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Global Liquidity Tracker: Historic high US inflow as money aggressively moving into Dollar Assets; GEM redemptions at 3-year high by Elara Securities India

Source: Elara Securities India
2024-12-20 05:28:11 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded with strength at 85.02 for the day, gaining 0.12rs as it bounced back from oversold levels near 85.10. Despite this recovery, the dollar index's sustained strength continues to exert pressure on the rupee, contributing to its weakness for the fourth consecutive week. While today's gains provided some relief, the broader trend remains bearish. T...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-20 04:57:09 pm

Sell GBPINR Dec @ 107.75 SL 108.05 TGT 107.4-107.1 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.7-86. Rupee weakened, hitting an all-time low as the Federal Reserve's scaling back of its rate cut projections for 2025 battered Asian currencies. The Reserve Bank of India's (RBI) likely dollar-selling intervention helped the rupee fare better than most of its Asian peers Indian economy to grow 6.6 pc in FY26: Ind-Ra BUY USDINR DEC @ 85.15 SL 85.05 TGT 85.25-85.35. EURINR Observations ...

Sell GBPINR Dec @ 107.75 SL 108.05 TGT 107.4-107.1 - Kedia Advisory

Source: Kedia Advisory
2024-12-20 11:24:00 am

Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services

Below the Perspective by Ms. Riya Singh – Research Analyst, Commodities and Currency , Emkay Global India’s Trade Deficit and Rupee Challenges * India is facing mounting economic pressures as its trade deficit soared to a record high of $37.8 billion in November, up sharply from $27.1 billion in October. This significant gap, driven by record gold imports and a sharp decline in exports, has brought renewed focus on the Indian rupee and the Reserve Bank of Indi...

Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services

Source: Emkay Global Financial Services Ltd
2024-12-19 05:58:25 pm

Below the Perspective on Gold and Currency price reaction by Mr Nish Bhatt, Founder & CEO, Millwood Kane International The US Fed cut rates by 25 bps per the street expectation. What the market was not expecting was the hawkish Fed commentary. The Fed has now indicated only 2 rate cuts instead of 3-4 earlier. The US Fed also hiked its inflation expectations from 2.5% to 2.1% earlier. The Fed may take over 1-2 years to get inflation under check. This development led to a fall ...

Perspective on Gold and Currency price reaction by Mr Nish Bhatt, Founder & CEO, Millwood Kane International

Source: Millwood Kane International
2024-12-19 01:00:45 pm

Sell JPYINR Dec @ 56.35 SL 56.55 TGT 56.15-55.95 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.45-86.09. Rupee weakened pressured by continuous evidence of capital outflows and expectations of an incoming rate cut by the RBI. Domestic inflation fell to 5.5% in November, as expected, to return within the central-bank’s tolerance range. India's wholesale price inflation eased to 1.9% in November, down from 2.4% in October BUY USDINR DEC @ 84.95 SL 84.85 TGT 85.05-85.15. EURINR Obser...

Sell JPYINR Dec @ 56.35 SL 56.55 TGT 56.15-55.95 - Kedia Advisory

Source: Kedia Advisory
2024-12-19 10:41:14 am

Buy GBPINR Dec @ 107.8 SL 107.5 TGT 108.1-108.3 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.93-85.09. Rupee weakened to its lifetime low hurt by concerns about a widening trade deficit and likely outflows from local equities India's merchandise trade deficit rose to a record high of $37.84 billion, led by a surge in gold imports. Foreign banks were spotted bidding for dollars, while the Reserve Bank of India likely intervened via state-run banks BUY USDINR DEC @ 84.95 SL 84.85 TGT 85.05-85.15. &n...

Buy GBPINR Dec @ 107.8 SL 107.5 TGT 108.1-108.3 - Kedia Advisory

Source: Kedia Advisory
2024-12-18 10:40:13 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat near 84.90 as markets remain focused on the FED's final policy decision of the year scheduled for December 18, 2024. While a 0.25bps rate cut has already been factored in, forward commentary and projections will be key. A dovish tone could push the dollar index lower, providing relief for the rupee. However, any uncertain or hawkish rema...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-17 05:55:03 pm

Sell JPYINR Dec @ 56.15 SL 56.35 TGT 55.85-55.65 - Kedia advisory

USDINR Observations USDINR trading range for the day is 84.8-85.16. Rupee declined hurt by a rise in U.S. bond yields and data India's merchandise trade deficit widened to a record high India Manufacturing PMI rose to 57.4 in December 2024, accelerating from 56.5 in November. India Services PMI rose to 60.8 in December 2024, from 58.4 in the previous month. BUY USDINR DEC @ 84.95 SL 84.85 TGT 85.05-85.15. EURINR Observations EURINR trading range fo...

