USDINR spot is expected to appreciate today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot appreciated by 0.25 percent on account of heavy selling of US Dollar by state owned banks and foreign banks. In a recent press conference, the Indian government approved a $32.4 billion plan to recapitalise its state banks over the next two years. Due to

GBPINR trading range for the day is 85.17-86.64 - Kedia

USDINR

* USDINR trading range for the day is 64.7-65.35.

* Rupee gained on likely inflows into local stocks and on uncertainty over bank recapitalisation plan announced by the government amid higher US Treasury yields.

*  India’s economy will likely grow at its slowest pace in four years this fiscal year, as a currency ba

US dollar strengthened further in expectation - IIFL

 

FX

US dollar strengthened further in expectation of hawkish new Fed chief and prospects of tax reforms. However, hindrances still presist for tax bill, with some Republicans criticising President Trump's approach to the presidency, while some questioning on how the budhet will become revenue neutral. As of now, there are no provisi

Dollar trades steady as support for Taylor offsets reduced tax-cut hopes - GEPL

Market Commentary

* The dollar traded within sight of a three-month high against the yen on Wednesday, underpinned by reports of Republican senators' support for John Taylor to become the next Federal Reserve chief.

* Against a basket of six major currencies, the dollar stood at 93.970. The dollar index had risen to 94.017 on Monday, its

Euro spot surged by 0.50 percent due to weak US Dollar - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot depreciated by 0.10 percent as markets played safe prior to the press conference of India’s Finance Minister who spoke about steps to revive the Indian economy. Moreover, speculation that hawkish Stanford University economist John Taylor was a favo

EURINR trading range for the day is 76.22-76.86 - Kedia

USDINR

* USDINR trading range for the day is 64.85-65.27.

* Rupee traded in the range amid weakness in the greenback amid buying by foreign banks.

* India is likely to stick to its fiscal deficit target of 3.2 percent of GDP, and may accelerate sales of government stakes in lenders.

* India's wholesale price inflation

The dollar inched 0.1 percent lower to 113.36 yen - GEPL

Market Commentary

* The dollar edged down on Tuesday as attention turned to who would be the next head of the U.S. central bank.

* U.S. President Donald Trump told reporters on Monday he is "very, very close" to deciding who should chair the Federal Reserve after interviewing five candidates for the position, including current Fed

Euro spot plunged by 0.37 percent yesterday - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot traded mostly on a flat note as lack of important economic datasets from the nation along with the market opening after a long weekend kept the trading volumes a bit light. The recent RBI Monetary Policy Minutes showed that the rising consumer prices cou

USDINR spot is expected to trade sideways as markets open - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, the Indian Rupee spot depreciated by 0.52 percent as traders refrained from making any risky bets ahead of holiday shortened week. Also, the recent RBI Monetary Policy Minutes Worry showed that the rising consumer prices could threaten the RBI’s inflation targ

USDINR trading range for the day is 65.01-65.13 - Kedia

USDINR

* USDINR trading range for the day is 65.01-65.13.

* Rupee fell to near one-week low on selling by oil importers and as activity remained muted ahead of short-trading week.

* The greenback gained grounds during late Asian trades on better than expected US economic data amid hawkish comments by Fed Chair Janet Yellen.

USDINR prices to find support in the range of 64.80 –64.70 levels - Angel Broking

NSE USDINR Oct (CMP – 65.0325)

NSE USDINR Oct as seen in the weekly chart above has opened the week at 65.5550 levels and at the starting of the week it made a weekly high of 65.60 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 64.9625 levels. This week prices have clo

Talks on potential Fed chief nominee push dollar to one-week high - GEPL

Market Commentary

* The dollar rose to a one-week high against a basket of currencies on Tuesday on speculation that U.S. President Donald Trump was leaning towards nominating a Federal Reserve head who would be more inclined to raise interest rates at a faster pace.

* The dollar index, which measures the greenback against a basket of six maj

The Indian Rupee spot depreciated by 0.51 percent - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot depreciated by 0.51 percent on account of strong US Dollar Index after markets speculated future Fed Chair to be more hawkish. According to a report, economist John Taylor was said to make a favourable impression on President Trump during an interview for

EURINR trading range for the day is 76.36-76.7 - Kedia

USDINR

* USDINR trading range for the day is 64.75-65.24.

* Rupee remained under pressure as dollar gained on comments from Fed’s Chair Yellen and fears US President may select a more hawkish Fed Chief after Yellen's term ends.

* India's wholesale price inflation eased unexpectedly in September, after accelerating in

European Commissionchief want the pace of negotiations to improve - IIFL

FX

Euro lost ground in the wake of far right wing party claiming power in Austrian national elections. Pound's run has also abated given the impasse on Brexit talks. Although, British PM and European Commissionchief want the pace of negotiations to improve, there are no signs of both the parties hitting the common ground on contentious issues like immigtation and divorce bill.

Dollar holds steady against major peers, inflation in focus - GEPL

Market Commentary

*  The U.S. dollar gained slightly on Monday as investors repositioned after disappointing inflation data on Friday sent the greenback to its lowest levels in more than two weeks, and with no major U.S. releases on Monday to sway direction.

* The dollar index against a basket of six major currencies rose 0.22 percent t

EURINR spot is expected to trade lower in today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot traded mostly on a flat note as strong domestic equity market gave support to the rupee. Also, sustained selling of the US Dollar by exporters and banks acted as a positive factor. However, strength in the US Dollar Index after markets speculated future F

USDINR trading range for the day is 64.72-64.91 - Kedia

USDINR

* USDINR trading range for the day is 64.72-64.91.

* Rupee appreciated on likely buying by foreign banks likely for of exporter and foreign fund inflows into local stocks on upbeat sentiments.

* Comments from Finance Minister Arun Jaitely that eased worries over India's fiscal discipline.

* India's wholesale

US dollar derived cues from mixed macroeconomic numbers - IIFL

FX

US dollar derived cues from mixed macroeconomic numbers. Although CPI for Septemberrose by 2.2% on yoy basis, the rise in Core CPI remained unchanged at 1.7%. Higher gasoline prices (due to hurricanes) contributed to the inflationary pressure, which may not be replicated during October. Meanwhile, consumer spenfding remains strong, manifested by 1.6