Pound plunges after downbeat economic data - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.36 percent on Monday trading session on the back of strong dollar and rise in risk aversion in the global markets. Hawkish statement from Fed official fuelled expectation of early rate hike by US Federal Reserve. Traders remained careful ahead of macro economic data. Benchmark stock index 50 shares Nifty Inde

USDINR trading range for the day is 66.89-67.21 - Kedia

USDINR

* USDINR trading range for the day is 66.89-67.21.

* Rupee depreciated for the third straight day after Boston Federal Reserve President Eric * Rosengren favoured an interest rate increase.

* Growth in India's services industry accelerated to its fastest pace in more than 3-1/2 years in August, driven by a surge in d

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

US Dollar Index rose by 0.6 percent in yesterday’s trading session amid a decline in US stocks and rising bond yields. Recent dovish comments by Boston Fed President Eric Rosengren and Fed Governor Lael Brainard have reduced expectations of a rate hike in Sep’16 monetary policy review.

Both the policymakers

Euro is expected to trade lower - Angel Broking Pvt Ltd

Euro

Weekly Price Performance

• Euro currency traded higher by 0.8 percent in the last week as weak release of economic datasets from the US has dimmed the possibility of a rate hike in Sep’16 monetary policy review thereby keeping the DX pressurized.

• Moreover, markets discounted t

For the next week we expect USDINR prices to find - Angel Broking

NSE USDINR

NSE USDINR Sep as seen in the weekly chart above has opened the week with gap down at 66.7600 levels and at the starting of the week prices have corrected sharply and made a low of 66.5225 levels. Later on prices could not able to sustain on lower levels and rallied sharply towards the weekly high of 66.9150 levels. This week prices closed b

Euro is expected to trade sideways - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

US Dollar Index traded lower by 0.5 percent in the last week as markets discount the statement made by Boston Fed President Eric Rosengren who warned that keeping interest rates for longer time will overheat America’s economy. Slowdown in the overseas economy has prompted the US Federal Reserve to keep the borrowing rates at

JPYINR trading range for the day is 64.9-65.58 - Kedia

Currency Update

 USDINR

*     USDINR trading range for the day is 66.59-67.06.

*    Rupee dropped on likely overseas funds outflow from local stocks as risk appetite thinned.  

*    Nationalised banks were continuously buying the g

Dollar up after upbeat job data - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.08 percent in yesterday’s trading session on the back of strong dollar. Indian rupee tracked weakness in other Asian currencies. Traders remained cautious ahead of European Central Bank policy meeting. However, sharp downside was prevented on the back of rise in risk appetite in the domestic market and FII inflo

Sterling Pound is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

US Dollar Index traded higher by 0.1 percent in yesterday’s trading session. Reason behind this strength could be attributed mostly to the robust release of unemployment claims data from the nation. Unemployment Claims for the week ending 2nd Sep’16 declined to 259K from previous week’s 263K.

Filings f

USDINR trading range for the day is 66.49-66.75 - Kedia

USDINR

USDINR trading range for the day is 66.49-66.75.
Rupee settled flat on buying by nationalised banks on behalf of importers even as investors await policy decision by European Central Bank.
Foreign banks were selling around Rs 66.38-66.39/$1 levels which limited the gains in the greenback.
India will press ahead with tax

JPYINR: Near key supports - Sharekhan

USDINR: Bears having upper hand

USDINR had faced resistance near 78.6% retracement of the Feb-March fall. From there it has entered correction mode. On the way down the currency pair has broken lower end of a medium term rising channel. The price has fallen below the key daily as well as weekly MAs. Momentum indicators on daily & weekly time frame

Fundamental Currency outlook for September 2016 - Angel Broking

OUTLOOK

US DOLLAR INDEX

On 26th Aug’16, the US Fed Chairwoman spoke about the fading near term risks to the American economy. She also hinted towards a strengthening case for a rate increase in the near term. However, markets are thinking otherwise. Recent release of economic datasets has come out on a w

Euro is expected to trade lower - Angel Broking Pvt Ltd

US DOLLAR INDEX (USD)

The trend of US Dollar Index was mostly mixed in yesterday’s trading session as markets still discounted the disappointing release of non-manufacturing and job data from the nation that grew lesser than the forecasted levels in Aug’16. Even average earnings and unemployment data came on a bitter note which has fueled s

GBPINR trading range for the day is 88.74-89.5. - Kedia

Currency Update

USDINR

*  USDINR trading range for the day is 66.48-66.66.

