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USDINR Observations USDINR trading range for the day is 83.53-83.75. Rupee fell on corporate outflows and oil companies' dollar bids. The International Monetary Fund (IMF) raised its economic forecasts this year for China, India, and Europe. India’s economy is estimated to grow 7% from the 6.8% the IMF had projected, owing to stronger consumer spending in rural areas. BUY USDINR JUL @ 83.6 SL 83.5 TGT 83.7-83.8. EURINR Observations EURINR tra...
Sell JPYINR Jul @ 53.55 SL 53.75 TGT 53.35-53.15 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.52-83.7. Rupee ended lower, pressured by a decline in the Chinese yuan and tracking losses in Asian peers. India's merchandise exports rise to $35.2 bln in June, trade ministry says India's retail inflation rate rose for the first time in five months in June due to a continued sharp spike in food prices. SELL USDINR JUL @ 83.65 SL 83.75 TGT 83.55-73.45. EURINR Observations EUR...
Sell JPYINR Jul @ 52.9 SL 53.1 TGT 52.7-52.5. - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.48-83.62. Rupee gains after a soft U.S. inflation reading boosted hopes of rate cuts by the Federal Reserve. Odds of a September rate cut by the Fed rose above 90% after the data Dollar-rupee forward premiums ticked up with the 1-year implied yield up 2 basis points at 1.68% SELL USDINR JUL @ 83.65 SL 83.75 TGT 83.55-73.45. EURINR Observations EURINR trading range for the day is 90.57...
Buy JPYINR JUL @ 52.25 SL 52.05 TGT 52.5-52.7 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.48-83.6. Rupee closed nearly flat, tracking largely subdued price action in its Asian peers. Dollar-rupee forward premiums ticked up, with the 1-year implied yield touching a one-month peak of 1.66% India's foreign exchange reserves decreased by $1.71 billion to reach $652 billion SELL USDINR JUL @ 83.6 SL 83.7 TGT 83.5-83.4. EURINR Observation EURINR trading range for the day is ...
Sell JPYINR Jul @ 52.1 SL 52.3 TGT 51.9-51.7 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.45-83.63. Rupee closed little changed unable to capitalise on a broadly weaker dollar amid heightened odds of a September rate cut by Fed. India's foreign exchange reserves decreased by $1.71 billion to reach $652 billion Dollar-rupee forward premiums ticked up, with the 1-year implied yield touching a one-month peak of 1.66% SELL USDINR JUL @ 83.6 SL 83.7 TGT 83.5-83.4. EURINR Observation ...
Sell USDINR Jul @ 83.6 SL 83.7 TGT 83.5-83.4 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.5-83.58. Rupee closed nearly unchanged as importer dollar demand weighed on the currency, even though most of its Asian peers gained. Rupee forward premiums rose with the 1-year implied yield up 2 basis points at 1.64% aided by a decline in U.S. bond yields. India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P SELL USDINR JUL @ 83.6 SL 83.7 TGT 83.5-83.4. EURINR Obser...
Sell USDINR Jul @ 83.6 SL 83.7 TGT 83.5-83.4 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.49-83.65. Rupee ended slightly stronger, tracking firmer Asian peers amid a decline in U.S. bond yields, although gains were curbed by local dollar demand. India's rating upgrade possible in next 24 months if fiscal deficit falls to 4%: S&P Rupee forward premiums rose with the 1-year implied yield up 2 basis points at 1.64% aided by a decline in U.S. bond yields. SELL USDINR JUL @ 83.6 SL 83.7 TGT 83.5-83.4. ...
Sell USDINR Jul @ 83.6 SL 83.7 TGT 83.5-83.4 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.51-83.65. Rupee closed marginally weaker amid dollar demand from local corporates and state-run banks alongside weakness in Asian currencies. The HSBC India Services PMI was revised higher to 60.5 in June 2024 from a flash reading of 60.4 The HSBC India Composite PMI was at 60.9 in June 2024, aligning with flash data and accelerating from May's five-month low of 60.5. SELL USDINR JUL @ 83.6 SL 83.7 TGT 83.5-83.4....
