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

GBPINR trading range for the day is 83.86-86.21 - Kedia

USDINR

* USDINR trading range for the day is 64.07-64.31.

* Rupee fell to one-week low against dollar on selling by public sector banks on behalf of oil importers.

* India’s wholesale price inflation rose to 3.24 percent from a year ago, its fastest pace in four months, driven by higher prices of food and fuel products, data

Sell USDINR @ 64.20 SL ABV 64.70 TGT 63.85-63.45 - 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 area has been resolved peacef

US dollar extended recovery against Yen - IIFL

FX

US dollar extended recovery against Yen, while Sterling and Euro has also retreated from recent highs. Markets look forward to BOE policy meeting, facing a predicament og high inflation and subdued wage growth. Despite unemployment rate falling to four decade low of 4.3%, wage growth remains stagnant around 2.1%, well below the inflation of ar

Dollar plunges high, shrugs off weak inflation numbers - GEPL

Dollar plunges high, shrugs off weak inflation numbers

Market Commentary

* The dollar held steady near a four-week high against the yen on Thursday, with traders looking to U.S. consumer inflation data later in the day for clues on the possible timing of the Federal Reserve's next rate rise.

* T

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot appreciated marginally by 0.04 percent tracking gains from the Asian market currencies on the back of fading Korean and Harvey tensions. Also the robust release of industrial and manufacturing production data from the nation infused optimism in the marke

JPYINR trading range for the day is 58.17-58.45 - Kedia

USDINR

* USDINR trading range for the day is 64.02-64.16.

* Rupee snapped two-day losses as higher than expected August retail inflation figures dashed hopes of a near term rate cut by the Reserve Bank of India.

* India's retail inflation rebounded to five months high in August on the back of rise in food prices, dampening the

Bank of England to kick the can down the road on monetary policy action - IIFL

FX

 Sterling witnessed a spectacular rally, as sharp rise in inflation has reinforced the perception that it will be difficult for Bank of England to kick the can down the road on monetary policy action. Although the central bank is not expected to deliver a rate hike at the policy meeting tomorrow, persistent price pressure will eventually compel

GBPINR is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot depreciated by 0.15 percent on account of strong US Dollar Index as worries over North Korea and Hurricane Irma receded. Also, markets remained cautious ahead of the important economic data sets from the nation that was supposed to be released after the m

JPYINR trading range for the day is 58.16-59.06 - Kedia

USDINR

* USDINR trading range for the day is 64.01-64.23.

* Rupee depreciated as dollar gained on higher risk sentiments after Hurricane Irma weakened and as investors remain cautious ahead of India's August retail inflation data.

* Indian banks will need additional capital of $65 billion to meet all of global Basel III banking

EURINR spot is expected to lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot depreciated by 0.24 percent on account of strong US Dollar Index after the UN imposed a fresh round of sanctions on North Korea after its sixth and largest nuclear test. The measures restrict oil imports and ban textile exports in turn starving the North

Sell NSE USDINR Sept between 64.20 - 64.30, SL - 64.60, Target - 63.70 / 63.60 - Angel Broking

NSE USDINR Sept (CMP – 63.9025)

NSE USDINR Sep as seen in the weekly chart above has opened the week with gap down at 64.0775 levels and at the starting of the week it made a weekly high of 64.4075 levels. Later on as expected prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 63.8950 levels. This wee

GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the last week, USDINR spot appreciated by 0.37 percent on account of weakness seen in the US Dollar Index after the Harvey and Irma storm disrupts America. In response to Unites States strict imposition of sanctions, North Korea has warned the United States that the US would

Buy JPYINR Sept Futs @ 59.40 & Upto 59.20 SL 57.95 TGT 62.50 - Choice Broking

On a monthly chart, the Pair has formed a Back to Back Bullish Hammer candlestick before giving a breakout of its consolidation phase which suggests bullish reversal movement that can be expected as per the nature of the candlestick.

Besides, in recent weeks, the pair had given a healthy correction, however, it has paused its further downside move at 57.15-57.20 level, a level which a

Dollar nose-dived to 32-month low after lousy data - GEPL

Dollar nose-dived to 32-month low after lousy data

Market Commentary

* The euro hovered below a 2-1/2-year high versus the dollar on Friday, as a policy meeting by the European Central Bank did little to support the beleaguered U.S. currency.

* The euro was up 0.05 percent at 1.2027. The common curre

EURINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot traded in a range-bound manner with a slight appreciation towards the end on account of US dollar weakness. Apparently, Fed Vice Chair Fischer announced of his resignation that was 10 months early. The Fed Chair Janet Yellen and Fischer are viewed as being close an

GBPINR trading range for the day is 83.38-84.39 - Kedia

USDINR

* USDINR trading range for the day is 64.03-64.27.

* Rupee gained amid weakness in the dollar amid fears of Federal Reserve tightening again this year after policymakers showed inflation concerns.

* India's foreign exchange reserves climbed to record $394 billion, data released by the Reserve Bank showed.