Dollar up after US Federal Reserve monetary policy meeting minutes - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.07 percent in yesterday’s trading session against basket of six major currencies as US Federal Reserve monetary policy meeting minutes showed that policymakers continued to view gradual interest rate hike as appropriate. However, sharp gain was prevented on disappointing data from US and as minutes

GBPINR trading range for the day is 83.75-84.46 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.79-65.17.

* Rupee gained on buying by foreign banks including Deutsche Bank on behalf of exporters and higher US Treasury Yields.

* The RBI raised the investment limits by foreign investors in government bonds by 110 billion r

Pound plunges on disappointing economic data - Sharekhan

US Dollar Index (DX):

US Dollar ended flat in yesterday’s trading session against basket of six major currencies on account of Independence Day holiday in the U.S. In Intraday Dollar Index touched a high of 96.333 and closed at 96.218 against Dollar.

 

Outlook:

Dollar is expect

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot strengthened by 0.1 percent on account of fresh dollar selling by exporters and banks amid lower dollar in the overseas market. Moreover, the new adopted tax regime in India i.e. the GST bill has revived positive sentiments on hopes that it sha

GBPINR spot (CMP - 84.10) is expected to trade higher - Angel Broking

Rupee

In the last week, the Indian Rupee appreciated by 0.21 percent due to the following reasons:

* Fall in the US Dollar Index by more than 1 percent in the last week after the announcement of delay in health care vote.

* Asian currencies traded higher after the world’s major central bankers signalled at the possibility of

USDINR spot is likely to depreciate - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, the Indian Rupee spot depreciated by 0.4 percent on account of renewed strength in the DX post robust manufacturing numbers from the US. Latest ISM report showed economic activity in the manufacturing sector expanded in June, and the overall economy grew for the 97

EURINR trading range for the day is 73.83-74.35 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.71-65.32.

* Rupee dropped as pressure seen after RBI surprise markets by announcing it will sell government securities worth Rs 100 billion this week.

* India's manufacturing activity expanded at the weakest pace in four

Dollar recovered after upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar increased by 0.62 percent in yesterday’s trading session against basket of six major currencies on the back of upbeat manufacturing data from US. Manufacturing data showed that the activity in the sector improved. Further, rise in US bond yields supported Dollar. In Intraday Dollar Index touched a high of 96.239 an

Sterling has also remained resilient - IIFL

FX

US dollar  witenessed the worst quarterly performance (Q2’ 17) in seven Years, while Euro has strengthened  considerable of late given the flow of Stable macroeconomic numbers and indications that ECB  might taper the bond purchases later this year. Sterling has also remained resilient after BOE indicated that it will hike interest rates later

Dollar recovered after upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar slightly recovered on Friday’s trading session against basket of six major currencies on the back of upbeat economic data from US. US Chicago PMI rose to 65.7 in June compared to 59.4 in May. US Revised UoM Consumer Sentiment index improved to 95.1 in June compared to initial estimate of 94.5. However, a sharp gai

USDINR trading range for the day is 64.63-65.15 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.63-65.15.

* Rupee settled flat tracking outflows from local stocks, buying by foreign banks amid dollar demand by oil importers.

* The RBI estimated that CPI Inflation could be higher by 100-150 basis points and persist for 6

Sell NSE USDINR July between 65.00 - 65.10, SL - 65.40, Target - 64.50/64.30 - Angel Broking

NSE USDINR July (CMP – 64.80)

NSE USDINR July as seen in the weekly chart above has opened the week with gap down at 64.70 levels and starting of the week it made a weekly low of 64.67 levels. Later on prices could not able to sustain on lower levels and rallied sharply and made a weekly high of 65.0500 levels. On the last trading session of the

JPYINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, the Indian Rupee spot appreciated by 0.21 percent on account of weakness in the US Dollar Index after the announcement of delay in health care vote. Furthermore, persistent selling of the dollar by exporters and banks added to the rupee’s strength. However, sh

US dollar is in doldrums, as legislative backdrop - IIFL

FX

US dollar is in doldrums, as legislative backdrop is getting more uncertain given the difficulty in passing new healthcare bills through US Senate. The million dollar question remains that when will Trump Administrations start working on other important legislative agenda (much awaited by the markets) like tax reforms and infrastructure spending. On

GBPINR spot is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, the Indian Rupee spot depreciated marginally by 0.24 percent on account of sustained buying of the US Dollar by importers and banks. Domestic markets i.e. Sensex and Nifty traded lower as worries with respect to GST bill weigh on invest

JPYINR trading range for the day is 57.47-57.87 - Kedia Commodity Ltd

Currency Update

USDINR

* USDINR trading range for the day is 64.6-65.

* Rupee traded in range as dollar lost grounds against other major peers after weaker than expected US economic data.

* Investors are expecting a rate cut by the Reserve Bank of India at its policy in August after recor

Dollar set for biggest weekly drop in six weeks amid sterling surge - GEPL

Dollar set for biggest weekly drop in six weeks amid sterling surge

Market Commentary

* The dollar wallowed close to one-year lows against the euro and slipped against sterling in Asian trading on Thursday, as investors priced in tighter monetary policy in Europe.

* The dollar index was steady on th

Dollar plunges on weak economic data - Sharekhan

US Dollar Index (DX):

US Dollar decreased by 0.40 percent in yesterday’s trading session against basket of six major currencies on the back of disappointing economic data from US. US Pending home sales declined by 0.8 percent in May. Further, US senate Republicans delayed vote on Trumps administration healthcare bill. In Intraday Dollar Index to

Euro and German 10yr yields pushing higher - IIFL

FX

US dollar is languishing , influenced by murkier domestic legislative backdrop and early signals that central banks on the other side of the Atlantic may gradually depart from their asset purchase programme.  There is a perception that BOE and ECB slowly but surely will open the door to hawks, in pursuit of how Fed tapered its quantitative easi

GBPINR trading range for the day is 82.85-83.48 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.69-64.96.

* Rupee weakened on selling by foreign banks including Standard Chartered and Axis and month-end dollar demand from importers.

* Investors now await the release of US GDP second estimate for the first quarter due on

EURINR spot is likely to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

In the yesterday’s trading session, the Indian Rupee spot depreciated marginally by 0.05 percent on account of limited demand for the US Dollar by importers and banks. Domestic markets i.e. Sensex and Nifty traded lower as worries with respect to GST bill weigh on investo

Euro zone inflation were transient in nature - IIFL

FX

Euro soared to one year high of 113.5, as ECB Chief Mario Draghi stated that factors restricting growth in Euro zone inflation were transient in nature. He expressed optimism about growth prospects, however, reiterated the need for stimulus. In emerging market space, Brazilian Real weakened after the federal prosecutor charged President Michel Temer