Buy JPYINR Jul @ 51.7 SL 51.5 TGT 51.9-52.1 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.49-83.65. Rupee weakened tracking a fall in its Asian peers and hurt by strong dollar demand from local oil companies. India's forex reserves increased by $816 million to $653.7 billion as of June 21 India’s HSBC Manufacturing PMI rose to 58.3 in June from the previous reading of 57.5 SELL USDINR JUL @ 83.6 SL 83.7 TGT 83.5-83.4. EURINR Observation EURINR trading range for the day is ...
Sell JPYINR Jul @ 51.9 SL 52.1 TGT 51.7-51.5 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.4-83.6. Rupee closed weaker as broad based interbank dollar demand pressured the currency Rupee closed weaker as broad based interbank dollar demand pressured the currency Investors are currently pricing in nearly two rate cuts by the Federal Reserve over 2024. SELL USDINR JUL @ 83.55 SL 83.65 TGT 83.45-83.35. EURINR Observation EURINR trading range for the day is 89.42-90.2. Euro climbs aft...
Sell JPYINR Jul @ 52.4 SL 52.6 TGT 52.2-52 - Kedia Advisory
* The Indian rupee is likely to open steady at 83.39. The better-than-expected industrial output and fiscal numbers support the rupee, while foreign fund outflows and higher crude oil may limit the gains. * Spot USDINR little gained 7 paise to 83.39 on Friday. The lower debt inflows and equity outflows may pull the pair higher in today’s trade. Technically, the pair has support at 83.30 and resistance at 83.65. * European politics will top investors’ agenda th...
The Indian rupee is likely to open steady at 83.39 - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.35-83.61. Rupee ended stronger aided by inflows spurred by the inclusion of the country's bonds into the JPMorgan emerging market debt index. US personal consumption expenditure price index was unchanged in May from April, the least in six months, and following a 0.3% rise in April. The S&P Global Ratings retained its growth forecast for India at 6.8% for FY25 SELL USDINR JUL @ 83.5 SL 83.6 TGT 83.4-83.3. ...
Sell JPYINR Jul @ 52.5 SL 52.7 TGT 52.3-52.1 - Kedia Advisory
Market Roundup * The much-awaited date has come with Indian bond going global. The quarter-end rebalancing, dollar inflows and risk-on sentiments are likely to support the rupee in today’s trade, while broad-based strength in the greenback may try to limit the gain. The forward markets indicate USDINR opening near 83.46. * The rupee appreciated 12 paise to settle at 83.46 against the US dollar on Thursday, supported by a positive trend in equity markets and an inflow of ...
The much-awaited date has come with Indian bond going global - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.44-83.68. Rupee ended stronger boosted by inflows into domestic sovereign bonds. RBI Governor opined that retail inflation in India would moderate to an average of 4.5 per cent in FY25 India's current account deficit improved significantly to 0.7% of GDP in FY24, down from 2% of GDP previous year SELL USDINR JUL @ 83.55 SL 83.65 TGT 83.45-83.35. EURINR Observation EURINR trading range for t...
Sell JPYINR Jul @ 52.5 SL 52.7 TGT 52.3-52.2 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.43-83.81. Rupee fell pegged back by persistent dollar demand by public sector banks. Fed officials indicated that the central bank is not in a rush to start its rate-cutting cycle. The S&P Global Ratings retained its growth forecast for India at 6.8% for FY25 SELL USDINR JUL @ 83.5 SL 83.6 TGT 83.4-83.3. EURINR Observation EURINR trading range for the day is 89.48-89.7. Euro falls on exp...
Sell USDINR Jul @ 83.5 SL 83.6 TGT 83.4-83.3 - Kedia Advisory
Market Roundup * The Indian rupee is expected to open slightly lower following a rebound in the greenback post hawkish comment from fed members. The forward markets indicate USDINR opening around 83.46 from the previous close of 83.43. * Spot USDINR fell for the third day in a row and erased the 20th June gains. The expectation of dollar inflows and better economic data supported the rupee. Technically, the pair has support at 83.30 and resistance at 83.70. In the short term, ...
