News

Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services Below are Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services "Next week is going to be very eventful for USDINR, with RBI MPC outcome and the US NFP data. RBI MPC will continue to maintain its accommodative stance but the focus will be on the outlook of the central bank over the spill-over effect of the second wave of COVID-19 on the economic growth.  So we can expect some volatility in spot ahead of that. Technically, th...
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
28/05/2021 4:23:11 PM
Quote on MCX Gold hitting Rs. 49,000 level by Mr. Rahul Gupta, Emkay Global Financial Services Below are Technical Quote on MCX Gold hitting Rs. 49,000 level by Mr. Rahul Gupta, Head of Research- Currency | Emkay Global Financial Services “The yellow metal has continued to show strength  and the safe-haven demand will remain intact in general. While, DXY is struggling to extend recovery moves. MCX gold has hit the higher end of the range around 49000, further upside is possible only if prices hold on to these areas for few sessions. Else a correction towards 48000/47...
Quote on MCX Gold hitting Rs. 49,000 level by Mr. Rahul Gupta, Emkay Global Financial Services
Quote on MCX Gold hitting Rs. 49,000 level by Mr. Rahul Gupta, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
26/05/2021 12:59:20 PM
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services Below are Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, at Emkay Global Financial Services "Overall the sentiments are quite risk-on amid economic revival and reopening of the Western countries. Also, in India the improving trend of moderation in daily new Covid cases is boosting risk sentiments. While, dollar index has continued the downtrend, despite Fed minutes spooked the market on the prospect of Fed tapering and there are less signs of DXY bouncin...
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
21/05/2021 5:52:17 PM
Gold on account of Akshaya Tritiya by Mr. Rahul Gupta, Emkay Global Financial Services Below ais Perspective on Gold on account of Akshaya Tritiya by Mr. Rahul Gupta, Head of Research- Currency | Emkay Global Financial Services “Akshaya Tritiya is considered an auspicious day to buy gold and usually we see buying some demand ahead of it and also on that particular day. Overall, the MCX gold price continue to exhibit a strong solid show after a big blowout of the US Nonfarm payrolls data. After hitting a more than two weeks low of 46462 MCX Gold made a reversa...
Gold on account of Akshaya Tritiya by Mr. Rahul Gupta, Emkay Global Financial Services
Gold on account of Akshaya Tritiya by Mr. Rahul Gupta, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
11/05/2021 6:04:25 PM
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services Below are Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, at Emkay Global Financial Services “The USDINR spot has continued the downtrend and has lacked enthusiasm ahead of US NFP data. The primary reason is traders are focusing on global recovery and increase in vaccination drives in the euro zone. Also, seems like the local fx market has likely factored in the slow economic recovery amid escalating coronavirus cases in India, but still some cautious se...
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
7/05/2021 5:38:04 PM
Quote on Rupee by Mr. Rahul Gupta, Emkay Global Financial Services Below are Quote on Rupee by Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services "The RBI policy was very interesting and it felt like a quantitative easing programme. The key take away is that the RBI will continue to maintain the ultra-loose monetary policy and infuse liquidity for a long time as Covid surge will keep imparting uncertainty to growth outlook. The RBI has reiterated that growth is the priority. Also, CPI Q4 FY22 projection has been reduced...
Quote on Rupee by Mr. Rahul Gupta, Emkay Global Financial Services
Quote on Rupee by Mr. Rahul Gupta, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
7/04/2021 5:43:33 PM
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services Below are Quote on Rupee By Mr. Rahul Gupta, Head Of Research- Currency, at Emkay Global Financial Services Next week is a truncated week with currency holidays, so we can expect market participation to be muted. At this point fx market is trying to get some more global news that will be the next catalyst. So, unless any nation stops the vaccine rollout, the rapid vaccination drive by the US will keep the risk appetite higher. However, lockdown in Europe and upbeat US data w...
