The dollar index movement will be important in the evening session - Alpha Commodity

Global Market Round Up

* Commodities traded mixed with Bullion traded higher witnessing recovery from intraday lows. Crude oil prices traded lower on ample supply with rise in Libyan output later recovered on API report while Base metals pared early gains witnessed decline on demand concerns.

* Asian stocks traded lower on weak data from Chin

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar declined by 0.37 percent in yesterday’s trading session against basket of six major on the back mixed economic data from US. Further, traders are worried that rising political turmoil in US may delay fiscal stimulus package from Trump administration. In Intraday Dollar Index touched a low of 96.858 and closed at 96

Sell USDINR FUT 64.78-64.85 TGT 64.55 SL 65.00 - Karvy

USDINR Intraday Outlook

US dollar index is trading at 96.97, rebounding from 96.80 which was a 7week’s low. As per Fed’s Beige Book, the growth on a modest-moderate expansion from early April to late May. As per the report, Consumer spending softened with little or no change in non-auto retail sales, while auto sales edged down compared to

Pound moved higher against USD yesterday even though the economic data were mixed - JRG Sec

USDINR

USDINR continued the range bound trading in yesterday’s trading session as well which was more or less expected based on the way markets have been moving in the last few weeks. The GDP and industrial production numbers released yesterday showed a slowdown in the economy. The overall growth for the year 2016-17 was 7.1% while core industria

GBPINR has important resistance at 83.40/83.70 - LKP Sec

USDINR

News & Analysis

* USDINR traded steady in the range with mixed factors maintaining the narrow trading range. Prices ended negative near 64.73 for the day.

* The dollar index declined overnight against major currencies on weak US data. India GDP number came little disappointed at 6.1% again

JPYINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.18 percent owing to weak US Dollar Index after one of the White House officials leaked news of withdrawal from the Paris climate agreement which the Trump administration has been hinting for quite some time

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar declined by 0.17 percent in yesterday’s trading session against basket of six major as demand for safe haven increased on rising geopolitical tension and political turmoil in US, UK and Italy. Further, mixed economic data from US added downside pressure. In Intraday Dollar Index touched a low of 97.223 and closed a

USDINR settled indecisively yesterday with markets persisting with the range bound trading - JRG Sec

USDINR

USDINR settled indecisively yesterday with markets persisting with the range bound trading. Markets opened flat and traded with a marginally bullish bias for most part, though prices backtracked towards the close. The technical picture remains very much inconclusive as of today and as iterated in our report yesterday, as long as markets sustain

Dollar down as consumer confidence dips - GEPL

Dollar down as consumer confidence dips

Market Commentary

* The dollar fell to two-week lows against the safe-haven yen on Tuesday, as investors turned cautious amid political worries in Europe as well as weaker stock and commodity markets after a long U.S. holiday weekend. The Consumer Confidence Index fell t

USDINR spot is likely to depreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.13 percent owing to persistent buying of the dollar by importers and banks amid lower opening in the domestic equity market. Furthermore, growing tensions in the global arena concerning North Korea, Russia

Buy JPYINR around 58.50 Target 58.90 Stop loss 58.25 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed positive opening and traded in narrow range for the whole day. Technically, It is making broader pattern and we believe USDINR may retest previous high of 65.25. Buying at lower levels suggest trend to be positive. Any negative positional trade can be taken if it breaks below 64.20.

Euro ended lower against USD yesterday with the markets trading in a sideways - JRG Sec

USDINR

USDINR settled indecisively yesterday with markets continuing with the range bound trading. Markets opened flat and traded the entire day within the trading range of the previous trading session. The technical picture remains rather inconclusive for now with markets trading within a tight range. However, as long as markets sustain above 64.65 le

BUY GBPINR FUT 83.00-83.10 TGT 83.50 SL 82.85 - Karvy

USDINR Intraday Outlook

SELL USDINR FUT 64.90-64.95 TGT 64.70 SL 65.05

This is the daily chart of USDINR spot, during the last week the pair has been trading in the range of 64.42 on the downside and 65.00 on the upside, and the range has expanded from the past week, the pair has been in a lower top and lower bottom formation in the daily tim

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated marginally by 0.05 percent tracking losses in the Asian markets as major markets (UK, US and China) were closed which led to thin trading volumes. Furthermore, persistent buying of the dollar by importers and ba

Euro ended lower against USD - JRG Sec

USDINR

USDINR settled on a marginally bullish note on Friday with dollar sales by FII’s suggested as a possible reason by forex dealers. While the close on Friday was on a bullish note for the rupee, there can be some weakness in today’s trade given the fact that the dollar index is trading higher on account of a better than expected readin

GBPINR spot (CMP-82.81) is expected to trade lower - Angel Broking

Rupee

* Last week, USDINR spot appreciated marginally by 0.09 percent owing to fresh selling of the US Dollar by exporters and banks.

* Dovish stance in the recent FOMC meeting minutes acted in favour of Asian markets including India thereby providing support to the Indian Rupee.

* Domestic markets i.e. Sensex and Nifty traded highe

SELL GBPINR FUT 82.85-82.90 TGT 82.50 SL 83.00 - Karvy

USDINR Intraday Outlook

USdollarindexistradingat97.43,reboundingfromthelowerlevelsof96.97inFriday’ssessionafterQ1GDPnumberswerereportedbetterthanexpected.U.S.Q1GDPwasrevisedhighertoa1.2%growthrateversusthe0.7%paceintheAdvancereport.That'smuchbetterthanexpected,withmostcomponentsbumpedup.Consumptionwasnudgedupto0.6%from0.3%.The10.4%jumpinbusin

JPYINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated marginally by 0.09 percent owing to fresh selling of the US Dollar by exporters and banks. Dovish stance in the recent FOMC meeting minutes acted in favor of Asian markets including India thereby providing support to the Indian Rupee. D

EURINR trading range for the day is 72.43-72.94 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.54-64.97.
*Rupee appreciated for third straight day, trading over one-week low on likely buying on foreign banks amid overseas inflows into local stocks.
*RBI outlined the broad contours of a plan to resolve the $150 billion bad debt problem plaguing the country's banks.
*India

Buy JPYINR around 58.20 Target 58.60 Stop loss 57.90 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed gap down opening and traded with bearish sentiments throughout the trading session due to profit booking from traders. Technically, It failed to breach resistance of downward sloping trend channel and settled below the same. Momentum Indicator RSI for the 14-day period is poised at 43.04 on Daily charts ind

Respite in dollar move due to weakness in commodity currencies - GEPL

Respite in dollar move due to weakness in commodity currencies

Market Commentary

* The dollar steadied against a basket of major currencies on Thursday, a day after Federal Reserve minutes that dialed down some expectations of the central bank hiking interest rates soon. Commodity currencies got off to a shaky

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.31 percent in the yesterday’s trading session owing to fresh selling of the US Dollar by exporters and banks. Dovish stance in the recent FOMC meeting minutes acted in favor of Asian markets including India thereby providing support to the In

USDINR trading range for the day is 64.59-65.15 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.59-65.15.

*Rupee appreciated on likely buying on foreign banks and after minutes of Federal Open Market Committee hinted of gradual rate increase.

*The minutes showed that some central bankers were still watching for evidence that a recent slowdown in growth is temporary.

*Mea