Sell JPYINR Dec @ 56.15 SL 56.35 TGT 55.85-55.65 - Kedia advisory

Source: Kedia advisory
2024-12-17 11:06:33 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded weaker by 0.07rs, closing at 84.87, as the dollar strengthened, holding above the 106.50$ mark. Market participants observed heightened volatility with the week packed with significant global economic events, including the FED's policy announcement, the PCE price index, and monetary policy decisions from the ECB and China. The rupee's trading r...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-16 05:09:48 pm

Buy USDINR Dec @ 84.85 SL 84.75 TGT 84.95-85.05 - Kedia advisory

USDINR Observations USDINR trading range for the day is 84.79-85.03. Rupee logged it’s the sixth consecutive weekly decline on account of heightened dollar demand in the non-deliverable forwards market. India’s economic growth forecast for the financial year 2024-25 has been revised downward by Fitch Ratings. India's retail inflation eased to 5.48% in November, down from 6.21% in October. BUY USDINR DEC @ 84.85 SL 84.75 TGT 84.95-85.05. EURIN...

Buy USDINR Dec @ 84.85 SL 84.75 TGT 84.95-85.05 - Kedia advisory

Source: Kedia advisory
2024-12-16 10:39:00 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded positively, gaining 0.10rs to close at 84.78, supported by strong secondary market performance and expectations of positive fund flows. Additionally, India's improved CPI numbers for November at 5.48% compared to the previous 6.21% bolstered the rupee, indicating easing inflationary pressures. The trading range for the rupee remains between 84.65 a...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-13 05:59:31 pm

SELL JPYINR DEC @ 56.6 SL 56.8 TGT 56.4-56.2. - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.91-85.01. Rupee fell to an all-time low pressured by a lingering depreciation bias and heightened demand for the U.S. dollar. The annual inflation rate in India eased to 5.48% in November of 2024 from 6.21% in the previous month Dollar-rupee forward premiums rose in reaction to the heightened odds of a Fed rate cut. BUY USDINR DEC @ 84.9 SL 84.8 TGT 85-85.1 EURINR Observations EURINR trading ra...

SELL JPYINR DEC @ 56.6 SL 56.8 TGT 56.4-56.2. - Kedia Advisory

Source: Kedia Advisory
2024-12-13 10:55:03 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat near 84.86, continuing to hover in a weak range of 84.75-84.95. The recent US CPI data came in line with expectations, signaling potential continuity in the Federal Reserve's rate-cut trajectory. However, the dollar held its ground near the key 106$ level, keeping pressure on the rupee. Additionally, FII selling resumed after a brief phase of ...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-12 05:07:28 pm

Sell GBPINR Dec @ 108.6 SL 108.9 TGT 108.3-108. - Kedia advisory

USDINR Observations USDINR trading range for the day is 84.89-85.01. Rupee settled flat amid central bank intervention and market uncertainty Dollar-selling intervention by the RBI, via state-run banks, helped the rupee avert deeper losses. Dollar-rupee forward premiums rose, with the 1-year implied yield rising 11 basis points to 2.17%. BUY USDINR DEC @ 84.9 SL 84.8 TGT 85-85.1. EURINR Observations EURINR trading range for the day is 88.79-89.79. E...

Sell GBPINR Dec @ 108.6 SL 108.9 TGT 108.3-108. - Kedia advisory

Source: Kedia Advisory
2024-12-12 10:55:44 am

USDINR Observations USDINR trading range for the day is 84.82-85.04. Rupee weakened to its all-time low as traders reacted to the appointment of Sanjay Malhotra as the next RBI governor. The Indian central bank revised its real GDP growth forecast for the current fiscal year, lowering it from 7.2% to 6.6%. Dollar sales by state-run banks, most likely on behalf of the RBI, helped limit the rupee's losses BUY USDINR DEC @ 84.9 SL 84.8 TGT 85-85.1. EURINR ...

