USDINR spot is expected to strengthen - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot appreciated marginally by 0.09 percent on account of sustained selling of the American currency by exporters and banks. Also, positive trading in the domestic market equities i.e. Sensex and Nifty in spite of disruption caused by the torrential rains supp

US dollar is trading on a relatively strong note after a sharp decline during past few trading sessions - IIFL

FX

 US dollar is trading on a relatively strong note after a sharp decline during past few trading sessions. Positive US macro numbers and Washington's muted response to North Korean action triggered buying in the greenback at lower levels. On macroeconomic side, Q2 US GDP was upwardly revised to 3% (q/q) from prior  estimate of 2.6%, the

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot appreciated by 0.04 percent on account of sustained selling of the American currency by exporters and banks. Also, positive trading in the domestic market equities i.e. Sensex and Nifty in spite of disruption caused by the torrential rains supported the r

JPYINR trading range for the day is 58.01-58.97 - Kedia

USDINR

* USDINR trading range for the day is 64.02-64.29.

* Rupee traded in range on likely inflows into local shares as risk sentiments improved on absence of further deterioration in geo-political situation.

* Geopolitical concerns moderated after Donald Trump said "all options are on the table" in response to North

USDINR spot is expected to appreciate towards 63.60 levels - Angel Broking

Currencies

The much awaited Jackson Hole Meet provided little fodder to the market followers. The central bankers mainly the ECB and the Federal Reserve Chair failed to touch topics relating to monetary policies. They spoke about global trade and its importance along with back-toback warnings against dismantling tough post-crisis financial rules that

GBPINR trading range for the day is 82.75-83.62 - Kedia

USDINR

* USDINR trading range for the day is 64.06-64.31.

*  Rupee gained on overseas fund outflows from local stocks on geopolitical tensions between US and North Korea amid oil importers month-end dollar demand.

* The greenback extended fall as investors remained sceptical about the prospect for US interest rate increase this

Japanese currency rather than the greenback when geopolotical tensions are high - IIFL

Fx

Yen strengthened substantially, as investors tend to flock more to the Japanese currency rather than the greenback when geopolotical tensions are high. Moreover, legislative deadlock in US and struggling Trump administration is doing no good for the fortuned of US dollar. Meanwhile, British pound will derive cues from the extremely slow pace of Bre

Sell USDINR Sept @ 64.20 SL ABV 64.60 TGT 63.85-63.45 - Kedia Commoditiy

USDINR 

Outlook:

We suggest going short in September USDINR future near 64.20 for target at 63.85 and below can test 63.45 level with stop loss at 64.60 Now the market is looking to take support at 63.98, a break below could see a test of 63.65 and whereas resistance is now likely to be seen at 64.48, a m

GBPINR is expected to trade a bit higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot appreciated by 0.16 percent on account of weakness seen in the American currency as investors contemplated the impact of Tropical Storm Harvey’s impact on America’s growth rate. Domestic market’s i.e. Sensex and Nifty traded in green whi

JPYINR trading range for the day is 58.62-58.9 - Kedia

USDINR

* USDINR trading range for the day is 63.99-64.24.

* Rupee traded at near three-week high after Federal Reserve's Chairperson Janet Yellen refrained from talking on the monetary policy in the US.

* India's wholesale price index in July rose 1.88 percent from a year earlier, after easing for four months, government da

US dollar continues to languish despite positive growth projections - IIFL

FX  

Euro has strengthened, deriving cues from ECB's chief speech at Jackson Hole, where he ststed that loose monetary policy has worked, manifested by steady economic recovery, though pick-up in inflation will take some time. Meanwhile, US dollar continues to languish despite positive growth projections. In this regard, Fed Atlanta expects Q3

EURINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated by 0.08 percent following gains in the Asian markets which lent support to the Indian Rupee. Also, weak US Dollar Index after the US President Donald Trump threatened to shut down the government unless Congress funds his proposed border

US dollar is trading tad lower - IIFL Ltd

US dollar is trading tad lower given the threat from President Trump's threat to push for a government shutdown unless his proposed Border wall is funded by Congress. However, such move does not solely hinges on the President, with US Congress having a wider say. Euro regained lost ground, helped by strong composite PMI reading for August. Preliminary Eurozone composite PMI was reported at

We expect JPYINR prices should move higher towards 59.40 levels - Choice Broking

USDINR

Technical View: On a daily chart, the pair has moved back into the channel which it had broke earlier.

Moreover, prices have been trading above its EMA which gives the sign of bullishness in the price.

A momentum indicator RSI has moved above 40 level on a daily chart, which suggests the possibilities of upside momentum in th

JPYINR spot will trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated marginally by 0.04 percent tracking gains in the Asian markets which lent support to the Indian Rupee. Also, weak US Dollar Index after the President Donald Trump threatened to shut down the government unless Con

GBPINR trading range for the day is 81.95-82.46 - Kedia

USDINR

*  USDINR trading range for the day is 64.02-64.22.

*  Rupee traded little changed on lack of fresh triggers even as investors await Jackson Hole Symposium later this week.

*  RBI’s MPC members said easing consumer inflation had supported the need for a rate cut at its August meeting, but warned prices co

USDINR spot is expected to strengthen - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.06 percent as lack of important economic data releases and events from the nation and countries abroad kept the trading volumes a bit light. Furthermore, traders are also cautious ahead of the speeches from

GBPINR trading range for the day is 82-82.88 - Kedia

USDINR

* USDINR trading range for the day is 64.04-64.26.

* Rupee pared gains on dollar buying by nationalized banks likely for the Reserve Bank of India and oil importers.

* The greenback rebounded as risk appetite rose as the geo-political tension has subsided temporarily and focus is on Central Bankers' speech in Jackson Hol

Currency traders look forward to volley of remarks from various central bankers - IIFL

FX

Currency traders look forward to volley of remarks from various central bankers (primarily ECB and Fed) at the central bank symposium in Jackson Hole, Wyoming. Recent policy statement of ECB and Fed has alluded to growing concerns over slowing inflation, which has reinforced the perception of a less aggressive process of policy normalisation on both