GBPINR trading range for the day is 79.42-81 - Kedia

USDINR

*USDINR trading range for the day is 65.33-66.18.

*Rupee appreciated to 16-month high on buying by major banks including foreign and nationalised banks amid FII inflows into local stocks.

*India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data showed.

* Investo

Euro currency traded lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.62 percent yesterday; touching 16- month high after BJP’s massive victory in the major state election which has created good sentiments in the Indian markets. BJP party with its coalition partners won 325 seats against 403 seats in member asse

 EURINR traded lower witnessing resistance at 70.90 - LKP Sec

USDINR

News & Analysis

* USDINR opened lower pressured by improved Indian economic outlook and recent UP election results. The pair fell sharply below 66 witnessing support at 65.90.

* The dollar index rose on Tuesday, bolstered by an expected interest rate increase by the U.S. Federal Reserve th

USDINR Sell around 65.95 Target 65.70 Stop loss 66.10 - 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 lower levels at the end of the session which indicates continuation of selling pressure. Overall trend for USD/INR futures likely to remain bearish for intraday session due to selling pressure. Next importan

EURINR trading range for the day is 69.72-71.05 - Kedia

USDINR

*USDINR trading range for the day is 65.63-66.53.

*Rupee strengthened to a near one-year high as Prime Minister Narendra Modi's big win in the state of Uttar Pradesh was seen bolstering his economic reform agenda.

*But any further gains will be tempered by concerns about valuations as well as global risks, including how m

GBPINR spot (CMP-80.47) is expected to trade lower - Angel

Sterling Pound

Last week, GBPINR traded lower by 1.33 percent owing to the following factors:

*UK parliament passes Brexit bill as Scotland demands referendum.

*Expectation of US rate hike in Mar’17 FOMC Meeting dented the demand for Sterling Pound.

*Recent Spring Budget statement had

JPYINR: At a crucial juncture - Sharekhan

USDINR: Break of an important support zone

USDINR has broken down from multiple support zones. It has given a breakdown with a gap from a channelised move. Although it may re-test the previous support zone of Rs66.25-Rs66.21, but may see some selling pressure. The momentum indicator has turned negative. The bollinger bands are expanding, indicating mor

Yen advances on safe haven demand - Sharekhan

US DOLLAR INDEX (DX)

US Dollar depreciated by 0.53 percent in yesterday’s trading session against basket of six major currencies as the traders remained cautious ahead of FOMC meeting. However, sharp downside was cushioned on the back of upbeat job data from US. Non-Farm payrolls data showed that 235000 jobs were added in the economy in February.

Sell EURINR around 70.80 Target 70.40 Stop loss 71.05 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. It witnessed recovery from lower levels but failed to hold the gains at the end of the session. Overall trend for USD/INR futures likely to remain bearish for intraday session due to selling pressure. Next important support seen at 6

GBPINR trading range for the day is 81.03-81.51 - Kedia

USDINR

*USDINR trading range for the day is 66.58-66.95.

*Rupee appreciated on buying by private and state-run banks for exporters on fear rupee may appreciate in the coming days.

*India's dominant services industry returned to growth in February for the first time in four months as demand slowly recovers.

* Indian inf

Buy EURINR around 70.80 Target 71.10 Stop loss 70.60 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with volatile sentiments due to short covering at lower levels from traders in last session. It witnessed recovery from lower levels but failed to hold the gains at the end of the session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important sup

GBPINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.13 percent in yesterday’s trading session. Reason behind this strength was mainly due to pressurized US Dollar Index which fell after a newspaper reported that the US President planned to send nuclear bombers to the Korean peninsula as tension

JPYINR trading range for the day is 57.8-58.92 - Kedia

USDINR

*USDINR trading range for the day is 66.76-67.05.

*Rupee posted its first two-day fall in nearly four weeks on selling by nationalised banks on behalf of oil importers and tracking global strength in the greenback.

*Indian inflation likely picked up for the first time in seven months in February as rising food prices began to

Dollar advances on upbeat ADP Job report - Sharekhan

USD-INR:

The Indian Rupee depreciated by 0.04 percent in yesterday’s trading session on the back of rise in risk aversion in the domestic markets and strong dollar. Benchmark stock index 50 shares Nifty Index decreased by 0.25 percent to 8924.3. Further, banks were seen buying dollars on behalf of importers. Traders remained cautious ahead of Job

GBPINR spot will trade lower - Angel Broking

Indian rupee

Yesterday, USDINR spot depreciated by 0.21 percent owing to rising demand of the US Dollar by importers and banks. Investors brace themselves for the results of the upcoming (UP) state elections on 11 March’17. Markets are also gearing up for an interest rate hike by the US Federal Reserve in its two-day meeting on 14-15 March which

Sell EURINR around 70.80 Target 70.40 Stop loss 71.00 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering at lower levels from traders in last session. It witnessed recovery from lower levels and managed to hold the gains at the end of the session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important suppor

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