Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.21 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US. US Jobless claims came in line with expectation. Further, hawkish statement from US Fed policymakers continued to support dollar. However, traders are disappointed with the l

Dollar index almost unchanged in subdued trade - GEPL

Dollar index almost unchanged in subdued trade

Market Commentary

* The dollar was little changed early on Friday as traders marked time ahead of next week's U.S. inflation-linked indicators.

* The dollar index against a basket of major currencies stood little changed at 97.547. The index peaked a

GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.10 percent amid weak trading in domestic markets i.e. Sensex and Nifty after National Association of Software and Services Companies projected that the revenue growth for India’s software services indu

EURINR trading range for the day is 71.98-72.29 -Kedia Commodity

Currency Update

USDINR

 *  USDINR trading range for the day is 64.43-64.72.

*  Rupee ended flat on selling by oil importers and nationalised banks including State Bank of India, Bank of India and Bank of Baroda.

*  RBI’s policy committee wants more evidence that in

Pound surged after hawkish statement from BOE chief economist Andy Haldane - Sharekhan

US Dollar Index (DX):

US Dollar fell by 0.21 percent in yesterday’s trading session against basket of six major currencies on profit taking. Further, traders are disappointed with the lack of progress on U.S. fiscal stimulus and tax reforms. However, sharp downside was prevented on hawkish statement from US Fed policymakers and a rise in Treasury

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot traded flat as lack of important economic datasets from the nation kept the trading volumes light. Furthermore, markets geared up ahead of Brexit negotiations between Britain and the European Union which kept all the Asian m

GBPINR trading range for the day is 81.37-82.6 - Kedia Commodity

Currency Update

USDINR

*  USDINR trading range for the day is 64.42-64.67.

*  Rupee traded in the range as selling by nationalised banks offset the impact of likely foreign inflows into initial public offerings. # Investors anticipated the minutes of the Monetary Policy Committee to show ca

USDINR spot is likely to depreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.10 percent as lack of important economic datasets from the nation kept the trading volumes light. Furthermore, markets geared up ahead of Brexit negotiations between Britain and the European Union which kept all t

Fed comments push Dollar at session highs - GEPl

Fed comments push Dollar at session highs

Market Commentary

* The dollar hit a three-week high against the yen on Tuesday, after an influential Federal Reserve official said U.S. inflation should rise alongside wages, supporting expectations for the Fed to keep raising interest rates.

* The dollar r

GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated marginally by 0.03 percent as lack of important economic datasets from the nation kept the trading volumes light. Furthermore, markets geared up ahead of Brexit negotiations between Britain and the European Unio

GBPINR trading range for the day is 82.18-82.83 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.35-64.59.

* Rupee settled flat as buying by nationalised banks for oil importers offset overseas fund inflows into local stocks

* India's current account deficit widened to $3.4 billion, or 0.6 percent of GDP, in the Janu

Dollar advances on hawkish statement from Fed official - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.40 percent in yesterday’s trading session against basket of six major currencies on the back of hawkish statement from New York Fed president William Dudley and a rise in Treasury yields. He expressed confidence that rising wages would help revive domestic inflation. Further, US Federal Reserve raise

GBPINR spot (CMP-82.23) is expected to trade sideways to higher - Angel Broking

Rupee

* The Indian Rupee depreciated by 0.33 percent in the last week.

* Reason behind the same could be attributed to the the release of FOMC Monetary Policy Statement where the committee lifted the key interest rates by 25 basis points and hinted at the possibility of one more by the year end and three more in the next year.

* Th

Sell NSE USDINR June between 64.70-64.80, SL-65.10, Target-64.10/63.90 - Angel Broking

NSE USDINR June (CMP – 64.52)

NSE USDINR June as seen in the weekly chart above has opened the week with gap up at 64.48 levels and in the mid od the week it made a weekly low of 64.33 levels. Later on prices could not able to sustain on lower levels and bounced back towards the weekly high of 64.83 levels. At the end trading session of the week prices corrected again from highe

EURINR (June) traded in a tight range between 72.55-72.05 last week - Motilal Oswal

USDINR:

The rupee fell against the US dollar after the Federal Reserve raised rates by 25bps and hinted towards raising rates one more time in this year. Hawkish stance by the Federal Reserve supported the dollar on lower levels. On the domestic front, the RBI released its policy statement and in line with expectation held rates unchanged. The central

Dollar remains at lows amid soft housing data - GEPL

Dollar remains at lows amid soft housing data

Market Commentary

* The dollar slipped against a basket of the other major currencies on Friday, after weak U.S. housing and consumer sentiment data backed bets of a slower pace of interest rate hikes from the Federal Reserve.

* The U.S. dollar index decl

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot depreciated by 0.33 percent as markets discounted the release of FOMC Monetary Policy Statement where the committee lifted the key interest rates by 25 basis points making it the second hike in three months with the expectation of one more by the

EURINR trading range for the day is 71.99-72.39 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.26-64.96.

* Rupee strengthened on buying by exporters and corporate clients and lack of fresh domestic triggers.

* There are expectations of rate cut by the Reserve Bank of India in August after it lowered inflation forecasts

Dollar plunges on disappointing economic data - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.28 percent on Friday’s trading session against basket of six major currencies on the back of disappointing economic data from US. Housing starts declined by 5.5 percent in May and consumer sentiments index fell to 94.5. However, sharp downside was prevented on the back of divergence in global moneta

USDINR trading range for the day is 64.19-64.84 - Kedia Commodity

USDINR Trading Ideas for the Day

* USDINR trading range for the day is 64.19-64.84.  

* Rupee snapped two day gain on profit booking tracking strong dollar and selling by banks.  

* Fed approved its second rate hike of 2017 amid expectations that inflation is running well below the central