The dollar nudged higher on Wednesday - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.36-83.54. Rupee ended marginally higher on expectations of foreign inflows into domestic debt that will be included in a global index. India's current account balance surplus for the first time in 10 quarters in the January-March quarter. Investors await remarks from Fed policymakers this week for further cues on when the central bank may begin to ease policy rates. SELL USDINR JUN @ 83.5 SL 83.6 TGT 83.4-83.3. ...
Buy EURINR Jun @ 89.4 SL 89.2 TGT 89.6-89.8 - Kedia Advisory
Market Roundup * The Indian rupee is expected to open steady around 83.46 following muted price action in the region. The risk-on sentiments, expectations of foreign fund inflows and better-than-expected current account data can support the rupee while higher crude oil prices and a stronger greenback may weigh on it. * Spot USDINR little changed at 83.47 amid a recovery in the domestic equity indices. * Technical spot USDINR has support at 83.30 and resistance at 83.70. The medium-te...
The CME Fedwatch Tool is backing a rate cut in September, with odds now standing at 59.5% for a 25 basis point cut - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.39-83.61. Rupee closed stronger aided by gains in most of its Asian peers and dollar sales from foreign banks. Investors await remarks from Fed policymakers this week for further cues on when the central bank may begin to ease policy rates. Interest rate futures are currently pricing in a 67% chance of a rate cut in September, according to CME's FedWatch tool. SELL USDINR JUN @ 83.5 SL 83.6 TGT 83.4-83.3. ...
Buy GBPINR Jun @ 105.6 SL 105.3 TGT 105.9-106 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.42-83.72. Rupee ended higher as mild inflows and exporter dollar sales lifted the currency. The HSBC India Manufacturing PMI increased to 58.5 in June 2024 from a final 57.5 in the previous The HSBC India Composite PMI rose to 60.9 in June 2024, up from 60.5 in the previous month BUY USDINR JUN @ 83.65 SL 73.75 TGT 83.55-83.45. EURINR Observation EURINR trading range for the day is 88.99-89.79....
Sell JPYINR JUN @ 52.7 SL 52.9 TGT 52.5-52.3 - Kedia Advisory
Market Roundup The Indian rupee is expected to open on a flat note. The week is expected to be volatile amid half-year and quarter adjustments along with dollar inflows in the debt market following Indian bond inclusion in the JP Morgan Global bond index. In the week gone, the rupee touched a record low of 83.67 before settling at 83.54 gaining 2 paise for the week. Technically, spot USDINR has support at 83.35 and resistance at 83.70. The overall trend remains bullish as long as ...
The Indian rupee is expected to open on a flat note - HDFC Securities
Market Roundup The rupee is expected to open slightly lower following mixed risk tone and dollar outflows from the debt market. The forward markets suggest USDINR opening around 83.67 at local bourses. The Indian rupee declined to an all-time low as broad dollar strength weighed on most emerging Asian currencies. The Rupee declined 0.3% to 83.67 against the greenback on Thursday, weakening past the previous low of 83.5750 in April. The central bank has allowed the rupee to weaken, thoug...
The Indian rupee declined to an all-time low as broad dollar strength weighed on most emerging Asian currencies - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.36-83.82. Rupee weakened pressured by likely outflows and strong dollar demand from local importers. Markets continued to assess the extent to which the RBI is willing to support the currency Fitch raises FY25 India GDP growth forecast to 7.2 per cent SELL USDINR JUN @ 83.7 SL 83.8 TGT 83.58-83.45. EURINR Observations EURINR trading range for the day is 89.34-89.86. Euro remained in range as...
Sell JPYINR Jun @ 53 SL 53.2 TGT 52.8-52.6 - Kedia Advisory
Market Roundup * The Indian rupee is expected to open muted following mixed signals from the global. The dollar inflows and steady commodity prices could support the rupee while weaker regional currencies and risk-averse moods may drag it lower. * India’s sovereign bonds inched up on Wednesday, with the pace of inflows to the country’s debt picking up ahead of the inclusion of the notes to JPMorgan Chase & Co.’s index next week. India’s 10-year yields dipped ...