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
Quote on Rupee By Mr. Rahul Gupta, Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
26/03/2021 4:07:25 PM
The coronavirus fears are resurfacing as cases have started By Rahul Gupta, Emkay Global Below are Views On The coronavirus fears are resurfacing as cases have started By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services “The coronavirus fears are resurfacing as cases have started to tick up all over the world. This is dampening the reopening and recovery optimism and will keep the safe-haven dollar demand intact. However there is IPO euphoria in the market which is keeping the spot below 73 levels. Until the spot is trading belo...
The coronavirus fears are resurfacing as cases have started By Rahul Gupta, Emkay Global
The coronavirus fears are resurfacing as cases have started By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Service Ltd
24/03/2021 5:53:20 PM
The trading in USDINR spot is very lackluster ahead of the Fed`s outcome By Rahul Gupta, Emkay Global Below are Views On The trading in USDINR spot is very lackluster ahead of the Fed`s outcome By Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services “The trading in USDINR spot is very lackluster ahead of the Fed’s outcome. The forex market will react to this FOMC policy only through the prism of US Treasuries. If Powell presents a dovish narrative then we may see a modest gain in the emerging market currencies later this week. However, any ...
The trading in USDINR spot is very lackluster ahead of the Fed`s outcome By Rahul Gupta, Emkay Global
The trading in USDINR spot is very lackluster ahead of the Fed`s outcome By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Service Ltd
17/03/2021 4:46:30 PM
With Biden passing the $1.9 trillion fiscal stimulus package By Rahul Gupta, Emkay Global Below are Views On With Biden passing the $1.9 trillion fiscal stimulus package By Mr. Rahul Gupta, Head Of Research- Currency, Emkay Global Financial Services "With Biden passing the $1.9 trillion fiscal stimulus package, the question arises whether the US economy is still in need of an additional monetary policy support. Or like ECB policy, the Fed can also increase the volume of bond buying in order to calm the rising US yields. So next week’s Fed policy outcome is ...
With Biden passing the $1.9 trillion fiscal stimulus package By Rahul Gupta, Emkay Global
With Biden passing the $1.9 trillion fiscal stimulus package By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
12/03/2021 5:14:31 PM
Equities are charged on `risk-on` tone as countries By Rahul Gupta, Emkay Global Below are Views On Equities are charged on ‘risk-on’ tone as countries By Mr. Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services “Across the globe, equities are charged on ‘risk-on’ tone as countries and regions are rolling out vaccines and easing lockdown restrictions. This optimism has pushed Indian rupee to surge to 72.57, highest level since Mar 3, 2020. The trading range has shifted to 72.00-73 and RBI seems to be comfortable wit...
Equities are charged on `risk-on` tone as countries By Rahul Gupta, Emkay Global
Equities are charged on `risk-on` tone as countries By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
15/02/2021 4:48:04 PM
USDINR Spot hit a low of 72.70 which is the crucial support zone By Rahul Gupta, Emkay Global Below are Views On USDINR Spot hit a low of 72.70 which is the crucial support zone By Mr. Rahul Gupta, Head Of Research-Currency, Emkay Global Financial Services “We have seen Rupee to appreciate immediately after the news that India’s defence minister stated they reached agreement with China to disengage troops from Pangong TSO lake area on disputed border. USDINR Spot hit a low of 72.70 which is the crucial support zone and if it consistently trades below 72.70 the...
USDINR Spot hit a low of 72.70 which is the crucial support zone By Rahul Gupta, Emkay Global
USDINR Spot hit a low of 72.70 which is the crucial support zone By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
11/02/2021 2:25:38 PM
The USDINR spot is not breaking the narrow range of 72.75-73.20 By Rahul Gupta, Emkay Global Below are Views On The USDINR spot is not breaking the narrow range of 72.75-73.20 By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services “The USDINR spot is not breaking the narrow range of 72.75-73.20. Right now, the market is very flat and volatility is muted. The bullish sentiments and inflows into local stocks confines the advance in rupee, but for that RBI’s protection around 72.75-73 zone should end. Traders are waiting for RBI policy o...
