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

GBPINR trading range for the day is 85.61-86.82 - Kedia

USDINR

* USDINR trading range for the day is 65.03-65.51.

*  Rupee remained under pressure amid lack of fresh triggers after the RBI kept rates unchanged in a widely expected move.

* India services PMI rose to 50.7 in September (47.5 in August); activity expanded for first time in three months

* RBI kept its policy r

USDINR spot is expected to strengthen today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to strengthen today as markets discount the release of RBI Monetary Policy Statement where the committee went along with the market expectation and maintained neutral policy stance. The committee citied disappointing i

JPYINR trading range for the day is 57.82-58.49 - Kedia

USDINR

* USDINR trading range for the day is 64.86-65.78.

* Rupee gained as Reserve Bank of India cut Statutory Liquidity ratio to 19.5% from earlier 20% at the Monetary Policy Committee (MPC) outcome.

* RBI kept its policy rate steady at a near seven-year low of 6.00 percent on Wednesday despite a sharp slowdown in economic growth

The dollar index stood at 93.57, off a 1 1/2-month high - GEPL

Market Commentary

• The dollar stepped back from a 1 1/2-month high against a basket of currencies on Wednesday, as the rally triggered by strong U.S. data fizzled on speculation U.S. President Donald Trump's choice for the next Fed Chair may be a less hawkish candidate than previously thought.

• The dollar index stood at 93.57,

USDINR spot is expected to strengthen today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to strengthen today as investors expect no change in today’s RBI Monetary Policy Statement given the gradual rise in retail inflation. Also, investors await a crucial announcement on who will lead Federal Reserve in 2018 and beyond in the coming

GBPINR trading range for the day is 86.92-87.59 - Kedia

USDINR

* USDINR trading range for the day is 65.54-65.98.

* Rupee pared two-day gains as dollar rose on comments from Federal Reserve officials that hinted at a rate hike in December and optimism over Trump's Tax plans.

* Pressure also seen on expectations the Reserve Bank of India raise concerns on country's economic growt

USDINR spot is expected to weaken towards 65.90 levels - Angel Broking

Currencies

This week’s prime focus shall be on the RBI Monetary Policy Meeting where the committee is expected to keep the repo rate unchanged given the gradual rise in retail inflation. Also, a number of important economic datasets from the US, UK and Europe is expected to be released. Markets remain cautious in the mid-week prior to the Fed Chair Janet

Influenced by stronger than expected ISM manufacturing data - IIFL

FX

Euro remains under pressure, as a nervous deadlock between Catalonian provincial authorities and Spanish government in light of the independence movement has raised a big question on EU's endeavour to economically integrate the continent. US dollar maintained strength, influenced by stronger than expected ISM manufacturing data. Rebuilding proc

Sell NSE USDINR Oct between 65.80 - 65.90, SL - 66.30, Target - 65.20 / 65.00 - Angel Broking

NSE USDINR Oct (CMP – 65.5050)

NSE USDINR Oct as seen in the weekly chart above has opened the week with gap up 65.1375 levels and on the same it made a weekly low of 64.9950 levels. Later on as expected prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 66.1225 levels. On the last trading session on th

EURINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to trade in a range-bound manner reason being the positive trading in the Asian markets currencies. However, strong factory data from the US and the prospect for American tax cuts shall boost confidence in the global economy and the US Dollar Index which

USD trajectory is reminiscent of a Phoenix rising from the ashes - IIFL

CURRENCY

USD trajectory is reminiscent of a Phoenix rising from the ashes. After a multi-month low against the basket of currencies, greenback now soars in the wake of Trump administration's strides on tax reforms. Lower income taxes is estimated to reduce federal revenue by US$5 trillion over next ten years. Though the tex reform is short on subst

US dollar retraced moderately from the highs - IIFL

US dollar retraced moderately from the highs against the basket of currencies, as scepticism prevails on how Trump administration will balance budget after hefty tax cuts. Unlike the 1986 tax reform which was revenue-neutral, Trump's proposal of lower taxes for corporates and households fails to answer how revenues will be created and fiscal gap will be funded. The paln does not mention abo

Dollar set for best weekly gain in 2017; focus on Trump tax plan - GEPL

Market Commentary

*The dollar inched higher against a basket of major currencies on Friday, having pulled back from one-month highs set this week as investors pondered the Trump administration's tax plan and the outlook for Federal Reserve policy.

* The dollar index rose 0.1 percent to 93.155, languishing below Thursday's peak of 93.

USDINR trading range for the day is 65.45-66.27 - Kedia

USDINR

* USDINR trading range for the day is 65.45-66.27

* Rupee appreciated on buying by foreign banks likely for exporters and corporate clients as they took advantage of rupee's plunge to fresh six-month lows.

* The Reserve Bank of India may cut repo at its October monetary policy to support sluggish economic growth.

US dollar`s trajectory is reminiscent of a Phoenix rising from the ashes - IIFL

FX

  US dollar's trajectory is reminiscent of a Phoenix rising from the ashes. After a multi-month low against the basket of currencies, greenback is now soaring in the wake of Trump administration and fellow Republicans accentuating focus on tax reforms. Disappointment over failed overhaul of healthcare bill is no more a fretting the markets