EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to depreciate as US Dollar Index rallies after the US Federal Reserve sets date for balance sheet reduction in yesterday’s FOMC policy meeting. Adding to the hawkishness, the Fed committee sees four more hikes through 2018. Therefore the next few m

USDINR trading range for the day is 64.19-64.58 - Kedia

USDINR

* USDINR trading range for the day is 64.19-64.58.

* Rupee recovered from day’s low as investors remain focused on the Federal Open Market Committee monetary policy meeting outcome.

* The Indian government is discussing steps to revive the economy, Finance Minister Arun Jaitley said.

* India's current acc

Buy NSE USDINR Sept between 63.90 – 64.00, SL – 63.70, Target – 64.50 / 64.60 - Angel Broking

NSE USDINR Sept (CMP – 63.9025)

NSE USDINR Sep as seen in the weekly chart above has opened the week with gap up at 63.97 levels and at the starting of the week it made a weekly low of 63.95 levels. Later on prices could not able to sustain on lower levels and bounce back and rallied sharply from lower levels and made a weekly high of 64.2450 lev

Buy USDINR Spot @ 64.22 & Upto 64.15 SL 63.75 TGT 65.20 - Choice Broking

* USDINR, after peaking in 2016 near to 69 level, has fallen to 63.55, the fall looks to be impulsive in nature. The fall can be attributed to weakness in the dollar index and strength in global and domestic equity markets.

* USDINR has formed short-term base near 63.55 level which is a 50% Fibonacci retracement of the rise from 2014 lows of 58.22 to 2016 peak of 68.88.

* Th

Euro firmed in light of better than expected German business sentiment index - IIFL

FX

 US dollar remained on the defensive against major currencies ahead of FOMC policy statement, with investors keen to know the prospects of further rate hikes this year. It will be also interesting to know how convincingly fed communicates regarding tapering of balance sheet. Meanwhile, Euro firmed in light of better than expected German busines

JPYINR is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot is expected to appreciate today tracking gains in the Asian markets currencies. Also, markets are expected to indulge into speculation prior to the release of FOMC policy statement post the market hours. There is no expectation of rate hike however markets expect so

GBPINR trading range for the day is 86.34-87.36 - Kedia

USDINR

*  USDINR trading range for the day is 64.11-64.55.

* Rupee plunged to near two month lows on outflows related to foreign investors and on caution before the Fed’s monetary policy meeting outcome.

* India’s trade deficit widened to $11.64 billion in August from a month ago, government data showed.

EURINR spot is expected to fall towards 75.90 levels - Angel Broking

Currencies

This week the spotlight will be on the FOMC Policy Meet (19-20 Sep’17) with markets widely expecting the Fed to hold rates steady and announce they will start shrinking their balance sheet in Oct’17. Yellen's press conference will be scrutinised for any comments on the lack of inflation despite a steadily improving job secto

There are no indications from ECB regarding a rate move - IIFL

FX

 BOE's hawkish tone has changed the dynamics of GEP/Euro trade, where markets are now paring expectations of the pair hitting a parity. Although BOE governer mentioned that the rate hikes will be gradual and limited, some Banks (HSBC&Barclays) are projecting UK interest rates to hike as early as November. On other side of the channel,

Dollar near 8-week high against Yen as US yields accelerate - GEPL

Dollar near 8-week high against Yen as US yields accelerate

Market Commentary

* The dollar hovered near an eight-week high against the yen on Tuesday, supported as U.S. Treasury yields continued their sharp rebound from 10-month lows.

* The dollar stood little changed at 111.455 after climbing to 11

EURINR will likely trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Indian Rupee is likely to trade sideways today ahead of the crucial FOMC statement release due tonight. The domestic currency slipped to one-month low of 64.15 on Monday as investors turned wary ahead of Federal Reserve meeting. Last week as well, the Indian Rupee spot depreci

JPYINR trading range for the day is 57.44-58.06 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.01-64.3.

* Rupee traded in range on likely foreign institutional investor funds inflow into local stocks and on caution ahead of US Federal Reserve's monetary policy meeting.

* Wholesale price inflation quickened to 3.2 pe

Sterling is ruling the roost, with values at the highest level - IIFL

FX

Sterling is ruling the roost, with values at the highest level against greenback since June last year. Meanwhile, Euro is also holding ground, as clamour for trimming bond purchases from various ECB officials is getting louder given the steady flow of macroeconomic numbers. In Asia, Yen has pared gains against US dollar as flare up in North Korean t

ECB policymakers hint at tapering of bond purchases in the near future - IIFL

CURRENCY

 Sterling spikes to 1yr high against US$, as BOE shows readiness to hike interest rates in next few monyhs, With prices pressure soaring well above target rate amid subdued wage growth, tolerance level for high inflation seems waning.Meanwhile, many ECB policymakers hint at tapering of bond purchases in the near future given improving gro

Yen to be under pressure on Japan snap election reports - GEPL

Yen to be under pressure on Japan snap election reports

Market Commentary

* The dollar held firm near a seven-week high versus the yen on Monday, supported by recent rises in U.S. Treasury yields, while sterling stood tall, buoyed by growing expectations the Bank of England could raise interest rates soon.

JPYINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, the Indian Rupee spot depreciated by 0.51 percent tracking losses from the Asian market currencies on the back of tensions in the Korean Peninsula. Also, persistent demand for US Dollar by importers and banks along with disappointing release of inflation data from th

GBPINR trading range for the day is 85.41-88.21 - Kedia

USDINR

* USDINR trading range for the day is 64.06-64.29.

* Rupee traded in range on selling by foreign banks likely for remittances and IPO related inflows.

* The greenback remained subdued against its major peers as investors analysed the US inflation data amid simmering tensions between US and North Korea.

* India's

It seems tolerance level of BOE for high inflation is on the wane - IIFL

FX

 Sterling spiked to one year high against greenback, driven by BOE policy statement, where the central bank indicated that it is ready to hike interest rates in nextfew months if inflation persistently remains high. With prices pressure soaring well above target rate of 2% amid subdued wage growth, it seems tolerance level of BOE for high infla

GBPINR is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot depreciated by 0.19 percent on account of sustained buying of US dollar by importers and banks amid lower DXY in overseas markets. Also, recent fall in the currency has prompted the traders to place fresh bets which weakened the Indian Rupee. Today, USDI

Dollar gives muted move on less attractive Inflation numbers - GEPL

Dollar gives muted move on less attractive Inflation numbers

Market Commentary

* The dollar lost ground against a basket of major currencies on Thursday even though data that showed a faster-than-forecast increase in domestic consumer prices boosted generally depressed expectations for another U.S. rate hike