Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
"The rupee weakened by 0.04, trading at 84.10, as the dollar index strengthened and FII selling intensified at the start of November, ahead of the US election. FIIs appear to be reducing their exposure to Indian markets, awaiting the outcome of the election, which has led to index-level corrections. The rupee is expected to remain volatile, with the US election res...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
GBP/USD continues to rise, consolidating between 1.3435 and 1.3250, hitting fresh 30-month highs. The pair is driven by diverging monetary policies, with the Bank of England (BoE) adopting a cautious approach to rate cuts, while the US Federal Reserve (Fed) leans toward a 50 basis points (bps) cut by November, weakening the US Dollar. Additionally, China's stimulus measures, including a Reserve Requirement Ratio (RRR) cut, boosted global risk appetite, further supporting the Pound. Techni...
GBP/USD Consolidates at 30-Month High Amid Diverging Monetary Policies By Amit Gupta , Kedia Advisory
The Indian Rupee stabilized near mid-83.00s during the Asian session on Tuesday, benefiting from subdued USD demand. Expectations of a dovish Federal Reserve, following a major rate cut last week, have kept the USD under pressure, providing some relief to the INR. Technically, the USD/INR pair remains vulnerable, trading below its 100-day EMA, with key support at 83.30 and resistance around 83.68. Additionally, India’s PMI data for September showed a slowdown in manufacturing and servic...
Indian Rupee Gains Amid Subdued USD Demand, Eyes Key US Data for Direction by Amit Gupta, Kedia Advisory