*  Rupee gained to four-month high as dismal US data lowered prospects of a Federal Reserve rate hike in September.

*  The Reserve Bank of India announced the purchase of Rs 100 billion worth of government securities

Euro currency expected to trade with positive - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.47 percent in yesterday’s trading session on the back of weakness in dollar. Dollar showed weakness as downbeat economic data from US dimmed expectations of near term rate hike from US Federal Reserve. Indian rupee tracked strength in other Asian currencies. Further, rise in risk appetite in the domestic

 GBPINR trading range for the day is 88.76-89.27. - Kedia

Currency Update

USDINR

*   USDINR trading range for the day is 66.64-66.84.

*   Rupee continued its firm trend after weaker than expected US Non-Farm Payroll data lowered bets of a Federal Reserve rate hike in the near-term.

*    The greenback weakened a

Euro is expected to trade sideways as weak DX will keep the shared currency positive - Angel

US DOLLAR INDEX (USD)

US Dollar Index traded lower by more than 1 percent in yesterday’s trading session. Reason behind this weakness could be attributed to the disappointing release of non-manufacturing data from the nation that grew lesser than the forecasted levels in Aug’16. The pace of growth was at its slowest in more than six years.<

Rupee is likely to trade positive - Angel Broking Pvt Ltd

INDIAN RUPEE (USDINR)

The Indian Rupee appreciated by 0.6 percent in the last week as heavy influx of capital into the domestic markets has helped the Indian currency to stay supportive. Moreover, the RBI governor Raghuram Rajan in his foreword to the central bank’s annual report for 2015-16 stated that the economy’s prospects for the curr

Japanese Yen likely to trade positive as weak - Angel Broking Pvt Ltd

INDIAN RUPEE (USDINR)

The Indian Rupee appreciated by 0.3 percent yesterday as heavy influx of capital into the domestic markets has helped the Indian currency to stay supportive. Moreover, persistent selling of the US Dollar Index by exporters and banks further kept the currency strong. Moreover, lower oil prices along with the news that despite slow

Sterling up after upbeat manufacturing data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.01 percent in yesterday’s trading session on the back of weakness in dollar. Indian rupee tracked strength in other Asian currencies. However, sharp gain was prevented on rise in risk aversion in the domestic market, FII outflows from local shares and disappointing macro economic data. Benchmark stock i

JPYINR trading range for the day is 64.65-65.39 - Kedia

Currency Update

USDINR

*  USDINR trading range for the day is 67.11-67.42.

*  Rupee traded in the range on caution ahead of US jobs data amid fears that the new 10-year benchmark bond coupon may be set above 7%.

*   Despite government measures to boost foreign and domest

Sterling up after improved consumer and housing data - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.09 percent in yesterday’s trading session on the back of rise in risk appetite in the domestic market and continued FII inflows into local shares. Further, foreign banks were seen selling dollar. Indian Rupee tracked strength in other Asian currencies. Benchmark stock index 50 shares Nifty Index increase

Japanese Yen likely to trade negative - Angel Broking Pvt Ltd

INDIAN RUPEE (USDINR)

The Indian Rupee appreciated by 0.3 percent yesterday as heavy influx of capital into the domestic markets helped the Indian currency to stay supportive. Moreover, persistent selling of the US Dollar Index by exporters and banks further added to the strength.

Markets are still discounting the RBI governor Raghuram Rajan

JPYINR trading range for the day is 64.89-65.61. - Kedia

Currency Update

USDINR

*   USDINR trading range for the day is 67.15-67.48.

*   Rupee traded in the range on hopes that Reserve Bank of India may infuse permanent liquidity

*  via OMO purchase at least by next week.  

*  GST is expected to increa

Euro is expected to trade lower - Angel Broking Pvt Ltd

INDIAN RUPEE (USDINR)

The Indian Rupee traded on a flat note yesterday owing to increased volatility in the global markets after the hawkish comment by the US Fed Chairwoman in her latest speech. Moreover, moth end dollar demand by importers/exporters and banks kept the Indian Rupee sideways.

Morever, the RBI governor Raghuram Rajan in his fo