GBPINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.33 percent yesterday owing to huge foreign inflows into equities and debt markets which kept the Indian Rupee stronger. Furthermore, fresh selling of dollar by exporters and banks added to the strength. Domestic markets i.e. Sensex and Ni

GBPINR trading range for the day is 82.32-83.01 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.07-64.66.

* Rupee surged to 20-month high on likely foreign institutional investors inflows into local stocks and buying by foreign banks on behalf of exporters.

* India's trade deficit widened to a four-month high of $10

Sell JPYINR around 58.00 Target 57.60 Stop loss 58.30 -Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures opened down and traded with bearish sentiments throughout the session. It witnessed some recovery from lower levels due to short covering, finally ended with losses. Momentum Indicator RSI for 14-day period is poised at 22.94 in oversold zone on Daily chart indicating some short covering. USD/INR could remain volatil

Sell GBPINR around 82.40Target 82.00 Stop loss 82.70 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures opened down and traded with bearish sentiments throughout the session. It witnessed some recovery from lower levels due to short covering, finally ended with losses. Momentum Indicator RSI for 14-day period is poised at 25.36 in oversold zone on Daily chart indicating some short covering. USD/INR could remain volatil

JPYINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot appreciated by 0.3 percent yesterday owing to increased selling of dollar by exporters and banks. Furthermore, markets rejoiced the outcome of the first round of French Presidential elections which saw the victory of Macron and Le Pen. This kept the domes

EURINR trading range for the day is 70.11-70.5 - Kedia

Currency Update

USDINR

* USDINR trading range for the day is 64.38-64.82.

* Rupee rose on persistent selling of the greenback by banks and exporters on the back of lower dollar overseas.

* Further buying by the Reserve Bank of India at around Rs 64.22-64.23 to shore up its FX reserve would

The Indian Rupee has opened strong this Tuesday - Reliance Sec

RECOMMENDATIONS

DOMESTIC MARKET RECAP

The Indian Rupee appreciated against the US Dollar in line with most Asian peers, as foreign banks likely sold the greenback for their clients amid improved risk appetite after a pro-European Union centrist won the first round of French Presidential polls.

The Ru

Yen to advance on safe heaven demand - Sharekhan

US Dollar Index (DX):

US Dollar depreciated by 0.89 percent in yesterday’s trading session against basket of six major currencies as Euro scaled up after centrist Emmanuel Macron and nationalist Marine Le pen won first round of French presidential election and Yen sank as the risk appetite in the global markets improved. However, sharp downside w

Sell USDINR around 64.80 Target 64.55 Stop loss 64.90 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures opened down and traded with bearish sentiments throughout the session. It failed to recover from lower levels, finally ended with losses. Momentum Indicator RSI for 14-day period is poised at 33.72 near oversold zone in 1 –hour chart indicating neutral trend. USD/INR could remain volatile & a breach of 64.6

USDINR trading range for the day is 64.34-64.66 - Kedia

Currency Update 

USDINR

* USDINR trading range for the day is 64.34-64.66.

* Rupee strengthened as investors breathed a sigh of relief after the market's favoured candidate, Emmanuel Macron, won the first round of the French presidential election.

* Rupee also gained on buying by

EURINR spot is likely to trade higher in today’s trading session - Angel Broking

GLOBAL UPDATES

Asian markets are trading in green on French election relief. The market favorite Emmanuel Macron won the first round of voting alongside far-right leader Marine Le Pen. Both will now contest for the second time on May 7th 2017. Minneapolis Federal Reserve Bank President Neel Kashkari stated he does not believe that infrastructure spendi

EURINR spot is expected to trade sideways - Angel Broking

Rupee
* Last week, USDINR spot depreciated by 0.26 percent owing to risk aversion in the markets that prompted the traders to play safe which dented the demand for the rupee.
* Moreover, weak economic datasets from the nation like inflation, industrial/manufacturing production and balance of trade data added to the woes.
* In the recent RBI

Buy EURINR around 70.30 Target 70.70 Stop loss 70.10 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures opened firm but failed to sustain at higher levels and traded with bearish sentiments throughout the session. However, it witnessed some recovery from lower levels mainly due to short covering, finally closed with losses. Momentum Indicator RSI for 14-day period is poised at 50.20 in the oversold zone in 1 –hou

USDINR trading range for the day is 64.51-64.78 - Kedia

Currency Update

USDINR

* USDINR trading range for the day is 64.51-64.78.

