EURINR trading range for the day is 75.24-76.33 - Kedia

USDINR

* USDINR trading range for the day is 63.46-64.53.

* Rupee strengthened to its highest in two years amid heavy selling of dollars by foreign banks.

* RBI cut its policy rate by 25 basis points to 6 percent, as slumping inflation allowed the central bank to focus on boosting an economy.

* The RBI also cut the revers

BOE will contemplate at normalising the polocy at the beginning of next year - IIFL

FX

 US dollar continues to struggle, with values momentarily dipping to a 15 month low against the basket of currencies. Meanwhile, Euro remained on a firm footing, underpinned by positive macroeconomic numbers. In this regard, Euro zone Q2 GDP expanded 2.1% (yoy basis), higher than the growth of 1.9% in the prior quarter. For Indian rupee, marke

EURINR trading range for the day is 75.82-76.3 - Kedia

USDINR

* USDINR trading range for the day is 64.18-64.42.

* Rupee traded near 11-week high as dollar plunged to over 15-month low on uncertainty over the US political outlook.

* Rupee also seen supported as investors expect the Reserve Bank of India to cut interest rates at its policy.

* Indian factory activity plunged las

EURINR spot (CMP - 75.15) is expected to trade higher - Angel Broking

Rupee

* In the last week, the Indian Rupee spot appreciated by 0.42 percent as the markets discounted the July’17 release of FOMC policy statement which showed that the Feds did not look very committed to raising interest rates anytime soon given the weak inflation rate.

* On the domestic front, markets traded mostly on the upside all

USD sustaining strength and moving above 1.20 mark in next few months - IIFL

FX  

Euro hit a 2 & 1/2 year high against US dollar,with values surpassing 1.18 mark. The currency was helped by steady inflation reading, where CPI for july was reported at 1.3%. Although prevalent inflations is still well behind ECB's inflation targer of 2%, there is a strong expection that the central bank will decide to taper the asset

Dollar plunges on worries over political uncertainty - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.42 percent in yesterday’s trading session against basket of six major currencies on the back of worries over political uncertainty in US and dovish statement from Fed official. Anthony Scaramucci was removed from his job as White House communications director. Fed Vice Chair Stanley Fischer said tha

JPYINR spot will trade in a range bound manner today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

After depreciating marginally by 0.09 percent yesterday, USDINR spot is expected to strengthen today tracking gains in the Asian market equities. Investors are expecting a 25 basis of rate cut by the RBI in tomorrow’s policy event as it’s the last chance for the co

GBPINR trading range for the day is 84.21-84.83 - Kedia

USDINR

* USDINR trading range for the day is 64.19-64.56.

* Rupee settled flat on selling by oil importers amid weakness in dollar and amid tracking fall in US Treasury yields.

* The RBI-Monetary Policy Committee is expected to cut interest rates by 25 basis points at its policy on Aug 2 as inflation fell to record lows in June.

The economy expanded 1.9% during the first half of 2017 - IIFL

FX  

US Dollar struggled around 2 & 1/2 year low, despite better than expected GDP numbers. US econamy during Q2 expanded by 2.6% (q/q), much better than the downwardly revised growth of 1.2% during the prior quarter. Higher conumer spending and business investments provided mimentum to the economy. However, wage growth comtinues to remain sub

GBPINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, the Indian Rupee appreciated by 0.42 percent owing to a number of factors. In the July’17 FOMC policy statement, the Feds did not look very committed to raising interest rates anytime soon given the weak inflation rate. They mentioned something about bal

JPYINR trading range for the day is 57.78-58. - Kedia Commodity

USDINR

* USDINR trading range for the day is 64.27-64.54.

* Rupee depreciated on likely foreign institutional investor fund outflows from local stocks amid likely selling by oil importers.

* RBI is expected to cut interest rates when it meets on Aug. 2, responding to an inflation rate running well below target.

* A signifi

Sell USDINR AUG Near 64.50 SL ABV 64.90 TGT 64.10-63.70 - Kedia Commodity

USDINR 

* Rupee extended gains in July month by 0.65% amid continued flow of foreign money in domestic financial markets amid expectations of lower bond yields and weakness in US dollar overseas. The Indian Rupee ended at 64.35 up 0.42 percent for the month.

* The price action formed a Bear candle with lower high-low for the week despite

US Dollar regained lost ground, influenced by better than expected durable goods orders - IIFL

FX  

US Dollar regained lost ground, influenced by better than expected durable goods orders. The reading rose 6.5%, the fifty consecutive month rise. however, core capital goods orders (proxy for business spending) declined 0.1%, the first decline since December 2016. Today, markets will look forward to US Q2GDP number, where expections are calli

Dollar bounced back after strong durable goods orders data - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.20 percent in yesterday’s trading session against basket of six major currencies on the back of strong economic data from US. Durable goods order rose more than expected in June 2017. However, sharp gain was prevented as US Federal Reserve kept its monetary policy unchanged and signaled that central

USDINR trading range for the day is 64.17-64.61 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.17-64.61.

* Rupee rose to over two-month high on likely foreign fund inflows after the Federal Reserve kept interest rates unchanged at its monetary policy.

* The Federal Reserve failed at hinting an interest rate increase and

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

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated by 0.32 percent as markets discounted the release of FOMC Monetary Policy Statement which was nothing but bland giving the markets a picture that Feds are not very committed to raising interest rates anytime soon. The policy setting commi

USDINR: Near Support level - Sharekhan

USDINR: Near Support level

USDINR is consolidating in a narrow range (63.92-65.02). Further consolidation is expected unless it takes out to the level of 65. If it breaches this level, it can retest the weekly averages. The weekly momentum indicator is in buy. The daily momentum indicator has completed a cycle and is yet to give a bullish crossover. T

Dollar plunges after FOMC statement - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.41 percent in yesterday’s trading session against basket of six major currencies as US Federal Reserve kept its monetary policy unchanged and said it would begin normalizing its $4.5 trillion balance sheet “relatively soon”. Further, series of disappointing data from US led to fears amon

USDINR spot is likely to trade positive - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated by 0.10 percent on account of weak US Dollar Index as markets remained cautious of FOMC policy statement that was scheduled to be released after the markets hours. According to the statement, the Federal Reserve feels inflation remains be

JPYINR trading range for the day is 57.74-58 - Kedia

USDINR

* USDINR trading range for the day is 64.55-64.76.

* Rupee appreciated snapping two-day loss on likely inflows into local stocks and amid caution ahead of Federal Open market committee(FOMC) policy meet.

* Indian government sought parliament's approval to spend an extra 106.5 billion rupees ($1.65 billion) in new spendin

Euro remain strong, influenced by stronger than expected German Ifo business- IIFL

FX

 

Euro remain strong, influenced by stronger than expected German Ifo business sentiment index reading for july. Meanwhile, US dollar continues to struggle, with investors keeping an eye on Fed meeting today and Q2 GDP reading later this week. Earlier, IMF has trimmed US growth forecasts to 2.1% for both 2017 and 2018, when compared with ea

JPYINR spot is expected to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee appreciated marginally by 0.02 percent as traders brace themselves for the release of July’17 FOMC Meeting Statement which will be scrutinized for any change in outlook and hints on when the Fed will start trimming its balance sheet. On the do

GBPINR trading range for the day is 84.13-84.5- Kedia

USDINR

* USDINR trading range for the day is 64.58-64.74.

* Rupee depreciated for second straight day on selling by oil importers amid intervention by the Reserve Bank of India in the spot market.

* Pressure also seen on reports that government may not adhere to the fiscal path recommended by the NK Singh Committee.

* Mer