Dollar trades subdued ahead of inflation data due today - GEPL

Market Commentary

*  The dollar was poised to narrowly ward off a fifth straight day of losses against a basket of currencies on Thursday, as investors looked ahead to inflation data on Friday that may provide more clues on the next U.S. interest rate hike.

* The dollar index was up 0.06 percent at 93.074.

* The dollar was sli

The Euro currency spot traded lower by 0. 35 percent - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.15 percent yesterday tracking gains in other Asian market currencies after the release of dovish FOMC Meeting Minutes where the committee noted another rate increase likely warranted this year provided low inflation persists. Moreover, sustained s

USDINR trading range for the day is 65.06-65.43 - Kedia

USDINR

* USDINR trading range for the day is 65.06-65.43.

* Rupee appreciated on buying by foreign banks on behalf of exporters amid weak dollar ahead of India's CPI inflation data.

* “Growth is always there in the MPC’s scheme of things; we don’t lose sight of that, but not at the cost of inflation,” Pa

Euro also derived scues from reports of strength in German exports - IIFL

FX

US dollar index retraced lower, as Euro regained lost ground in light of easing tensions over secession of Spain's Catalonia province. Euro also derived scues from reports of strength in German exports, growing 3.1% on the month, the strongest reading in a year. Sterling traded firm as well as UK's manufacturing output expanded at a healthy

The Euro reached a two- week peak at 1.1864 - GEPL

Market Commentary

* The dollar fell on Wednesday to a two-week low against a basket of currencies, as the U.S. Federal Reserve's latest minutes hinted policy-makers are open to an interest rate increase in December despite concerns about weak inflation.

*  Several Fed officials expressed they would like more inflation data in the ne

The Euro currency spot traded higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.15 percent yesterday on account of weak US Dollar Index that plunged by 0.30 percent on dovish FOMC Meeting Minutes where the committee noted another rate increase likely warranted this year provided low inflation persists. Moreover, dovis

JPYINR trading range for the day is 58.05-58.41 - Kedia

USDINR

* USDINR trading range for the day is 65.13-65.55.

*Rupee appreciated on buying by foreign banks inflows related to initial public offering amid weak dollar and on caution ahead of India's retail inflation data.

* India’s retail inflation edged up in September, driven by higher salaries of government employees as w

Euro reclaimed 1.18 mark against the greenback - IIFL

FX

Euro reclaimed 1.18 mark against the greenback after concerns over Catalonia's secession from Spain eased. In a speech to regional parliament, Catalan President ststed that although provincial government respects the results of recent referendum, it would not yet declare independence, giving a chance to deliberation with Spanish

Dollar was down 0.15 percent at 112.300 yen - GEPL

Euro rises to 1 week high on upbeat data, US dollar drifts away from 10-week high

Market Commentary

* The dollar wobbled against its peers on Wednesday, edging further away from a 10-week high.

* The euro was 0.15 percent higher at 1.1824 after touching 1.1828, its highest since Sept. 29. The common curren

EURINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.16 percent yesterday on account of weak US Dollar Index that plunged by 0.41 percent on account of the disappointing release of NFP employment data which came lower than the expected levels; all thanks to the worsened climatic condition

EURINR trading range for the day is 76.86-77.43 - Kedia

USDINR

* USDINR trading range for the day is 65.27-65.63.

* Rupee remained supported on selling by foreign banks amid weak dollar and improving risk appetite as investors believe that tension in North Korea may ease eventually.

* India reported fiscal deficit of 5.25 trillion rupees for April-August or 96.1 percent of the budgeted t

USDINR spot is expected to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot mostly traded on a flat note as lack of important economic data releases from the nation kept the trading volumes a bit light. The American currency plunged by 0.13 percent on account of the disappointing release of NFP employment data which came lower tha

GBPINR trading range for the day is 85.54-86.85 - Kedia

USDINR

*  USDINR trading range for the day is 65.37-65.69.

* Rupee traded in range as investors await retail inflation data from the US and India.

* "Growth is always there in the MPC’s scheme of things; we don’t lose sight of that, but not at the cost of inflation,” Urjit Patel said.

* Fosteri

Euro is deriving cues from political developments in Spain - IIFL
FX

Euro is deriving cues from political developments in Spain. Protests have been reported in Barcelona, opposing Catalonian secession. This shows how divided is the province. Meanwhile, Spanish Prime Minister Rajoy is contemplating at stripping  Catalonia's autonomy and xalling for fresh local elections if the leadership

JPYINR trading range for the day is 57.83-58.26- Kedia

USDINR

* USDINR trading range for the day is 65.29-65.71.

* Rupee remained under pressure on buying by banks across segments along with oil importers amid tracking strong dollar.

* There are also expectations of a big tax rate cut in the GST Council meeting to help economy improve growth by boosting consumption spending.

The Indian Rupee shall depreciate in October`17 towards 65.70 levels - Angel Broking

Currencies

The month of September’17 was filled with unpredictable events ranging from tensions in the Korean Peninsula to the tapering warnings given by the ECB and US Federal Reserve. Recent being the ‘Catalonia Referendum’ that has ignited fears amongst the EU members as this referendum move would encourage other countries to move

The dollar touched a fresh seven-week high - GEPL

Market Commentary

• The dollar touched a fresh seven-week high versus a basket of currencies on Friday, supported by hopes for progress on U.S. tax reforms. Dollar index last traded at 93.955. It rose to 94.016, its strongest level since Aug. 17.

• The near-term focus is on U.S. job data for September, due later on Friday. The empl