Technically, spot USDINR has support at 83.30 and resistance at 83.60 - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.31-83.57. Rupee steadied boosted by portfolio inflows Improved odds of rate cuts by the Federal Reserve later this year further supported the currency. Investors are currently pricing in a 67% chance of a rate cut in September, up from about 61% a day earlier SELL USDINR JUN @ 83.5 SL 83.6 TGT 83.36-83.25. EURINR Observations EURINR trading range for the day is 89.38-89.82. Euro dropped as m...
Sell USDINR Jun @ 83.5 SL 83.6 TGT 83.36-83.25 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.33-83.61. Rupee strengthened following a bout of dollar sales from state-run banks on behalf of merchant clients. Fitch raises India's FY25 growth forecast but isn't that optimistic about global growth India's disinflation process proving to be arduous thanks to stubborn food inflation: RBI Guv Das SELL USDINR JUN @ 83.5 SL 83.6 TGT 83.36-83.25. EURINR Observations EURINR ...
BUY GBPINR JUN @ 105.8 SL 105.5 TGT 106.1-106.4 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.52-83.6. Rupee closed unchanged as intervention from Indian central bank prevented it from hitting a lifetime low. India’s merchandise trade deficit was at $23.8 billion in May of 2024 Dollar-rupee forward premiums rose with the 1-year implied yield up 3 basis points at 1.63%. SELL USDINR JUN @ 83.6 SL 83.7 TGT 83.5-83.4. EURINR Observations EURINR trading range for the day is 88.97-90.37. ...
SELL USDINR Jun @ 83.6 SL 83.7 TGT 83.5-83.4. - Kedia Advisory
Market Roundup * The Indian rupee is expected to open almost flat, after Monday’s holiday. The risk-on sentiments and expectation of dollar inflows in the coming days could support the rupee at a lower level. The central bank has been protecting the rupee near a record low by dollar supply. * Spot USDINR little changed at 83.56 on Friday. Technical setup remains bullish for the USDINR, but on the higher side, it is facing resistance between 83.60 to 83.80 levels. * India's ...
The Indian rupee is expected to open almost flat, after Monday`s holiday - HDFC Securities
Market Roundup * The Indian rupee is expected to open slightly higher following recovery in the greenback and foreign fund outflows. * Indian bonds rose by the most this month, helped by softer US and local inflation data. The rupee traded steady. India’s 10-year yields fell 3bps to 6.99%, the most since the start of June. Spot USDINR closed at 83.55 unchanged. Technically, the pair has resistance between 83.60 to 83.80 while holding the support at 83.30. * The BOJ is expected ...
The US producer price index unexpectedly declined by the most in seven months - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.52-83.62. Rupee closed nearly unchanged as pressure due to dollar demand from local corporates was blunted by state-run banks' dollar offers Factory gate prices in the US declined by 0.2% in May compared to market expectations of 0.1% increase US annual inflation rate declined to 3.3% in May, below April's expectations of 3.4% SELL USDINR JUN @ 83.6 SL 83.7 TGT 83.5-83.4. EURINR Obs...
Sell JPYINR Jun @ 53.5 SL 53.7 TGT 53.3-53.1 - Kedia Advisory
Market Roundup * Cooling inflation triggered a risk-on tone across markets. The Indian rupee is expected to open slightly higher tracking strength in the Asian currencies post-FOMC rate decision. The better-thanexpected Industrial output data and cooling inflation could further support the rupee and bonds. * Technical setup remains bullish for the USDINR with resistance placed in the area of 83.60 to 83.80 while support around 83.30. * Consumer price index (CPI)-based retail inflatio...
The Bank of Japan starts its two-day policy meeting with a decision due on Friday - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.51-83.67. Rupee closed flat even as dollar demand from local oil companies and other importers put pressure. Fed kept the funds rate unchanged but dot-plot projections showed a sole 25bps rate cut this year US annual inflation rate declined to 3.3% in May, below April's expectations of 3.4% SELL USDINR JUN @ 83.65 SL 83.75 TGT 83.55-83.45. EURINR Observations EURINR trading range ...
BUY GBPINR JUN @ 106.4 SL 106.2 TGT 106.7-107 - Kedia Advisory
Market Roundup * The Indian rupee fell to a record low at close, weighed by a strong dollar. Though the rupee is at a record low level it has been the second-best performing currency among the Asian baskets. Going ahead, the dollar inflows from bond inclusion, the central bank’s intervention and risk sentiments will be the driving factor for the local rupee. Bonds gained on the government’s reappointment of Nirmala Sitharaman as the finance minister, projecting an image of poli...