The USDINR spot is not breaking the narrow range of 72.75-73.20 By Rahul Gupta, Emkay Global
The USDINR spot is not breaking the narrow range of 72.75-73.20 By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
3/02/2021 5:32:14 PM
The volatility in FX will increase as there is an event risk ahead of budget and RBI policy By Rahul Gupta, Emkay Global Below are Views On The volatility in FX will increase as there is an event risk ahead of budget and RBI policy By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services "The volatility in FX will increase as there is an event risk ahead of budget and RBI policy. As long coronavirus risk prevails, it is obvious that fiscal deficit for the current year will widen, and overall the budget has to be expansionary. In absence of additional growth measure, a kn...
The volatility in FX will increase as there is an event risk ahead of budget and RBI policy By Rahul Gupta, Emkay Global
The volatility in FX will increase as there is an event risk ahead of budget and RBI policy By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
30/01/2021 9:38:48 AM
The currency market is trading in a very tight range By Rahul Gupta, Emkay Global Below are Views On The currency market is trading in a very tight range By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services "The currency market is trading in a very tight range, and there is no volatility to keep it on an edge. Next week is FOMC policy and Fed will keep the easy monetary policy, keeping dollar subdued. The optimism over growth is still high but if there are delays in vaccine rollout then the immediate impact will be some upside i...
The currency market is trading in a very tight range By Rahul Gupta, Emkay Global
The currency market is trading in a very tight range By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
22/01/2021 4:42:07 PM
The hopes of further stimulus under the Biden`s administration By Rahul Gupta, Emkay Global Below are Views On The hopes of further stimulus under the Biden’s administration By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services "The hopes of further stimulus under the Biden’s administration is keeping all emerging market currencies including rupee on positive note. Also, we have IPO subscriptions this week, which are adding further support to the rupee rally. Although, Biden at his oath ceremony didn’t mention whether he ...
The hopes of further stimulus under the Biden`s administration By Rahul Gupta, Emkay Global
The hopes of further stimulus under the Biden`s administration By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
21/01/2021 2:18:11 PM
The USDINR bulls have taken a breather after Yellen`s remarks By Rahul Gupta, Emkay Global Below are Views On The USDINR bulls have taken a breather after Yellen's remarks By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services "The USDINR bulls have taken a breather after Yellen's remarks on pushing for a fiscal stimulus package which is eventually going to increase inflation. The focus of the market is on Biden's inauguration for clues about his agenda in the first 100 days and whether he announces countrywide lockdown or cont...
The USDINR bulls have taken a breather after Yellen`s remarks By Rahul Gupta, Emkay Global
The USDINR bulls have taken a breather after Yellen`s remarks By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
20/01/2021 4:28:32 PM
The movement in USDINR spot is in tandem with other Asian peers By Rahul Gupta, Emkay Global Below are Views On The movement in USDINR spot is in tandem with other Asian peers By Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services "The movement in USDINR spot is in tandem with other Asian peers and going ahead the optimism over US stimulus package will keep it lower. This week, we didn't see much volatility, also RBI 's participation in spot was subdued however next week we can expect volatility to pick up ahead of Biden's oath t...
The movement in USDINR spot is in tandem with other Asian peers By Rahul Gupta, Emkay Global
The movement in USDINR spot is in tandem with other Asian peers By Rahul Gupta, Emkay Global
Source: Emkay Global Financial Services Ltd
15/01/2021 5:57:59 PM
Quote on Rupee by Mr. Rahul Gupta, Emkay Global Financial Services Below is the Quote on Rupee by Mr. Rahul Gupta, Head of Research- Currency, Emkay Global Financial Services:   The year 2020 has been historically a tough year as pandemic came upon us with such an unexpected force. The volatility and uncertainty sparked by COVID-19 pushed USDINR to hit a record high of 76.90, but infusion of excess liquidity by both government and central bank across the global supported the risk appetite and reversed the uptrend in spot to 72.75.  ...
Quote on Rupee by Mr. Rahul Gupta, Emkay Global Financial Services
Quote on Rupee by Mr. Rahul Gupta, Emkay Global Financial Services
Source: Emkay Global Financial Services
23/12/2020 4:48:01 PM