Sell GBPINR Dec @ 108.6 SL 108.9 TGT 108.3-108 - Kedia Advisory

Source: Kedia Advisory
2024-12-11 10:21:13 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee weakened further, slipping below 84.85, down by more than 0.12rs, as sustained FII selling and escalating geopolitical tensions continued to weigh on sentiment. The end of Shaktikanta Das's term as RBI Governor and the appointment of Sanjay Malhotra introduces unfolded packages into India's financial landscape. Market participants remain cautious as t...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-12-10 04:54:14 pm

Sell JPYINR Dec @ 57.2 SL 57.4 TGT 57-56.8. - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.76-84.88. Rupee weakened amid renewed US Dollar demand from importers and local oil companies, and concerns over slowing domestic growth. The MPC believes that only with durable price stability can strong foundations be secured for high growth - RBI Governor. India's forex reserves increased by $1.51 billion to $658.091 billion for the week ended November 29 BUY USDINR DEC @ 84.8 SL 84.7 TGT 84.9-85. ...

Sell JPYINR Dec @ 57.2 SL 57.4 TGT 57-56.8. - Kedia Advisory

Source: Kedia Advisory
2024-12-10 10:51:34 am

Sell GBPINR Dec @ 108.25 SL 108.45 TGT 108-107.75 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.49-84.95. Rupee strengthened after the Indian central bank kept policy rates unchanged but cut banks' cash reserve ratio. The central bank kept the key repo rate unchanged at 6.5% as expected but lowered the cash reserve ratio by 50% to 4%. The Indian GDP expanded 5.4% in Q3, the slowest growth since Q4 2022, while inflation is on the rise. SELL USDINR DEC @ 84.85 SL 84.95 TGT 84.75-84.65. EURINR...

Sell GBPINR Dec @ 108.25 SL 108.45 TGT 108-107.75 - Kedia Advisory

Source: Kedia Advisory
2024-12-09 10:33:47 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded slightly positive at 84.67, gaining 0.03rs, after the RBI kept the repo rate unchanged but reduced the CRR, indirectly boosting liquidity and benefiting the banking and financial sectors. While global challenges continue to pressure the rupee, RBI Governor Shaktikanta Das noted that India remains better positioned than its peers. Lower inflation projec...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP securities Ltd
2024-12-06 05:17:56 pm

Sell USDINR DEC @ 84.9 SL 85 TGT 84.8-84.7. - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.76-84.9. Rupee ended little changed with market players speculating whether the central bank will initiate an interest rate easing cycle. Moody's revises global banking outlook to 'stable' from 'negative' Slowdown in India's growth in the July-September quarter SELL USDINR DEC @ 84.9 SL 85 TGT 84.8-84.7. EURINR Observations EURINR trading range for the day is 89.14-89.66...

Sell USDINR DEC @ 84.9 SL 85 TGT 84.8-84.7. - Kedia Advisory

Source: Kedia Advisory
2024-12-06 11:21:08 am

Sell JPYINR DEC @ 57 SL 57.2 TGT 56.8-56.6. - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.72-84.96. Rupee logged its weakest closing level hurt by a lingering deprecation bias and broad-based dollar bids The RBI was likely conducting dollar-rupee buy/sell swaps in the mid-to-far tenors, which weighed down forward premiums. The 1-year dollar-rupee implied yield fell to a four-month low of 1.95%, having declined nearly 30 basis points over three sessions. SELL USDINR DEC @ 84.9 SL 85 TGT 84.8-84.7. &...

Sell JPYINR DEC @ 57 SL 57.2 TGT 56.8-56.6. - Kedia Advisory

Source: Kedia Advisory
2024-12-05 10:57:59 am

Sell GBPINR Dec @ 107.7 SL 108 TGT 107.4-107.2. - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.67-84.97. Rupee recovered slightly from its record low as dollar demand ebbed towards the close of the session Dollar-rupee forward premiums slumped on the back of the central bank's swaps with the 1-year implied yield dropping below 2% India's September quarter GDP growth fell to a multi-quarter low, which likely means that the RBI could lower policy rates sooner than expected SELL USDINR DEC @ 84.85 SL 84.9...

