Pound plunged as PM May triggers Brexit - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.29 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US and hawkish statements from Fed officials. US Pending home sales improved by 5.5 percent in February compared to the expectation of 2.4 percent. Fed Member Charles Evans said

USDINR has immediate resistance at 65.40/65.60 - LKP Sec

USDINR

News & Analysis

* USDINR traded lower witnessing gap down opening after holiday. Prices ended at 65.12 for the day on positive equity indices and strong FII inflows despite rally in dollar index.

* The dollar index, which measures the greenback against a basket of six major currencies, pu

JPYINR Sell around 58.80 Target 58.50 Stop loss 59.00 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing bearish sentiments in last trading session, USD/INR futures opened down and continued bearish sentiments in intraday session as well. It failed to recover from lower levels at the end of the session. Continues selling pressure during the day kept the sentiment bearish throughout the session. Momentum Indicator RSI f

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.26 percent in yesterday’s trading session owing to bearish sentiment towards the American currency amid uncertain global cues. On the domestic front, India’s economic fundamentals looks strong which has prompted the foreign investors to

JPYINR trading range for the day is 58.33-59.21 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.93-65.45.

*Rupee hit its strongest level in nearly 1-1/2 years as strong foreign investments into the country continued.

*Foreign investors have bought a net $6.91 billion in debt and equities so far this month on hopes of an improving economy.

* India's current account de

Pound plunges on Brexit fears - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.55 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US and hawkish statements from Fed officials. Fed Vice Chairman Stanley Fischer said two more increases of US interest rate this year seemed about right. US consumer Confidence

JPYINR: Pull-back near completion - Sharekhan

USDINR: The free fall continues

Last week, USDINR broke down from its sideways consolidation and resumed its downtrend. The expansion of the bollinger bands indicates that more downside is still left. But, one cannot rule out a short-term bounce, as the oscillators are in an oversold zone. The weekly and daily momentum indicators are negative. The movi

GBPINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

With currency market closed yesterday, the Indian Rupee depreciated by 0.08 percent on Monday, following losses in the Asian market equities on fear that Trump’s failure to repeal Obamacare may mean his pro-growth tax reform policies would hit a roadblock. Furthermore, pe

Sell EURINR around 71.00 Target 70.50 Stop loss 71.30 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing bearish sentiments in last trading session, USD/INR futures opened down and continued bearish sentiments in intraday session as well. It failed to recover from lower levels at the end of the session. Continues selling pressure during the day kept the sentiment bearish throughout the session. Momentum Indicator RSI f

GBPINR trading range for the day is 81.74-82.51 - Kedia Commodity

USDINR

*USDINR trading range for the day is 65.04-65.73.

*Rupee rose after U.S. President Donald Trump's failure to pass a healthcare reform bill raised concerns about the chances of a U.S. fiscal stimulus.

*RBI stepped in to cap broader gains, adding that some of the gains were also due to the strong $6.1-billion foreign invest

EURINR spot is expected to trade higher - Angel Broking

Rupee

Last week, USDINR spot appreciated marginally by 0.08 percent owing to the following factors:

* Weak US Dollar Index after President Donald Trump's failure to pass healthcare reform raised doubts over his ability to push through his economic agenda.

* Sustained selling of US Dollar by expor

Dollar Plunges on Healthcare fail - Sharekhan

US DOLLAR INDEX (DX)

US Dollar depreciated by 0.13 percent on Friday’s trading session against basket of six major currencies after Republican rejected bill to change US Health care System. Investors questioned Donald Trump’s economic policies and effectiveness of it. However, sharp downside was prevented on upbeat durable goods orders data

EURINR trading range for the day is 70.38-70.92 - Kedia Commodity Ltd

USDINR

*USDINR trading range for the day is 65.28-65.61.

*Rupee gained on buying by banks following overseas inflows into local shares on optimism over Goods and Services Tax (GST) rollout.

*India's current account deficit widened to $7.9 billion, or 1.4 percent of gross domestic product.

*An indicator signaling turni

GBPINR has important resistance at 82.22/82.40 -  LKP Sec

USDINR

News & Analysis

*USDINR traded little lower taking resistance near 65.60. Pieces have maintained trading range of 65.30/65.60 since last few days.

* The dollar index, which measures the greenback against a basket of six major currencies, was down 0.02 percent at 99.739, after falling to a

Buy JPYINR around 59.20 Target 59.55 Stop loss 58.90 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing firm sentiments in last couple of trading sessions, USD/INR futures opened down and traded with bearish sentiments in intraday session. It failed to recover from lower levels at the end of the session. Continues selling pressure during the day kept the sentiment bearish throughout the session. Momentum Indicator RSI

EURINR spot is expected to trade higher owing to weak DXY - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee appreciated marginally by 0.08 percent in the last week owing to weak US Dollar Index in the overseas market which resulted into selling of US Dollar by exporters and banks. Investors fear that Trump’s failure to repeal Obamacare may mean his progrowth ta

Pound rallied on upbeat Retail sales data - Sharekhan

US DOLLAR INDEX (DX)

US Dollar appreciated by 0.08 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat housing data from US. New home sales rose 6.1 percent in February to 592K units. However, sharp gain was capped as traders remained cautious ahead of vote on a US Republican healthcare plan. Invest

GBPINR has important resistance at 82.22/82.40 -  LKP Sec

USDINR

News & Analysis

* USDINR traded higher taking support near 65.40, ended in positive at 65.5625 for the day. The buying from PSUs and foreign banks on oil importers demand supported the pair to trade up.

* The dollar index, against a basket of major currencies was little changed as investor

Sell EURINR around 70.70 Target 70.30 Stop loss 70.90 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. It sustained at higher levels which indicate continuation of firm sentiments in today’s session as well. Next important support seen at 65.35 levels. USD/INR futures likely to trade with sideways sentiments and 65.48 will be the tre

GBPINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot traded on a flat note in yesterday’s trading session owing to persistent demand for US Dollar by importers and banks. Concerns over Donald Trump future policies have kept markets in a cautious mood. Investors fear that Trump’s failure to repea

GBPINR trading range for the day is 81.46-82.39 - Kedia

USDINR

*USDINR trading range for the day is 65.34-65.71.

*Rupee traded in range on dollar buying by private and foreign banks amid oil importers' month-end demand.

*An indicator signaling turning points in the Indian economy increased for the third successive month in February, the Conference Board said.

*Reserve Bank

JPYINR has important trend line resistance at 59.20 -  LKP Sec

USDINR

News & Analysis

* USDINR traded lower with weaker international pair with continued effect of Fed rate hike. Prices recovered later with weak Indian equity indices which ended at 65.51 for the day.

* The dollar index, against a basket of major currencies was little changed at 99.849 after

Sell USDINR around 65.50 Target 65.30 Stop loss 65.65 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments due to short covering from traders in last session. It failed to sustain at higher levels which indicate continuation of volatile sentiments in today’s session as well. Overall trend for USD/INR futures likely to remain sideways for intraday session due to short covering. Next import

Sterling pound traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot depreciated by 0.18 percent in yesterday’s trading session owing to persistent demand for US Dollar by importers and banks. Concerns over Donald Trump future policies have kept markets in a cautious mood. Investors fear that Trump’s failure to