The Indian rupee fell to a record low at close, weighed by a strong dollar - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.47-83.71. Rupee weakened as strong labor data in the US lifted the dollar. Markets continued to digest India’s election results and how the BJP’s dependence on its coalition will impact growth. India's foreign exchange reserves reached a record $651.5 billion SELL USDINR JUN @ 83.65 SL 83.75 TGT 83.55-83.45. EURINR Observations EURINR trading range for the day ...
Sell Jpyinr Jun @ 53.4 SL 53.6 TGT 53.2-53. - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.45-83.61. Rupee ended weaker weighed down by a rise in U.S. bond yields RBI raised India's FY25 real GDP forecast to 7.20 per cent due to improved rural and urban demand conditions India's foreign exchange reserves reached a historical high of $ 651.5 billion as of May 31, 2024 SELL USDINR JUN @ 83.6 SL 83.7 TGT 83.4-83.3 EURINR Observations EURINR trading range for the day is 89.36-90....
BUY GBPINR JUN @ 106 SL 105.7 TGT 106.3-106.5 - Kedia Advisory
Market Roundup * The Indian rupee is expected to open slightly lower following a higher greenback against the regional currencies. The recovery in crude oil prices could weigh on rupee bonds. The foreign fund buying domestic equities and risk-on sentiments will support the rupee. * On Monday, spot USDINR gained 13 paise to 83.51 following emerging-market Asian peers in the wake of upbeat US jobs data Friday. Technical setup remains bullish for the USDINR with resistance at 83.60 and sup...
The foreign fund buying domestic equities and risk-on sentiments will support the rupee - HDFC Securities
Market Roundup Indian rupee stabilised in the week, ending 8 paise higher to 83.38 a dollar. The RBI has held the rate unchanged for the eighth consecutive meeting, withdrawal of the accommodative stance. However, it has raised the country’s growth prospects amid a better macro environment. Spot USDINR is expected to trade in the broad range of 83.10 to 83.60 in the coming day. The bias remains neutral to positive as long as it trades above 83. The dollar and equities are set f...
Indian rupee stabilised in the week, ending 8 paise higher to 83.38 a dollar - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.35-83.57. Rupee strengthened as RBI kept its benchmark policy repo at 6.5% for the eighth consecutive meeting The US economy added 272K jobs in May, much higher than a downwardly revised 165K in April RBI revised the economic growth forecast for the fiscal year 2025 to 7.2% from 7%. SELL USDINR JUN @ 83.6 SL 83.7 TGT 83.4-83.3. EURINR Observations EURINR trading range for the day is 90.71-91.21...
Sell JPYINR JUN @ 53.6 SL 53.8 TGT 53.4-53.2 - Kedia Advisory
Market Roundup * The Indian rupee is likely to open flat following Asian currencies. The foreign fund outflows and the central bank’s intervention have been weighing on the local rupee. While there is no change in fundamentals, the rupee is expected to remain less volatile among its peers. * On Thursday, spot USDINR gained 10 paise to 83.48 ahead of the monetary policy decision. The pair is expected to trade in the tight range of 83.30 to 83.60. * Investors...
The foreign fund outflows and the central bank`s intervention have been weighing on the local rupee - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.28-83.7. Rupee ended weaker pressured by dollar demand from local importers and foreign banks. Signs of a softening job market in the US compounded pressure in dollar from a more hawkish outlook for the ECB. The RBI's monetary policy decision, alongside the U.S. non-farm payrolls report, is due on Friday. SELL USDINR JUN @ 83.6 SL 83.7 TGT 83.4-83.3. EURINR Observations EURINR trading range...
Sell USDINR Jun @ 83.6 SL 83.7 TGT 83.4-83.3 - Kedia Advisory
Market Roundup * The Indian rupee is expected to open slightly higher following a weaker dollar index and risk-on moods. The lower crude oil prices and the expectation of foreign fund inflows could also support the rupee. On Wednesday, Spot USDINR fell 15 paise to 83.38. * Broadly the pair has been consolidating between 83 to 83.60 but within that, it has made two small ranges 83 to 83.30 and 83.30 to 83.60. A major event of the election is completed the focus will shift...