Sell GBPINR Dec @ 107.7 SL 108 TGT 107.4-107.2. - Kedia Advisory

Source: Kedia Advisory
2024-12-04 10:18:18 am

Sell JPYINR Dec @ 56.9 SL 57.1 TGT 56.7-56.5. - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.65-84.95. Rupee declined to its weakest level hurt by concerns about economic growth slowing to its lowest in seven quarters Growth seen at 6.1-6.8% for FY25 on 7-quarter Q2 low The HSBC India Manufacturing PMI fell to 56.5 in November 2024, revised down from the initial estimate of 57.3 SELL USDINR DEC @ 84.9 SL 85.05 TGT 84.75-84.65. EURINR Observations EURINR trading range for the day is 89....

Sell JPYINR Dec @ 56.9 SL 57.1 TGT 56.7-56.5. - Kedia Advisory

Source: Kedia Advisory
2024-12-03 09:51:20 am

Sell USDINR Dec @ 84.7 SL 84.8 TGT 84.6-84.5 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.55-84.77. Rupee ended November with its worst monthly performance in eight, as Donald Trump's victory in the U.S. election boosted the dollar. India's GDP expanded by 5.4% in September 2024, a slowdown from 6.7% in the previous period. Foreign investors net sold more than $1.7 billion of local stocks and bonds in November, adding to the $11.5 billion outflow of the previous month. SELL USDINR DEC @ 84.7 SL 84...

Sell USDINR Dec @ 84.7 SL 84.8 TGT 84.6-84.5 - Kedia Advisory

Source: Kedia Advisory
2024-12-02 10:02:20 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded flat at 84.51, as the dollar remained subdued amid the Thanksgiving holiday in the US, limiting major market movements. With muted activity in global markets, the rupee saw minimal volatility. However, geopolitical concerns and crude price trends will likely impact the rupee’s movement in the near term. The rupee range remains between 84.40-84.60...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-11-29 05:44:20 pm

Sell EURINR Dec @ 89.5 SL 89.7 TGT 89.3-89.1 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.51-84.67. Rupee was little changed as likely intervention by the Reserve Bank of India supported the currency. Dollar-rupee far forward premiums rose, aided by the decline U.S. bond yields The central bank has frequently intervened in recent sessions to support the rupee near the psychologically important support level of 84.50. SELL USDINR DEC @ 84.65 SL 84.75 TGT 84.55-84.45. EURINR Observations...

Sell EURINR Dec @ 89.5 SL 89.7 TGT 89.3-89.1 - Kedia Advisory

Source: Kedia Advisory
2024-11-29 10:11:02 am

Sell USDINR Dec @ 84.6 SL 84.7 TGT 84.5-84.42. - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.38-84.7. Rupee declined pressured by strong dollar demand related to the expiry monthly futures contract and month-end payments by importers. FOMC minutes indicated that the policymakers are taking a cautious approach to cutting interest rates as inflation is easing and the labor market remains strong. Dollar-rupee forward premiums rose, supported by a dip in near-maturity U.S. bond yields and the dollar-rupee overnight...

Sell USDINR Dec @ 84.6 SL 84.7 TGT 84.5-84.42. - Kedia Advisory

Source: Kedia Advisory
2024-11-28 10:28:59 am

Buy GBPINR Nov @ 105.7 SL 105.4 TGT 106-106.2 - Kedia advisory

USDINR Observations USDINR trading range for the day is 84.16-84.42. Rupee steadied amid renewed Dollar demand driven by strong US economic data, and US President-elect Trump’s plan on new tariffs. However, inflows from MSCI's index rebalancing, declining US bond yields and lower crude oil prices could lift the INR in the near term. India's economic outlook for coming months 'cautiously optimistic': Finmin Report SELL USDINR NOV @ 84.35 SL 84.45 TGT 84....

