USDINR spot is likely to appreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.26 percent as markets discounted the release of RBI Monetary Policy Statement where the key interest rates were kept unchanged as expected and the forecast for inflation in the coming months were also reduce

JPYINR trading range for the day is 58.23-59.15 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.19-64.73.

* Rupee appreciated on buying for foreign banks and on hopes of a rate cut by RBI in near term after it lowered inflation projections.

* The Monetary Policy Committee kept the repo rate unchanged on uncertainty regar

Sell GBPINR FUT 83.75-83.80 TGT 83.35 SL 83.95 - Karvy

 USDINR Intraday Outlook

US dollar index is trading at 96.70, remains afloat against a basket of currencies. There are no major economic reports published yesterday. Even today the calendar remains light the only data which be reported today is Weekly jobless claims. India's central bank kept its key interest rate unchanged at 6.25 percent on

The pound settled higher yesterday - JRG Sec

USDINR

Rupee closed marginally higher against USD in yesterday’s trade with the RBI maintaining the interest rates as they are, though the SLR (Statutory Liquidity Ratio). While there were some gains in rupee after the policy decision, they were only marginal as expectations were for the rates to be unchanged. The technical picture for the near

JPYINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.02 percent as markets discounted the release of RBI Monetary Policy Statement where the key interest rates were kept unchanged as expected and the forecast for inflation in the coming months were also reduc

GBPINR trading range for the day is 83.04-83.65 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.33-64.77.

* Rupee gained after RBI in its monetary policy meeting lowered its inflation projections for the current financial year.

* The Monetary Policy Committee kept the RBI's repo rate unchanged at 6.25% on uncertaint

EURINR spot is likely to trade sideways to higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot depreciated by 0.12 percent as markets remain cautious ahead of the RBI Monetary Policy Meeting that is scheduled to be released later in the day. With the incoming weak economic datasets from the nation, markets are expect

USDINR moved marginally higher as expected in yesterday - JRG Sec

USDINR

USDINR moved marginally higher as expected in yesterday’s trade with the rupee weakening against USD. The RBI monetary policy meet today can probably decide if there would be further weakness in rupee or not. Expectations are for a hold on rates, with majority expecting no rate cuts, though they are expecting that RBI would ease its stance

We expect JPYINR to trade up with support at 58.90/58.60 - LKP Sec

USDINR

News & Analysis

* USDINR traded steady later recovered ahead of RBI policy meet with expectations of central bank may have bought dollars via state run landers to mop up the inflows. Prices are trading higher near 64.67 with opening trade.

* The dollar index .DXY, which tracks the greenbac

Demand for safe haven improved ahead of three major events - Sharekhan

US Dollar Index (DX):

US Dollar declined 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 worries over engulfing political turmoil in US. Demand for safe haven improved as investors remained cautious ahead of UK election and European Central Bank policy m

EURINR trading range for the day is 72.56-72.92 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.39-64.73.

* Rupee traded with little change as investors await the Reserve Bank of India's monetary policy meeting outcome.

* RBI will likely strike a less hawkish tone while leaving interest rates unchanged at a policy m

Buy EURINR FUT 72.69-72.65 TGT 72.95 SL 72.55 - Karvy

USDINR Intraday Outlook

US dollar index is trading at 96.71, rebounding from 96.61 which more than a 7 weeks low after NPF was reported lower than expected on Friday. Then on-manufacturing ISM index dropped to 56.9 from 57.5 a s factory orders and durable goods declined. After the miss in Nonfarm Payrolls, slower service-sector growth did not catch anyone by surprise,

Dollar steadies ahead UK vote, Comey testimony and ECB decision - GEPL

Dollar steadies ahead UK vote, Comey testimony and ECB decision

Market Commentary

* The dollar steadied against a basket of currencies on Monday, recovering from a near a seven‐month low hit on Friday, as investors turned their focus to this week's impending European Central Bank meeting and a parliamen

The pound edged slightly higher on Monday - JRG Sec

USDINR

Rupee continued the sideways price action against USD yesterday also, as was expected ahead of the RBI monetary policy meet tomorrow. Also the US Fed is scheduled to announce its own monetary policy next week. As such the consolidation in rupee is quite understandable. While there isn’t much that we can read from the charts, there is a sli

USDINR trading range for the day is 64.4-64.64 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.4-64.64.

* Rupee appreciated on buying by exporters amid weak dollar following dismal US jobs data.

* The Reserve Bank of India-led Monetary Policy Committee may soften its tone on inflation concerns flagged in previous policy

USDINR spot is likely to trade sideways to positive - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, USDINR spot appreciated by 0.09 percent as the dovish stance in the recent FOMC meeting minutes acted in favor of Asian markets including India thereby providing support to the Indian Rupee. Moreover, the Trump administration’s wi

Yen advances on safe haven demand amid rising geopolitical tension - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.09 percent in yesterday’s trading session against basket of six major currencies as investors remained cautious ahead of UK election and European Central Bank policy meeting. However, sharp gain was capped on the back of disappointing economic data from US. Services PMI showed that the activity in t

Sell NSE USDINR June between 64.80-64.90, SL-65.20, Target-64.20/64.10 - Angel Broking

NSE USDINR June (CMP – 64.64)

NSE USDINR June as seen in the weekly chart above has opened the week with gap up at 64.76 levels and starting of the week it made a weekly high of 64.9250 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 64.5475 levels. This week prices hav

EURINR spot (CMP-72.50) is expected to trade a bit higher - Angel Broking

Rupee

* Last week, USDINR spot appreciated by 0.16 percent owing to fresh selling of the US Dollar by exporters and banks.

* Moreover, weakness in the US Dollar Index after the Trump administration backed out from the Paris climate agreement pushed the Indian Rupee higher.

* Dovish stance in the recent FOMC meeting minutes acted in

Rupee continues to trade in a highly indecisive manner with the direction - JRG Sec

USDINR

Rupee continues to trade in a highly indecisive manner with the direction not clearly discernable from the proceedings. Friday once again witnessed yet another narrow range bound trading session with markets opening lower but moving higher erasing the gains in rupee. Even weekly charts are very much indecisive. The fact that volumes haven&rsquo

JPYINR shall trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated by 0.16 percent as the dovish stance in the recent FOMC meeting minutes acted in favor of Asian markets including India thereby providing support to the Indian Rupee. Moreover, weakness in the US Dollar Index added to rupee’s stre

JPYINR trading range for the day is 57.79-58.24 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.47-64.78.

* Rupee traded in range seen as investors prefer to remain on the sideline ahead of US non-farm payroll figures.

* India's economic growth is expected to pick up to 7.5 percent in the fiscal year that ends in Ma