan. 6 from a year

Buy NSE USDINR Jan between 68.00 – 67.90, SL – 67.70, Target – 68.50 / 68.60 - Angel Broking

NSE USDINR

NSE USDINR Jan as seen in the weekly chart above has opened the week with gap up at 68.36 levels and starting of the week it made a weekly high of 68.3850 levels. Later on as prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 67.96 levels. At the last trading session of the week prices have again

Dollar fell after Trump’s inauguration Speech - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.07 percent on Friday’s trading session on the back of strong dollar. Demand for greenback improved after US Federal Reserve Yellen signaled faster pace of rate increase this year. Further, traders remained cautious ahead of US president elect Donald Trump’s inauguration. Rise in risk aversion in t

USDINR is likely to appreciate tracking gains in Asian market equities - Angel Broking

Indian rupee

In the last week, the Indian Rupee appreciated by 0.16 percent. Reason behind this strength could be attributed to hopes for a speedy roll-out of GST in the upcoming Budget session. Moreover, weakness in the American currency post President elect Trump’s comments that their strong currency was hurting their trade, boosted upside and

USDINR trading range for the day is 67.98-68.41 - Kedia

Currency Update

USDINR

* USDINR trading range for the day is 67.98-68.41.

* Rupee depreciated tracking overseas outflows from local shares amid dollar demand from oil importers.

* The Reserve Bank of India is working on a plan to reduce online transaction costs as it tries to encourage mo

Indian Rupee depreciates on faster US rate hike expectations - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.06 percent in yesterday’s trading session on the back of strong dollar. Demand for greenback improved after US Federal Reserve Yellen signaled faster pace of rate increase this year. Further, traders remained cautious ahead of European Central bank monetary policy and US president elect Donald Trump&rsq

Sterling Pound will trade higher - Angel Broking

Indian rupee

USDINR appreciated by 0.18 percent in yesterday's trading session amid hopes for a speedy roll-out of GST in the upcoming Budget session. Moreover, sustained selling of the US Dollar acted as a positive factor. However, sharp gains were restricted as markets are playing safe prior to the President-elect Donald Trump’s inauguratio

GBPINR trading range for the day is 83.58-84.45 - Kedia

Currency Update

USDINR

* USDINR trading range for the day is 68.07-68.39.

* Rupee depreciated for the second straight after Federal Reserve Chair Janet Yellen signalled towards a faster pace of interest rate hikes in 2017.

* Fed Chair Yellen said in a speech that the Fed is nearing its goals for inflatio

Dollar surged on Yellen comments on interest rate - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.17 percent in yesterday’s trading session on the back of strong dollar. Further, traders remained cautious ahead of US Federal Reserve Chair Yellen speech and US president elect Donald Trump’s inauguration. However, sharp downside was prevented on rise in risk appetite in the domestic markets and

EURINR trading range for the day is 72.54-73.02 - Kedia

USDINR

USDINR trading range for the day is 67.88-68.29.

Rupee snapped two-day gain on dollar buying by oil importers amid strength in the greenback before US president-elect Donald Trump's oath-taking ceremony.

Indian banks aim to boost credit growth with sharp rate cuts

India's trade deficit narrowed to $10.37 bil

Sterling Pound will trade lower - Angel Broking

Indian rupee

USDINR traded lower by 0.5 percent in yesterday's trading session owing to sharp rise in the American currency after the hawkish stance by US Fed Chair Janet Yellen. She said that keeping the interest rates at the same levels for too long could "risk a nasty surprise down the road," and that it "makes sense" for th

Pound advance after UK Prime Minister Theresa May speech - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.20 percent in yesterday’s trading session on the back of weakness in dollar and upbeat macroeconomic data. Indian Rupee tracked strength in other Asian currencies. However, sharp gain was prevented on continued FII outflows from local shares and rise in risk aversion in domestic market. Benchmark stock

GBPINR trading range for the day is 82.08-83.31 - Kedia

USDINR

USDINR trading range for the day is 67.89-68.31.

Rupee appreciated for the second straight day on dollar selling by foreign banks amid weakness in the dollar index.

India's retail inflation hit a two-year low in December as businesses resorted to price discounting to boost flagging sales.

India's trade defic

JPYINR: Watch it closely - Sharekhan

USDINR: Enters a correction mode

During September & October, USDINR was in a consolidation phase, which broke out on the upside. In November, the currency pair rallied towards the highs of Rs68.89. But, the bears have restricted further upside. Consequently, it has entered a correction mode. The fall has been subdivided into lower degree waves. US

JPYINR trading range for the day is 59.49-60.17 - Kedia

USDINR

* USDINR trading range for the day is 68.07-68.46.

* Rupee traded little-changed tracking appreciation in the greenback amid selling by nationalised banks.

* India's trade deficit narrowed to $10.37 billion in December from provisional $13 billion a month ago, government data showed.

* India's wholesale pric

Yen advances on safe haven demand - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.08 percent in yesterday’s trading session on the back of weakness in dollar and rise in risk appetite in the domestic market. Benchmark stock index 50 shares Nifty Index increased by 0.15 percent to 8412.8. Further, upbeat macroeconomic data supported Rupee. However, sharp gain was prevented on continue

EURINR is expected to trade lower - Angel Broking

Indian rupee

The Indian rupee appreciated marginally in yesterday's trading session. Reason behind this strength could be attributed to the encouraging macro economic data release from the nation that boosted the market sentiments. India's inflation rate plunged to 3.41 percent in December 16 from previous month's 3.63 percent. India's

Sterling Pound is expected to trade lower towards - Angel Broking

Rupee

The Indian Rupee depreciated by 0.1 percent in the last week owing to the following factors:

* Increased demand for US Dollar from importers and banks.

* Weak trend in Asian market equities owing to Brexit fears.

* However, sharp losses were capped owing to US Dollar weakness.

* Disappointing speech by Dona

USDINR trading range for the day is 68.17-68.43 - Kedia

USDINR

USDINR trading range for the day is 68.17-68.43.

Rupee depreciated on dollar buying by nationalised banks amid strong dollar post upbeat US economic data.

India's retail inflation hit a two-year low in December as businesses resorted to price discounting to boost flagging sales.

Consumer prices rose by an annua

EURINR is expected to trade lower - Angel Broking

Indian rupee

The  Indian  Rupee  de preciated  by  0.1  percent  in  the  last  week owing to  we akness in the Asian market equities which governed the  trend  of  the  Indian  Rupee.  However,  sharp  losses  were  capped  as  the  

Buy NSE USDINR Jan between 68.10 – 68.00, SL – 67.70, Target – 68.50 / 68.60 - Angel

NSE USDINR Jan (CMP – 68.09)

NSE USDINR Jan as seen in the weekly chart above has opened the week with gap up at 68.25 levels and starting of the week it made a weekly high of 68.5075 levels. Later on as prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 68.0625 levels. At the last trading session of

Buy on lower level is decent strategy for upcoming months in USDINR - Angel Broking

USDINR

USDINR is very strong on technical charts. It is continuously sustaining above the important support level of 66. In past couple of months we have seen many attempts of breaking the support level of 66 on USDINR. But smart recovery was so encouraging, leading to a positive RSI combination from this level on chart .In addition to oscillator front