Dollar ticks up on fiscal hopes - GEPL

Market Commentary

* The dollar rose to a more than one-month high against a basket of currencies on Wednesday, as optimism about U.S. fiscal reforms boosted sentiment in favor of the greenback. The dollar index was up 0.47 percent at 93.401, after touching 93.607, the highest since Aug. 23.

*  Against the yen, the dollar stood at 112.82

GBPINR trading range for the day is 88.02-88.89 - Kedia

USDINR

* USDINR trading range for the day is 65.41-66.31.

* Rupee plunged after comments from Fed’s Yellen that hinted at another rate hike this year amid foreign fund outflows from local stocks.

* RBI will hold policy steady at its Oct. 4 meeting, and well past next year, amid weak economic growth and signs inflation may soo

Germany has reinforced the threat to an intergrated Europe - IIFL

Euro lost further ground, as rising popularity of far-right wing ideology in Germany has reinforced the threat to an intergrated Europe. Entry of anti-immigrant Alternative for Germany Party into Bundestag will certainly inculcate a sense of instability for Chancellor Angela Merkel. Meanwhile, French President proposed EU to work more closely on defence and immigration and have a unified budget

Dollar Eases on Yellen Remarks, EUR/USD at 1-Month Lows - GEPL

Dollar Eases on Yellen Remarks, EUR/USD at 1-Month Lows

Market Commentary

* The U.S. dollar was underpinned by remarks from the Federal Reserve chief on the need to continue with rate hikes, while the euro licked the wounds from political uncertainty following the German election at weekend. The dollar's

We expect prices should move down towards  56.50 levels - Choice Broking

USDINR

Technical View:

In a daily chart, USDINR has given a breakout of the fall‐ ing channel and moved up strongly. So, the trend is ex‐ pected to remain upward. Moreover, price has moved above 50 SMA as well as 100 SMA; however, proximity to 200 SMA is expected to pro‐ duce resistance. In addiƟon, m

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to depreciate as global and domestic woes prompt the foreign investors to liquidate its holding in local equity markets. Markets are concerned about India’s growth rate post demonetisation. Also, month end dollar demand from importers and banks al

JPYINR trading range for the day is 58.51-59.07 - Kedia

USDINR

* USDINR trading range for the day is 64.74-66.18.

*  Rupee weakened as concerns over weak economic growth and uncertainty over the government’s implementation of reform measures hit foreign investor sentiment.

* India’s economic growth slowed to a three-year low of 5.7 percent in the June quarter.

Euro remained on the defensive, as investors assess the outcome of German elections - IIFL

Euro remained on the defensive, as investors assess the outcome of German elections. Although Chancellor Angela Markel has clinched the fourth team, she has lost sizable vote share to the opposition. Merkel's CDU party registered the worst showing since 1949, garnering only 33% of the vote share, sharply down from down from 41.5% in 2013. CDU will now have to be contend with a rather instab

EURINR trading range for the day is 77.52-77.98 - Kedia

USDINR

* USDINR trading range for the day is 64.84-65.74.

* Rupee depreciated sharply on foreign institutional investors' fund outflows from local stocks over rising worries health of Indian economy.

* The Reserve Bank of India has been intervening to stem the rupee’s appreciation, Chief Economic Adviser Arvind Subramania

GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to depreciate tracking losses in Asian market currencies on account of ongoing political tensions between N. Korea and the US. Also, concerns about India’s growth rate post demonetisation have harmed the foreign inflows in turn keeping the domesti

Buy NSE USDINR Oct between 64.80 – 64.70, SL – 64.50, Target – 65.30 / 65.40 - Angel

NSE USDINR Oct (CMP – 65.0850)

NSE USDINR Oct as seen in the weekly chart above has opened the week with gap down at 64.35 levels and on the same it made a weekly low of 64.3050 levels. Later on as expected prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 65.4525 levels. On the last trading session on

North Korea jitters, profit-taking knock dollar vs yen - GEPL

North Korea jitters, profit-taking knock dollar vs yen

Market Commentary

* The dollar weakened against the yen on Friday, with tensions simmering on the Korean peninsula and as the boost from heightened expectations of a U.S. interest rate hike in December faded.

* The dollar was down 0.42 percent a

EURINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to depreciate as concerns about India’s growth rate post demonetisation have harmed the foreign inflows in turn keeping the domestic markets weak. Also, month end dollar demand from importers and banks along with the hawkish comment from the US Fed

EU rules and pay back its existing obligations - IIFL

FX

 Sterlingretraced from the highs after Prime Minister Theresa May made a plea to EU for an additional two-year transition period, promising in return to abide by EU rules and pay back its existing obligations. Moody's later downgraded sovereign credit rating of UK to AA2 from AA1, though it changed its outlook to stable. The rating agency c

EURINR trading range for the day is 77.03-78.57 - Kedia

USDINR

* USDINR trading range for the day is 64.49-65.39.

* Rupee hit its weakest point since early April amid concerns that the government’s plan for a stimulus to halt an economic slowdown.

* India is considering a plan to loosen the fiscal deficit target so that it could spend an additional 500 billion rupees in the financ

Yen derived from BOJ policy meeting - IIFL

FX

Yen derived from BOJ policy meeting, where although a status quo was maintained on the interest rates and asset purchase program, one of tha board member had a divergent view, calling for an increase in the monetary stimulus given that inflation target of 2% remains elusive. Meanwhile, US dollar retraced from the recent high against the basket of currencies, as geopolitical tensins

Dollar edges lower against Yen remains supported in subdued trade - GEPL

Dollar edges lower against Yen remains supported in subdued trade

Market Commentary

* The dollar weakened against a basket of currencies on Thursday, pulling back from a more than two-week peak.

* The dollar dipped 0.2 percent to 112.28 yen, but was still up 1.3 percent on the week in which it scaled

GBPINR is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to strengthen slightly on account of weak US Dollar Index after a report stated that North Korea could respond to fresh sanctions with a hydrogen bomb in the Pacific. However, sharp gains could be restricted as markets still remember the recent FOMC meet

GBPINR trading range for the day is 86.73-87- Kedia

USDINR

* USDINR trading range for the day is 64.22-65.22.

* Rupee dropped as pressure seen after FOMC hinted of a potential rate hike in December and tapering off balance sheet from October.

* Fed left interest rates unchanged following a two-day policy meeting, but signalled that a further rise in short-term borrowing costs was st

Sell USDINR @ 64.85 SL ABV 65.40 TGT 64.25-63.70 - Kedia Commodity

USDINR

Outlook:

Indias Q2 GDP growth slumped to the slowest pace since Q1 2014, which could raise market hopes for further monetary easing. India’s foreign reserves rose to a record high of USD 394.6bn as of 25 August amid portfolio inflows. The standoff between India and China in the Doklam/Donglang are