Buy GBPINR Nov @ 105.7 SL 105.4 TGT 106-106.2 - Kedia advisory

Source: Kedia Advisory
2024-11-27 10:03:59 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded volatile within the 84.35 range as the dollar maintained a sideways movement near 107$, and crude oil's recovery today contributed to the currency's fluctuation, with slight weakness observed. Positive momentum in capital markets provided some support to the rupee, offsetting broader global pressures. The rupee's immediate range is anticipa...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-11-26 05:05:44 pm

Sell Usdinr Nov @ 84.35 SL 84.45 TGT 84.25-84.18 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.17-84.47. Rupee gains bolstered by the weakening of the Greenback and expected inflows from MSCI's index changes. India expects food inflation to slow in coming months, government report says The HSBC Flash India Composite Output Index rose to 59.5 in November from a final reading of 59.1 in October. SELL USDINR NOV @ 84.35 SL 84.45 TGT 84.25-84.18. EURINR Observations EURINR trading range ...

Sell Usdinr Nov @ 84.35 SL 84.45 TGT 84.25-84.18 - Kedia Advisory

Source: Kedia Advisory
2024-11-26 10:31:11 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded strong, gaining 0.12rs to close at 84.30, as capital markets witnessed robust fund inflows or significant short covering, lending support to the currency. This comes after a sharp decline in the rupee from 83.45 to 84.50 over the past 45 days in October. The recent strength suggests a potential rally, provided the dollar index remains below the 107$ mark...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-11-25 06:15:12 pm

Sell Jpyinr Nov @ 55 SL 55.2 TGT 54.8-58.6 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.35-84.55. Rupee ending higher as the central bank's intervention supported the currency in the face of the U.S. dollar jumping to a two-year high. RBI Governor noted that robust growth in the Indian economy has provided the Indian central bank with the flexibility to focus on inflation India Manufacturing PMI fell to 57.3 in November 2024, slightly down from 57.5 in October SELL USDINR NOV @ 84.55 SL 84.65 TGT 84...

Sell Jpyinr Nov @ 55 SL 55.2 TGT 54.8-58.6 - Kedia Advisory

Source: Kedia Advisory
2024-11-25 10:14:47 am

USDINR Observations USDINR trading range for the day is 84.39-84.61. Rupee weakened pressured by likely foreign outflows from local stocks and renewed strength in the dollar RBI warns unchecked inflation could harm India's real economy, despite strong growth outlook India's Q2 economic growth likely took a hit from heavy rains and corporate struggles: ICRA SELL USDINR NOV @ 84.55 SL 84.65 TGT 84.45-84.38. EURINR Observations EURINR trading rang...

Sell JPYINR Nov @ 55 SL 55.2 TGT 54.8-58.6 - Kedia Advisory

Source: Kedia Advisory
2024-11-22 10:28:43 am

Sell Euriner Nov @ 89.4 SL 89.6 TGT 89.2-89 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.39-84.51. Rupee declined pressured by dollar demand from foreign banks and importers. Likely intervention by RBI helped the currency avoid further losses with state-run banks spotted intermittently offering dollars. Morgan Stanley lowered India's growth forecast for FY25 from 7 per cent to 6.7 per cent SELL USDINR NOV @ 84.45 SL 84.55 TGT 84.35-84.28. EURINR Observations EURINR trading rang...

Sell Euriner Nov @ 89.4 SL 89.6 TGT 89.2-89 - Kedia Advisory

Source: Kedia Advisory
2024-11-21 11:09:53 am

Below The Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee weakened further, trading at 84.42 as the dollar scaled higher above 106.50. Escalating geopolitical tensions between Russia and Ukraine, with the war intensifying again, have contributed to a fresh wave of market sell-offs, adding downward pressure on the rupee. This negativity is expected to persist in the near term. The rupee's range is projected be...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-11-19 04:51:51 pm

Buy EURINR NOV @ 89.1 SL 88.9 TGT 89.3-89.5. - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.37-84.51. Rupee ended nearly unchanged supported by the central bank's market intervention. India's foreign exchange reserves declined for the sixth consecutive week to $675.65 billion RBI Governor Das stated that the Indian economy and financial sector are in a strong position. SELL USDINR NOV @ 84.45 SL 84.55 TGT 84.35-84.28 EURINR Observations EURINR trading range for the d...

