Dollar holds steady at close to 2-week highs on upbeat economic data - GEPL

Dollar holds steady at close to 2-week highs on upbeat economic data

Market Commentary

* The dollar rose to its highest in more than two weeks on Thursday as solid readings on the U.S. economy helped strengthen the case for the Federal Reserve to continue tightening monetary policy this year.

* The n

USDINR spot is likely to depreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.48 percent as markets discounted the release of FOMC Monetary Policy Statement. The Federal Reserve’s policy setting committee lifted the key interest rates by 25 basis points making it the second hike

Dollar climbs up on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.51 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US. Number of people filing for jobless claims declined by 5000 for week ending 10th June. US empire state manufacturing index and US Philly fed manufacturing index beat the expec

The dollar fell against a basket of currencies on Wednesday - JRG Sec

USDINR

Rupee closed indecisively yesterday, nudging towards the crucial support levels around 64.20 levels. As was expected, markets remained flat ahead of US Fed monetary policy meet, which as expected by the markets raised interest rates by 25 basis points to 1.25%. While the markets already factored in this rate hike, the marginal weakness in dolla

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar decreased marginally by 0.04 percent in yesterday’s trading session against basket of six major currencies on the back of disappointing economic data from US. However, sharp downside was cushioned as US Federal Reserve raised its interest rates by 25bps and maintained its outlook for one more rate hike in 2017. The

JPYINR trading range for the day is 58.29-58.7 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.28-64.56.

* Rupee extended gains on buying by foreign banks and as investors preferred to remain on the sideline before Fed’s policy meeting outcome

* India's March WPI inflation revised to 5.99 percent y/y from 5.70

Pound recovers on inflation data - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.17 percent in yesterday’s trading session against basket of six major currencies on the back of disappointing economic data from US and as traders remained cautious ahead of US Federal Reserve policy meet. Further, Bank of Canada Governor Stephen Poloz gave hawkish statement. He said Central banks 2

JPYINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.23 percent on account of weak US Dollar Index. A lot has been happening in the United States of America which is hampering the price trend of the American currency. Attorney General Jeff Sessions engaged in

GBPINR trading range for the day is 81.51-82.52 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.37-64.67.

* Rupee snapped two-day losses on buying by foreign banks likely for foreign institutional inflows into local debt market and exporters.

* Retail inflation hit the lowest level in at least five years in May on cooli

EURINR trading range for the day is 72.14-72.76 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.4-64.69.

* Rupee weakened on likely outflows from local stocks amid dollar demand from oil importers.

* RBI is at an advanced stage of preparing a list of bad loans where resolution is required under the country's insolve

Dollar gained strength after upbeat job data - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.14 percent in yesterday’s trading session against basket of six major currencies as traders remained cautious ahead of US Federal Reserve policy meet. Further, Bank of Canada Senior deputy governor Carolyn Wilkins said bank was considering reducing its monetary policy stimulus. In Intraday Dollar In

GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.36 percent as recent lows in the currency prompted the traders to place fresh bets which pushed the Indian Rupee higher. Furthermore, market sentiments were a bit cautious ahead of the two day FOMC policy m

GBPINR spot (CMP-82.04) is expected to trade lower - Angel Broking

Rupee

* Last week, USDINR spot appreciated by 0.25 percent as markets discounted the release of RBI Monetary Policy Statement where the key interest rates were kept unchanged and the forecast for inflation in the coming months were also reduced.

* Reason behind this unchanged move could be attributed to spurt in farm loan waivers by states wh

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

NSE USDINR June (CMP – 64.40)

NSE USDINR June as seen in the weekly chart above has opened the week with gap down at 64.49 levels and starting of the week price rallied sharply and made a weekly high of 64.68 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 64.3150 level

GBPINR corrected sharply after trading below channel resistance for major part of last week - Motilal Oswal

USDINR:

Last week the important RBI policy statement was released and in line with expectation the central bank held rates unchanged but lowered its forecast for inflation for this year. Maintaining a “neutral” policy stance the RBI wanted more evidence and said it would want to wait more to be sure that inflation will remain subdued. The

Yen moved lower against USD - JRG Sec

USDINR

Rupee closed more or less unchanged against USD on Friday as markets continued their sideways range bound price action yet again. With the RBI policy decision behind them now, markets are looking forward to the US fed monetary policy decision this week. The meet, scheduled for this Wednesday can end the sideways price action in the near term. W

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated by 0.25 percent as markets discounted the release of RBI Monetary Policy Statement where the key interest rates were kept unchanged and the forecast for inflation in the coming months were also reduced. Reason behind this unchanged mov

Dollar off highs but remains supported as sterling slumps - GEPL

Dollar off highs but remains supported as sterling slumps

Market Commentary

* After the Hung parliament result in UK election, sterling last traded at 1.2743, little changed on the day, after sliding 1.7 percent on Friday, its biggest one-day drop in about eight months.

* May is now trying to unite a

USDINR trading range for the day is 64.21-64.57 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.21-64.57.

* Rupee depreciated on selling by oil importers and on expectations the Reserve bank of India may cut rates in August tracking fall in inflation.

* India's central bank kept its benchmark interest rate unchanged

Sell GBPINR FUT 82.50-82.65 TGT 81.95 SL 82.77 - Karvy

USDINR Intraday Outlook

Ahead of the testimony, investors feared that Comey’s testimony could engulf the Trump administration in further political scandals, delaying the administration's plans to implement economic initiatives such as tax reform intended to boost the economy but this did not happen and Comey testified that President Trump was

Sterling down as UK elections pointed to a hung parliament - GEPL

Sterling down as UK elections pointed to a hung parliament

Market Commentary

* The pound fell sharply in early trade on Friday after a British election exit poll showed Prime Minister Theresa May's Conservative Party falling short of a majority, likely resulting in a hung parliament.

* If the ex