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

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot depreciated by 1.17 percent in yesterday’s trading session tracking losses in Asian market equities amid global concerns. On the US front, the Justice Department has appointed former FBI Director Robert Mueller to investigate Russian interference in the presi

Buy EURINR around 71.20 Target 71.70 Stop loss 70.90 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed negative opening and traded with bearish sentiments throughout the session due to selling pressure from traders. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 32.30 on Daily charts showing

GBPINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot depreciated by 0.14 percent in yesterday’s trading session tracking losses in Asian market equities amid global concerns. Recent strength in the domestic currency has prompted the RBI to intervene via state-owned banks which added to the rupee’s weaknes

JPYINR trading range for the day is 56.92-57.33 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.02-64.37.

* Rupee settled flat as dollar buying by state-run banks for oil importers was offset by overseas funds flow into local debt and equity markets.

* India's merchandise exports grew in double digits in dollar term

Euro surges on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.54 percent in yesterday’s trading session against basket of six major currencies on the back of weaker than expected economic data and political turmoil. As per media reports President Donald trump asked now-dismissed FBI Chief James Comey to end agency investigation into the actions of former Nat

Sell USDINR around 64.20 Target 63.90 Stop loss 64.40 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed negative opening and traded with bearish sentiments throughout the session due to selling pressure from traders. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 32.30 on Daily charts showing

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.02 percent in yesterday’s trading session after a cyber-attack threat pushed the American currency lower in turn boosting the demand for the Indian Rupee. Domestic markets i.e. Sensex and Nifty traded higher after the robust release of inflat

We expect prices to trade up with resistance at 71.40/70.70 - LKP Sec

USDINR

News & Analysis

* USDINR traded lower on weaker dollar index and strong equity indices. Prices have breached the previous trading range below 64.20 ended lower at 64.19 for the day.

* The dollar index, measuring it against a basket of major currencies, traded lower on US political worries

Euro surges on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.81 percent in yesterday’s trading session against basket of six major currencies on the back of weaker than expected housing data. Further, reports that US President Donald trump shared classified information with top Russian officials. In Intraday Dollar Index touched a low of 98.08 and closed at

GBPINR trading range for the day is 82.35-83.44 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.06-64.33.

* Rupee traded in range on selling by state run banks on behalf of oil importers.

* India's industrial output rose 2.7 percent in March from a year earlier, government data showed.

* India's merchan

EURINR trading range for the day is 70.04-70.77 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.03-64.41.

* Rupee appreciated after retail inflation eased to record easing fears of a pre-emptive rate hike by the central bank.

* India's retail inflation dropped to record low of 2.99% in April from a nearly five-month

Dollar plunges on disappointing manufacturing data - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.34 percent in yesterday’s trading session against basket of six major currencies on the back of weaker than expected manufacturing data. US Empire State manufacturing index decline to -1.0 in May compared to 5.2 in April. Further, Commodity sensitive currencies gained strength on upward movement i

Sell JPYINR around 56.80 Target 56.30 Stop loss 57.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed negative opening and traded with bearish sentiments throughout the session due to selling pressure from traders. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 31.93 on Daily charts showing

GBPINR spot is expected to trade a bit lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.31 percent in yesterday’s trading session after a cyber-attack threat pushed the American currency lower in turn boosting the demand for the Indian Rupee. Domestic markets i.e. Sensex and Nifty traded higher after the robust release of inflati

USDINR spot (CMP - 64.12) is expected to trade sideways to higher - Angel Broking

Rupee

* Last week, USDINR spot appreciated by 0.10 percent tracking gains in the domestic markets i.e. Sensex and Nifty on the back of uninterrupted foreign inflows in local equity and debt markets.

* Moreover, forecast of a normal monsoon amid positive global cues added to the positive sentiment.

* Furthermore, weakness in the Ame

Yen advances on safe haven demand - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.37 percent on Friday’s trading session against basket of six major currencies on the back of weaker than expected Inflation and Retail sales data. US core CPI rose 1.9 percent year on year in April. However, sharp downside was prevented on upbeat consumer sentiment data. US Prelim UoM consumer sent

Dollar slips after weaker than expected U.S. inflation , sales data - GEPL

Dollar slips after weaker than expected U.S. inflation , sales data

Market Commentary

* The dollar started the week on the defensive on Monday, after U.S. economic data came in shy of expectations and another missile test by North Korea over the weekend underpinned the perceived safehaven yen.

* The

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, the Indian Rupee spot appreciated by 0.10 percent tracking gains in the domestic markets i.e. Sensex and Nifty on the back of uninterrupted foreign inflows in local equity and debt markets. Moreover, forecast of a normal monsoon amid positive global cues added to the

Sell GBPINR around 83.20 Target 82.70 Stop loss 83.50 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed negative opening and traded with bearish sentiments throughout the session due to selling pressure from traders. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 36.81 on Daily charts showing

Pound plunges after BOE policy meet - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.05 percent in yesterday’s trading session against basket of six major currencies on worries over political turmoil after US President Donald trump abruptly removed FBI director James Comey. However, sharp downside was prevented on the back of upbeat economic data from US. Number of people filling

We expect the Rupee to open around 64.35-64.42 levels - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee posted its biggest single-session gain in 4 weeks against the Dollar, helped by greenback sales by a few corporates and bunched-up dollar inflows after a mid-week holiday. However, it pared some gains after at least two state-run banks stepped up greenback

Trading range for the day is 64.33-64.81 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.33-64.81.

* Rupee appreciated on buying by foreign banks and big corporates amid weak greenback against its major currencies.

* India's private sector logged a slower growth in April, survey data from IHS Markit showed.