Buy EURINR NOV @ 89.1 SL 88.9 TGT 89.3-89.5. - Kedia Advisory

Source: Kedia Advisory
2024-11-19 09:54:51 am

Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee showed strength, gaining 0.08 rupees to trade at 84.39, supported by a weakening dollar that failed to break above 107 and retreated to 106.45. This minor support for the rupee was further aided by a reduction in FII selling activity in recent days, with expectations that sell-off pressure will remain limited due to the upcoming state elections in Mahara...

Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP securities Ltd
2024-11-18 05:15:11 pm

Buy JPYINR Nov @ 54.2 SL 54 TGT 54.4-54.6 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.4-84.56. Rupee declined to an all-time low affected by continuous foreign fund withdrawals and robust dollar requirements from investors. Indian economy 'sailing smoothly' amid global challenges, says RBI Governor Shaktikanta Das India’s wholesale prices increased by 2.36% yoy in October 2024, after a 1.84% gain in September SELL USDINR NOV @ 84.52 SL 84.62 TGT 84.42-84.34. EURINR Ob...

Buy JPYINR Nov @ 54.2 SL 54 TGT 54.4-54.6 - Kedia Advisory

Source: Kedia Advisory
2024-11-18 11:05:35 am

Buy Euriner NOV @ 89.7 SL 89.5 TGT 89.9-90.1 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.38-84.48. Rupee fell pressured by the dollar's rise to a more than four-month peak and on likely outflows from local equities. The annual inflation rate in India soared to 6.21% in October of 2024 from 5.49% in the previous month State-run banks were spotted offering dollars, likely on behalf of the Reserve Bank of India. BUY USDINR NOV @ 84.4 SL 84.32 TGT 84.48-84.55. EURINR Observations E...

Buy Euriner NOV @ 89.7 SL 89.5 TGT 89.9-90.1 - Kedia Advisory

Source: Kedia Advisory
2024-11-14 10:56:22 am

Buy GBPINR Nov @ 107.5 SL 107.2 TGT 107.8-108 - Kedia Advisory

Source: Kedia Advisory
2024-11-13 11:21:27 am

Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory

Precious and industrial metals faced a decline, driven by a strengthening U.S. dollar and concerns about global economic weakness. Silver dipped to its lowest in a month, pressured by a robust dollar and weak Chinese stimulus measures. Copper hit a two-month low amid underwhelming Chinese economic data and a tepid debt package. Gold fell to nearly a two-month low as reduced demand for safe-haven assets and strong dollar gains weighed on the market. Meanwhile, WTI crude oil and platinum also e...

Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory

Source: Kedia Advisory
2024-11-12 05:35:16 pm

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee traded weaker by 0.01 rupees, closing at 84.40, as FIIs continued their selling spree in the Indian market. However, the rupee received some relief from falling crude and gold prices, as the reduced pace of decline could potentially improve India's import bill in the coming months. Despite this, the dollar index's continued strength above 105 is expecte...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP Securities Ltd
2024-11-12 05:24:04 pm

Buy USDINR Nov @ 84.42 SL 84.32 TGT 84.52-84.6 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.39-84.47. Rupee slipped to an all-time low pressured by weakness in regional currencies and sustained outflows from local equities. Dollar-rupee forward premiums declined with the 1-year implied yield dropping to an over two-month low of 2.10%. India's services sector saw a resurgence in October, driven by robust demand and increased sales BUY USDINR NOV @ 84.42 SL 84.32 TGT 84.52-84.6. EURINR ...

Buy USDINR Nov @ 84.42 SL 84.32 TGT 84.52-84.6 - Kedia Advisory

Source: Kedia Advisory
2024-11-12 10:39:00 am

Sell JPYINR Nov @ 55.5 SL 55.7 TGT 55.3-55.2 - Kedia Advisory

USDINR Observations USDINR trading range for the day is 84.38-84.46. Rupee weakened to a record low pressured by sustained outflows from local stocks and expectations of a stronger dollar. State-run banks were spotted offering dollars, most likely on behalf of RBI, helped limit the currency's losses Dollar-rupee forward premiums declined, with the 1-year implied yield down 3 basis points at 2.19% SELL USDINR NOV @ 84.48 SL 84.58 TGT 84.38-84.3. EURINR ...

