Euro plunges on uncertainty over French elections - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.10 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data and rate hike expectation in next week FOMC meet. Further, hawkish statements from Fed officials continued to support Dollar. US Federal Reserve Chair Yellen said rate hike “wou

JPYINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR appreciated by 0.15 percent yesterday as markets discount last week’s robust economic datasets from the nation which came better than the expected levels despite demonetization. Manufacturing and service PMI increased to 50.4 and 48.7 respectively in Jan’17 f

Sell JPYINR around 58.90 Target 58.50 Stop loss 59.10 - 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 levels. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.72 levels. USD/INR futures likely to trade with sideways sent

JPYINR trading range for the day is 58.7-59.01 - Kedia

USDINR

*USDINR trading range for the day is 66.83-67.

*Rupee appreciated on buying by foreign banks amid overseas inflows into local stocks ahead of the release of US NFP data.

* India's annual infrastructure output growth slowed to 3.4 percent in January from 5.6 percent in the previous month.

*India's fiscal defi

GBPINR spot (CMP-82.06) is expected to trade lower - Angel

Rupee

Last week, the USDINR depreciated by around 0.01 percent owing to the following factors:

* US Fed Chair dropped a hint of raising interest rates more than planned this year.

* Newly elect US President Donald Trump commented on renewing the US economy which sent Wall Street stocks sharply higher

Sell GBPINR around 82.50 Target 82.00 Stop loss 82.80 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. However, it failed to hold the gains at higher levels and witnessed some downside from intraday high. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 6

USDINR trading range for the day is 66.94-67.1 - Kedia Commodity

USDINR

*USDINR trading range for the day is 66.94-67.1.

*Rupee fell to one week low on selling by State Bank of India and foreign banks.

*India's annual infrastructure output growth slowed to 3.4 percent in January from 5.6 percent in the previous month.

*India's dominant services industry returned to growth in Feb

The dollar set to broad gains as the risk of an imminent U.S. interest rate - Alpha Commodity

Global Market Round Up

* Commodities traded lower on Thursday with bullion witnessed sharp selling in evening session on growing optimism of Fed rate hike, Base metals traded weak witnessing profit booking on stronger dollar while crude oil prices declined on ample supplies in the market.

* The dollar set to broad gains as the risk of an immi

Sell EURINR around 70.80 Target 70.40 Stop loss 71.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.85 levels. USD/INR futures likely to trade with sideways sentiments and 66.95 will be the trend deci

Dollar gains on upbeat economic data - Sharekhan

Dollar gains on upbeat economic data

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.41 percent in yesterday’s trading session against basket of six major currencies on the back of early rate hike expectations and upbeat economic data’s. Number of people filling for jobless claims fell by 19000 for

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated by 0.12 percent as foreign institutional investors continued to buy in local equity markets. Foreign investors have bought $1.56 billion and $508.40 million from local equity and debt markets, respectively. Moreover, sustained selling of

JPYINR trading range for the day is 58.38-58.98 - Kedia

USDINR

*USDINR trading range for the day is 66.81-67.03.

*Rupee appreciated as foreign banks and overseas investors bought local equities and on short squeezing by corporates and foreign institutional investors.

*India's reserve money growth fell by 19.5% from a year ago in the week ended Feb 24, the Reserve Bank of India said i

Us Dollar index has been hovering around 101.50 over - Kedia

Key Highlights

* Rupee reversed sharply after 3-days of gains and closed lower by 13paise to 66.82 against the U.S. dollar, following fresh bouts of dollar demand from importers.

* Overall sentiment turned gloomy following hawkish comments from Federal Reserve officials overnight rekindled prospect of a rate hike later this month even as a st

Dollar advances on early rate hike expectations - sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.65 percent in yesterday’s trading session against basket of six major currencies on the back of early rate hike expectations and upbeat economic data’s. Hawkish statements from Fed officials supported dollar. New York Fed President William Dudley said the case for tightening monetary policy ha

We expect JPYINR to trade lower with support at 58.60 -  LKP Sec

News & Analysis

* USDINR traded strong taking cues from international market ended positive at 67.04.

* The dollar index, which tracks the greenback against a basket of trade-weighted peers, advanced almost 0.5 percent to 101.78. The rally in dollar was also supported by the increased optimism over FED rate hike in next meeting.

Sell USDINR around 67.02 Target 66.85 Stop loss 67.15 - Tradebulls

USD/INR FUTURE VIEW  

USD/INR futures traded with firm sentiments due to short covering from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.85 levels. USD/INR futures likely to trade with sideways sentiments and 66.95 will be the tre

EURINR: Drifting to Lower end of channel - Sharekhan

USDINR: Interestingly Poised

USDINR is trading in a channel and has taken a support at the lower end of channel and has bounced back and can retest the lower trend line of the bearish flag pattern. The currency pair may see selling at higher level and the crucial level on downside is Rs66.21 which is also our target. Break below Rs66.21 will see more s

Sell GBPINR around 83.10 Target 82.70 Stop loss 83.35 - Tradebulls

USD/INR FUTURE VIEW

USD/INR futures traded with bearish sentiments due to selling pressure from traders in last session. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next important support seen at 66.70 levels. USD/INR futures likely to trade with sideways sentiments and 66.80 will be the trend

EURINR trading range for the day is 70.85-71.22 - Kedia

USDINR

*USDINR trading range for the day is 66.85-67.08.

*Rupee settled flat on selling by nationalised banks ahead of US President Donald Trump's address to the Congress on tax plans and financial regulation.

*India's economy is expected to have slowed sharply to a near three-year low in the final three months of 2016.

JPYINR is expected to trade sideways to higher - Angel Broking

Indian rupee

Yesterday, the Indian Rupee depreciated by 0.11 percent tracking losses in the Asian markets as investors played safe prior to the speech by the newly elect US President which is to be held today. Moreover, persistent demand for the American currency by importers and banks kept the rupee pressurized. In today’s trading session, USDIN

Pound plunges on possible new Scottish independence vote - Sharekhan

USD-INR:

The Indian Rupee appreciated by 0.16 percent in yesterday’s trading session on the back of weakness in dollar. Dollar remained under pressure as traders stayed cautious ahead of U.S. President Donald Trump speech. However, sharp gain was prevented on rise in risk aversion in the domestic markets and FII outflows from local shares. Bench

Sell NSE USDINR March between 67.30 – 67.40, SL – 67.60, Target – 66.80 / 66.70 - Angel Broking

NSE USDINR March (CMP – 67.09)

NSE USDINR March as seen in the weekly chart above has opened the week with gap up at 67.45 levels and during the week open and high were the same levels. Later on prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 67.04 levels. This week prices have closed below the pre

EURINR spot (CMP-70.51) is expected to trade lower - Angel Broking

Rupee

Last week, the USDINR appreciated by around 0.66 percent owing to the following factors:

* The Fed officials expressed their concerns on Trump’s fiscal stimulus plans which could pose as a problem for the American currency.

* The discussion of a rate hike “fairly soon” was tem