USDINR spot is likely to appreciate today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.31 percent in yesterday’s trading session 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 c

Sell EURINR around 70.40 Target 70.00 Stop loss 70.70 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed gap down 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 38.03 on Daily charts showing

Dollar advances on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.01 percent in yesterday’s trading session against basket of six major currencies as US treasury rose on expectation of rate hike in June after upbeat economic data from US. However, sharp gain was capped as trader’s doubts about government’s ability to implement its economic reforms. US

We expect prices to trade sideways to up with support at 83.50 - LKP Sec

USDINR

News & Analysis

* USDINR traded up recovering from lows with stronger dollar. Prices have breached resistance near 64.60 and ended higher at 64.80 for the day.

* The dollar index, measuring it against a basket of major currencies, traded higher recovered from lows to 99.70 on optimism of

USDINR May contract ended higher in the previous session - Reliance Sec

RECOMMENDATIONS    

DOMESTIC MARKET RECAP

The Indian Rupee logged the worst fall against the Dollarin nearly five months, on greenback demand from crude oil and other importers.

The Rupee settled at 64.62 to a Dollar its lowest since Apr. 18, and from 64.30 at previous close. The session al

Dollar at eight-week highs vs Yen on U.S. economic optimism - GEPL

Dollar at eight-week highs vs Yen on U.S. economic optimism

Market Commentary

* The dollar edged up to eight week highs against the yen on Thursday in early Asian trading at 114.31 after earlier rising as high as 114.37, it’s highest since March 15.

* EUR/USD continues trading with a bearish bi

Buy USDINR around 64.70 Target 64.95 Stop loss 64.57 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments in last trading session on strong buying support from traders. Technically, It managed to settle above downward sloping trend line and witnessed buying with good volume which indicates strength in recovery. Momentum Indicator RSI for the 14-day period is poised at 43.80 on Daily charts sho

Sell JPYINR around 57.20 Target 56.80 Stop loss 57.50 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures traded with firm sentiments in last trading session on strong buying support from traders. Technically, It managed to settle above downward sloping trend line and witnessed buying with good volume which indicates strength in recovery. Momentum Indicator RSI for the 14-day period is poised at 43.80 on Daily charts sho

Support for the USDINR spot pair is at 64.22 and 64.15 - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee appreciated against the US Dollar for the first time in three sessions against the dollar, as victory for pro-European Union leader Emmanuel Macron at the French presidential election spurred a rally in risk assets.

The Rupee settled at 64.30 to

JPYINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot traded on a flat note however it ended lower by 0.06 percent in yesterday’s trading session owing to increased optimism in Asian market equities following French elections. Domestic markets i.e. Sensex and Nifty traded in green on the back of uninterrupted fo

JPYINR trading range for the day is 57.01-57.54 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.31-64.57.

* Rupee ended with gains tracking weak dollar as independent centrist Emmanuel Macron's win at the French presidential election eases fears.

* Finance Minister Arun Jaitley underscored that the Goods and Services

Buy GBPINR around 83.40 Target 83.80 Stop loss 83.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed bearish opening but recovered well due to short covering from traders. Technically, It managed to settle above downward sloping trend line. Momentum Indicator RSI for the 14-day period is poised at 32.61 on Daily charts showing sign of recovery. USD/INR could remain firm & a breach of 64.54 could determ

The Indian Rupee could likely remain range bound intraday - Reliance Sec

RECOMMENDATIONS  

DOMESTIC MARKET RECAP

The Indian Rupee posted the biggest-single day drop in nearly four weeks against the Dollar, as a slump in crude oil prices hurt investors’ appetite for risk assets. The Rupee settled at 64.37 to a Dollar its lowest close since Apr. 24, from 64.18 at previous

We expect prices to trade up with resistance at 71.10 - LKP Sec

USDINR

News & Analysis

* USDINR traded up recovering from lows on weak equity indices. Prices have witnessed resistance near 64.60 and ended positive at 64.54 for the day.

* The dollar index, measuring it against a basket of major currencies, traded higher after US FOMC concluded 2 days meeting

Emmanuel Macron elected President of France with 65% of the vote - GEPL

Emmanuel Macron elected President of France with 65% of the vote

Market Commentary

* The euro edged away from highs hit early in the Asian session on Monday as investors took profits from its gains after centrist Emmanuel Macron's victory over the far-right Marine Le Pen in France's presidential elect

Euro surged ahead of French Presidential election - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.15 percent on Friday’s trading session against basket of six major currencies despite of upbeat economic data as Euro surged on expectation that centrist candidate Emmanuel macron will defeat anti EU Marine le Pen in presidential election. Data showed that 211,000 jobs were added in the economy. Un

Buy EURINR around 70.60 Target 71.00 Stop loss 70.30 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed firm opening and traded with firm sentiments throughout the session due to short covering from traders. Technically, It gave break out of downward sloping trend line and settled above the same. Momentum Indicator RSI for the 14-day period is poised at 34 on Daily charts showing sign of recovery. USD/INR cou

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, USDINR spot depreciated by 0.05 percent yesterday after the US Feds hinted at the possibility of two more rate hikes in the coming months which dented the demand for the Indian Rupee. The hawkish tone in the US Fed Chair’s speech has now led the traders pricing

GBPINR trading range for the day is 83.03-83.84 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.34-64.67.

* Rupee plunged to one-week low on selling by nationalised banks including Syndicate Bank likely for oil importers.

* Growth in India's dominant services industry came close to stalling in April as new orders sl

USDINR spot which is currently trading at 64.13 levels - Angel Broking

Indian Rupee

USDINR spot which is currently trading at 64.13 levels while writing, appreciated by around 1.08 percent in April’17. Reason behind the strength could be attributed to the international and domestic factors that boosted the market confidence.

From the domestic front, approval of all four bills relating to the implementation

Sterling rose against the US Dollar on Thursday - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee ended flat on Thursday. Appreciation remained limited as the domestic currency tracked the Asian currencies as increasing expectations that the U.S. Federal Reserve will raise its policy rate next month buoyed demand for the greenback. However, gains in l

GBPINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot depreciated by 0.08 percent yesterday after the US Feds hinted at the possibility of two more rate hikes in the coming months which dented the demand for the Indian Rupee. The hawkish tone in the US Fed Chair’s speech has now led the traders pricing in a 72

Sell USDINR around 64.48 Target 64.20 Stop loss 64.65 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed gap down opening, but recovered well from lower levels due to short covering from traders. It witnessed range bound trades throughout the session and short covering at lower levels supported the prices to fall further. Momentum Indicator RSI for the 14-day period is poised at 26.52 in the oversold zone on D