JPYINR trading range for the day is 58.6-59.04 - Kedia

USDINR

* USDINR trading range for the day is 64.01-64.3.

* Rupee rose to one-week high against the dollar on likely inflows related to corporates and with little change on lack of fresh triggers.

* Also, geo-political situation remains fragile as the North Korea opposed a military drill between the US and South Korean army beginnin

Buy NSE USDINR Aug between 63.90 - 64.00, SL - 63.60, Target - 64.60 / 64.70 - Angel Broking

NSE USDINR Aug (CMP – 64.2100)

NSE USDINR Aug as seen in the weekly chart above has opened the week with gap down at 64.11 levels and starting of the week it made a weekly low of 64.03 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 64.40 levels. This week prices have closed below th

US dllar will derive cues from President Trump`s speech - IIFL

FX

US dllar will derive cues from President Trump's speech to the nation where he is expected to announce increase in military troops to Afghanistan given the deteriorating security situation in the country. Later this week, investors will also be apprehensive of US and South Korea's joint military drills in the Korean Peninsula which can rub

GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated by 0.07 percent on account of dovish Fed minutes that showed that the Fed policymakers appeared increasingly wary about recent weak inflation thereby prompting them to halt interest rate hikes until it was clear the trend was transitory

USDINR trading range for the day is 64.07-64.37 - Kedia

USDINR

* USDINR trading range for the day is 64.07-64.37.

* Rupee traded in range on likely buying by foreign banks and on value buying by nationalised banks and foreign investors amid fall in US Treasury yields.

* RBI’s monetary policy committee members said easing consumer inflation had supported the need for a rate cut at i

ECB also acknowledged that groth in inflation is losing traction - IIFL

FX

 Euro retreated lower as minutes of the recent ECB policy meeting revealed that policymakers are concerned about prevalent strength in the currency. ECB also acknowledged that groth in inflation is losing traction, with CPI scaling lower to 1.3% in June from 1.4% in May and 1.9% in April. This indicates that the central bank is not contemplatin

US dollar rebounded to a three week high against the basket of currencies - IIFL

FX

 US dollar rebounded to a three week high against the basket of currencies, underpinned by strong retail sales numbera, which posted their biggest rise in seven months. Higher business inventory stockpiling during June also boosted the greenback. Meanwhile, Yen derived cues from strong macroeconomic number as well. Japan's Q2 GDP expanded a

Dollar advances on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.47% in yesterday’s trading session against basket of six major currencies on the back of upbeat economic data from US and as tension between United States and North Korea eased. US Retail sales data showed largest gain in 7 months. Further, upside in dollar continued on news that North Korean leader

EURUSD traded lower by 0.4 percent yesterday - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian rupee appreciated marginally on Monday as investors expected the domestic CPI to follow the positive trend in WPI data released earlier during the day. India’s WPI rose 1.88 percent in July from a year earlier, compared with an increase of 0.63 percent in July 2016

JPYINR trading range for the day is 58.34-58.78 - Kedia Commodity Ltd

USDINR

* USDINR trading range for the day is 63.95-64.38.

* Rupee settled flat paring all of its gains on oil importer demanded dollars in a truncated week.

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

* India's industrial produ

USDINR: Re-Testing the Break-Down Zone - Sharekhan

USDINR: Re-Testing the Break-Down Zone

USDINR after breaking down below the rising trend line and previous swing low has seen a counter move which is just re testing of the break down zone. This move can be seen as a shorting opportunity. Daily & weekly Moving averages are resistance on upside and the momentum indicator is negative. Hence one can s

USDINR spot is expected to depreciate towards 64.70 levels - Angel Broking

Currencies

Statements, events and acts that moved the markets last week has been explained below:

The US warned that further threats from the country would be met with “fire and fury like the world has never seen” citing North Korea and Pyongyang's threat of possible armed retaliation. Despite this, North Korea said it’s

JPYINR jumped by 2 percent last week - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian rupee weakened by 0.5 percent last week as investors got nervous after news report that the Indian Army had asked villagers near Doklam to vacate their homes. On the other hand, global scenario was not bright either with US - North Korea tensions hurting the risk appetit

USDINR trading range for the day is 64.13-64.45 - Kedia

USDINR

* USDINR trading range for the day is 64.13-64.45.

* Rupee fell to near two-week low against the dollar on likely outflows from local stocks and increasing tensions between the US and North Korea.

* Also, sentiments on domestic front deteriorated as tensions rise between India-China over disputed territory in Sikkim.

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GBPINR spot is expected to gain further today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian rupee weakened by 0.4 percent in the previous session as investors got nervous after news report that the Indian Army had asked villagers near Doklam to vacate their homes. On the other hand, global scenario is not bright either with US - North Korea tensions hurting the

We can expect EURINR prices should move lower towards - Choice India

USDINR

Technical View:

On a daily chart, the pair has given breakdown of its rising channel trend line at 64.20 level.

Moreover, prices have been trading below its 50 DSMA which gives the sign of bearishness in the prices.

A momentum indicator RSI has moved below 40 level on a daily chart,

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar declined by 0.16% in yesterday’s trading session against basket of six major currencies on the back of disappointing economic data from US and rising tension between United States and North Korea. North Korea said that it’s planning to launch four intermediate range ballistic missiles into waters near Guam in

Dollar down on disappointing economic data - Sharekhan

US Dollar Index (DX):

US Dollar declined by 0.11% in yesterday’s trading session against basket of six major currencies on the back of disappointing economic data and rising tension between United States and North Korea. US president Donald Trumph warned North Korea it would be met with “fire and fury” if it threatens United States.

Pound however it remained on the defensive against Swiss Franc and Yen - IIFL

FX  

US dollar scaled higher against Euro and pound, however it remained on the defensive against Swiss Franc and Yen. This is quite explicable given the fact that Yen and Swiss Franc tend to perform the best when geopolitical tensions are at peak. Meanwhile, South Korean won tumbled, registering the steeped one-day fall in nearly 8 weeks. Tension