Sell JPYINR Nov @ 55.5 SL 55.7 TGT 55.3-55.2 - Kedia Advisory

Source: Kedia Advisory
2024-11-11 10:54:53 am

Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities "The rupee closed at 84.38, marking another record low as it continues to feel the impact of persistent selling by FIIs, extending the sell-off trend from October. The Federal Reserve's policy outcome was in line with expectations, delivering a 0.25% rate cut and reinforcing its commitment to targeting 2% inflation. The Fed's acknowledgment of an anticipated ...

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Source: LKP securities Ltd
2024-11-09 05:37:56 pm

News

Buy USDINR Dec @ 85.1 SL 85 TGT 85.2-85.3. - Kedia Advisory

Buy EURINR Dec @ 88.3 SL 88.1 TGT 88.5-88.7. - Kedia advisory

Global Liquidity Tracker: Historic high US inflow as money aggressively moving into Dollar Assets; GEM redemptions at 3-year high by Elara Securities India

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Sell GBPINR Dec @ 107.75 SL 108.05 TGT 107.4-107.1 - Kedia Advisory

Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services

Perspective on Gold and Currency price reaction by Mr Nish Bhatt, Founder & CEO, Millwood Kane International

Sell JPYINR Dec @ 56.35 SL 56.55 TGT 56.15-55.95 - Kedia Advisory

Buy GBPINR Dec @ 107.8 SL 107.5 TGT 108.1-108.3 - Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Sell JPYINR Dec @ 56.15 SL 56.35 TGT 55.85-55.65 - Kedia advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Buy USDINR Dec @ 84.85 SL 84.75 TGT 84.95-85.05 - Kedia advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

SELL JPYINR DEC @ 56.6 SL 56.8 TGT 56.4-56.2. - Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Sell GBPINR Dec @ 108.6 SL 108.9 TGT 108.3-108. - Kedia advisory

Sell GBPINR Dec @ 108.6 SL 108.9 TGT 108.3-108 - Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Sell JPYINR Dec @ 57.2 SL 57.4 TGT 57-56.8. - Kedia Advisory

Sell GBPINR Dec @ 108.25 SL 108.45 TGT 108-107.75 - Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Sell USDINR DEC @ 84.9 SL 85 TGT 84.8-84.7. - Kedia Advisory

Sell JPYINR DEC @ 57 SL 57.2 TGT 56.8-56.6. - Kedia Advisory

Sell GBPINR Dec @ 107.7 SL 108 TGT 107.4-107.2. - Kedia Advisory

Sell JPYINR Dec @ 56.9 SL 57.1 TGT 56.7-56.5. - Kedia Advisory

Sell USDINR Dec @ 84.7 SL 84.8 TGT 84.6-84.5 - Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Sell EURINR Dec @ 89.5 SL 89.7 TGT 89.3-89.1 - Kedia Advisory

Sell USDINR Dec @ 84.6 SL 84.7 TGT 84.5-84.42. - Kedia Advisory

Buy GBPINR Nov @ 105.7 SL 105.4 TGT 106-106.2 - Kedia advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Sell Usdinr Nov @ 84.35 SL 84.45 TGT 84.25-84.18 - Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Sell Jpyinr Nov @ 55 SL 55.2 TGT 54.8-58.6 - Kedia Advisory

Sell JPYINR Nov @ 55 SL 55.2 TGT 54.8-58.6 - Kedia Advisory

Sell Euriner Nov @ 89.4 SL 89.6 TGT 89.2-89 - Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Buy EURINR NOV @ 89.1 SL 88.9 TGT 89.3-89.5. - Kedia Advisory

Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Buy JPYINR Nov @ 54.2 SL 54 TGT 54.4-54.6 - Kedia Advisory

Buy Euriner NOV @ 89.7 SL 89.5 TGT 89.9-90.1 - Kedia Advisory

Buy GBPINR Nov @ 107.5 SL 107.2 TGT 107.8-108 - Kedia Advisory

Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities

Buy USDINR Nov @ 84.42 SL 84.32 TGT 84.52-84.6 - Kedia Advisory

Sell JPYINR Nov @ 55.5 SL 55.7 TGT 55.3-55.2 - Kedia Advisory

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities