Euro steadies ahead of European Central Bank policy meeting due today - GEPL

Euro steadies ahead of European Central Bank policy meeting due today

Market Commentary

* The euro held firm on Thursday ahead of a European Central Bank policy meeting. The euro edged up 0.1 percent to 1.1928, although it was still trading below last week's high of 1.2070, its highest level since January

GBPINR is expected to trade higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot traded on a flat note yesterday. Due to the heightened tensions in the Korean peninsula, the traders are refraining from making any risky investments which is restricting rupee’s price movement. Also, the recent disappointing releases of economic datasets alo

JPYINR trading range for the day is 58.73-59.51 - Kedia

USDINR

* USDINR trading range for the day is 64.14-64.47.

* Rupee hit a three-week low as tensions over North Korea’s latest nuclear test showed few signs of abating and continued to spook global investors.

* India's private sector activity deteriorated for the second straight month in August, as the Indian service sector

Yen advances to 4-1/2 month high against dollar - GEPL

Yen advances to 4-1/2 month high against dollar

Market Commentary

* The dollar edged down against the yen on Wednesday, getting closer to a recent 4-1/2 month low.

* The dollar fell 0.2 percent to 108.60 yen and touched a low near 108.50 yen in early Asian trade.

* The euro edged up 0.1 pe

USDINR spot is expected to weaken - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot depreciated by 0.10 percent in the yesterday’s trading session on account of heightened tensions in the Korean peninsula that has prompted the traders to play safe and move out of risky investments. Also, sustained buying of the US Dollar by importers and bank

EURINR trading range for the day is 76.23-76.75 - Kedia

USDINR

* USDINR trading range for the day is 64.16-64.37.

* Rupee dropped on selling by oil importers and on selling by traders on lack of fresh triggers.

* India's retail inflation figures for the month of August are expected to be released next week and remain in prime focus.

* Rate cut expectations have rise after d

Dollar remains broadly lower vs. rivals - GEPL

Dollar remains broadly lower vs. rivals

Market Commentary

* The dollar steadied on Tuesday after investors took in the latest headlines on tensions in the Korean Peninsula before turning their focus toward U.S. monetary and fiscal policies.

* The U.S. currency was flat at 109.780 yen. It slid to 109.

GBPINR is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

For the past few days, the Indian Rupee spot has been trading in a range-bound manner. Yesterday, it depreciated marginally by 0.02 percent. Reason behind this tight range could be attributed to the geopolitical risks that have prompted the traders to play safe and move out of

USDINR trading range for the day is 63.91-64.49 - Kedia Commodity

Currency Update 

USDINR

* USDINR trading range for the day is 63.91-64.49.

* Rupee depreciated against the dollar on selling by banks and weighed by geo-political tension in North Korea.

* India’s factory activity unexpectedly expanded in August, snapping back from a contraction

Sell NSE USDINR Sep between 64.50 - 64.60, SL - 64.90, Target – 64.00 / 63.90 - Angel Broking

NSE USDINR Sep (CMP – 64.1875)

NSE USDINR Sep as seen in the weekly chart above has opened the week with gap down at 64.1450 levels and at the starting of the week it made a weekly high of 64.2375 levels. Later on prices could not able to sustain on higher levels and corrected sharply and made a weekly low of 64.0375 levels. This week prices have

US dollar remained on the defensive - IIFL

FX

US dollar remained on the defensive, influenced by disappointment on US employmentreport.The economy added meagre 156,000 new jobs in August, while job creation numbers for July and june were downwardly revised. Unemployment rate for August inched higher to 4.4% from 4.3%, while growth in wages remained constant at 2.5% (yoy). Meanwhile, safe haven

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, USDINR spot traded mostly on a flat note on account of month end dollar demand from traders. Also, positive trading in the domestic market equities i.e. Sensex and Nifty in spite of disruption caused by the torrential rains supported the rupee sentiment. Today, USDIN

Greenback lost ground in the wake on weak inflation numbers - IIFl

FX

Greenback lost ground in the wake on weak inflation numbers, where core PCE price (Fed's preferred inflation gauge) rose a meagre 0.9% rise during Q2, the slowest pace in 2 years. This has reinforced perception that Fed will go slow in the process of policy normalisation, also manifested by falling sovereign bond yields. Meanwhile, Yen remained

USDINR spot is expected to strengthen - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot appreciated marginally by 0.09 percent on account of sustained selling of the American currency by exporters and banks. Also, positive trading in the domestic market equities i.e. Sensex and Nifty in spite of disruption caused by the torrential rains supp

US dollar is trading on a relatively strong note after a sharp decline during past few trading sessions - IIFL

FX

 US dollar is trading on a relatively strong note after a sharp decline during past few trading sessions. Positive US macro numbers and Washington's muted response to North Korean action triggered buying in the greenback at lower levels. On macroeconomic side, Q2 US GDP was upwardly revised to 3% (q/q) from prior  estimate of 2.6%, the

EURINR spot is expected to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Yesterday, USDINR spot appreciated by 0.04 percent on account of sustained selling of the American currency by exporters and banks. Also, positive trading in the domestic market equities i.e. Sensex and Nifty in spite of disruption caused by the torrential rains supported the r

JPYINR trading range for the day is 58.01-58.97 - Kedia

USDINR

* USDINR trading range for the day is 64.02-64.29.

* Rupee traded in range on likely inflows into local shares as risk sentiments improved on absence of further deterioration in geo-political situation.

* Geopolitical concerns moderated after Donald Trump said "all options are on the table" in response to North

USDINR spot is expected to appreciate towards 63.60 levels - Angel Broking

Currencies

The much awaited Jackson Hole Meet provided little fodder to the market followers. The central bankers mainly the ECB and the Federal Reserve Chair failed to touch topics relating to monetary policies. They spoke about global trade and its importance along with back-toback warnings against dismantling tough post-crisis financial rules that