* Rupee falls on selling by nationalised banks likely on behalf of oil importers.

*  RBI policy minutes highlighted upward risks to inflation with one member even proposing a pre-emptive rate hike.

* &

Yen to advance on safe heaven demand - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.04 percent in yesterday’s trading session against basket of six major currencies but remained under pressure on the back of disappointing economic data from US. Data showed that the number of people filing for jobless claims increased by 10000 to 244,000. Further, rising geopolitical tension and wo

USD/INR futures could remain range bound intraday - Reliance Sec

DOMESTIC MARKET RECAP

The Indian Rupee trimmed intraday losses to end little changed against the Dollar, as strong local shares and exporters’ dollar sales helped the currency tide over global uncertainty ahead of the French presidential polls this weekend. The Rupee ended at 64.56 against 64.58 at close on Wednesday.

The currency fell

JPYINR spot is likely to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot traded in a range bound manner in the overall trading session. It however ended higher by a mere 0.05 percent. Investors waited for the release of RBI policy meeting minutes later in the day. In the minutes, the committee maintained hawkish stance and warn

EURINR trading range for the day is 69.13-69.86 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.49-64.82.

*Rupee traded in range as sentiment turns negative as caution ahead of French presidential elections kept investors on the sidelines.

*The Reserve Bank of India is expected to keep interest rates steady well into next year after it shifted to a neutral monetary policy stance

Buy GBPINR around 82.70 Target 83.10 Stop loss 82.40 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing slightly positive opening, USD/INR futures traded with sideways sentiments throughout the session. It failed to sustain at higher levels due to continue selling pressure and finally closed with losses. Momentum Indicator RSI for 14-day period is poised at 29.57 in the oversold zone indicating some support at lower l

Sell USDINR @ 64.90 Stoploss 65.70 Target 63.90-63.20 - Kedia

* Rupee gained to trade at 64.60 amid continuation of foreign fund inflow and fall in international commodity price, specially gold and crude.

* Rupee remained relatively resilient due to country’s solid economic recovery after demonetisation and reasonably prudent and neutral monetary policy that is leaning hawkish rather than dovish.

* Retail inflation is likely to s

Rupee to decline on weak market sentiments - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.24 percent in yesterday’s trading session against basket of six major currencies as the Federal Reserve’s Beige Book report showed the U.S. economy continued to expand steadily. Further, commodity dependent currencies fell after decline in crude oil prices. However, sharp gain was prevented

The Euro fell against the US Dollar on Wednesday - Reliance Sec

DOMESTIC MARKET RECAP

The Indian Rupee appreciated against the US Dollar on Wednesday as foreign banks sold the greenback. Overnight weakness in the greenback following softerthan- expected U.S. economic data also aided the rupee.

The Rupee settled at 64.58 against 64.63 at previous close. Most other Asian currencies fell against the greenbac

GBPINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

The Indian Rupee spot depreciated by 0.08 percent yesterday after the IMD i.e. India Meteorological Department predicted that rainfall would be 96 percent of long-period average with a 38 percent probability of a near-normal season this year. Furthermore, the ongoing global te

Sell JPYINR around 59.70 Target 59.30 Stop loss 59.90 - Tradebulls Sec

USD/INR FUTURE VIEW

After witnessing negative opening, USD/INR futures traded in a narrow range throughout the session. However, It witnessed some recovery from lower levels due to short covering. Momentum Indicator RSI for 14- day period is poised at 26.52 in the oversold zone indicating some support at lower levels due to short covering. USD/INR coul