Asian equity markets rose after the world`s largest technology companies helped send US shares to a fresh all-time high - HDFC Securities
USDINR Observations USDINR trading range for the day is 83.26-83.62. Rupee closed stronger aided by dollar sales from foreign banks and likely intervention from the Reserve Bank of India. The HSBC India Services PMI was revised lower to 60.4 in May 2024 from 61.4 in the preliminary estimates The HSBC India Composite PMI fell to 60.5 in May 2024, revised down from the initial estimate of 61.7 SELL USDINR JUN @ 83.5 SL 83.65 TGT 83.45-83.35. EURINR Observat...
Buy JPYINR JUN @ 53.3 SL 53.1 TGT 53.5-53.7 - Kedia Advisory
Market Roundup * The Indian rupee is expected to open with a cut following foreign funds selling domestic equities after election results. Indian Prime Minister Narendra Modi will be reelected, but it's unlikely that his alliance secured the overwhelming majority. That means his Bhartiya Janata Party (BJP) will not have free reign to execute its continued push for investment-led growth. * On Tuesday, spot USDINR gained 38 paise to 83.53, marking its best single-day p...
The Indian rupee is expected to open with a cut following foreign funds selling domestic equities after election results - HDFC Securities
USDINR Observations USDINR trading range for the day is 82.85-84.07. Rupee dropped after counts showed that incumbent PM Modi’s BJP is due for a much narrower win than expected. Indian GDP expanded by 7.8% from the previous year in the quarter ending in March, well above market expectations of 6.7% Manufacturing activity eases to a three-month low of 57.5 in May SELL USDINR JUN @ 83.7 SL 83.85 TGT 83.55-83.4. EURINR Observations EURINR trading ra...
Sell USDINR Jun @ 83.7 SL 83.85 TGT 83.55-83.4 - Kedia Advisory
Market Roundup * The rupee is expected to open slightly higher following the weaker greenback and foreign fund inflows. The lower crude oil prices may also support the rupee. However, the central bank’s intervention could limit the gains. The NSE Nifty 50 Index rallied 3.3%, its biggest surge in over three years, while the rupee was the second-best performing currency in Asia on Monday * On Monday, the Indian rupee gained 32 paise to 83.14 after making a high of 82...
The lower crude oil prices may also support the rupee - HDFC Securities
USDINR Observations USDINR trading range for the day is 82.77-83.67. Rupee strengthened amid election results deemed favorable by financial markets and a strong GDP. The HSBC India Manufacturing PMI came at 57.5 in May 2024, below preliminary estimates and market forecasts of 58.4. Indian GDP expanded by 7.8% from the previous year in the quarter ending in March. SELL USDINR JUN @ 83.25 SL 83.35 TGT 83.15-83.05. EURINR Observations EURINR trading range...
Sell USDINR Jun @ 83.25 SL 83.35 TGT 83.15-83.05 - Kedia Advisory
USDINR Observations USDINR trading range for the day is 83.18-83.72. Rupee dropped amid month-end dollar demand from importers, with investors awaiting the outcome of the country's general elections. The core personal consumption expenditure price index in the US rose by 0.2% month over month in April The Indian economy expanded by 7.8% from the corresponding period of the previous year in the quarter ending March of 2024. The Indian economy expanded by 7.8% from the cor...
SELL JPYINR JUN @ 53.4 SL 53.6 TGT 53.2-53 - Kedia Advisory
Market Roundup The Indian rupee recovers lost growth by gaining 2 paise to 83.315 in Thursday’s trade. Lower imported commodity prices and the start of the monsoon season supported the gains in the rupee. However, the technical setup remains bullish for the USDINR with higher side resistance at 83.60 and support at 83.01 China’s official manufacturing and non-manufacturing PMIs missed estimates Friday, with the former falling back into contraction. Focus will soon s...
The Indian rupee recovers lost growth by gaining 2 paise to 83.315 in Thursday`s trade - HDFC Securities
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