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Currency Commentary: We expect the USDINR(Spot) to trade sideways and quote in the range of 81.80 and 82.50 Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services Currency Commentary For 23 June 2023 By Mr. Gaurang Somaiya, Forex & Bullion Analyst Motilal Oswal Financial Services   ‘Rupee traded in a narrow range and volatility remained evn after the Fed Chairman's testimony Fed Chairman mentioned that concerns over inflation remain and that led to strength in the dollar Euro and pound fell sharply after preliminary manufacturing PMI came in below estimates Today focus will be on the preliminar...
Currency Commentary: We expect the USDINR(Spot) to trade sideways and quote in the range of 81.80 and 82.50 Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Currency Commentary: We expect the USDINR(Spot) to trade sideways and quote in the range of 81.80 and 82.50 Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
23/06/2023 5:08:13 PM
Perspective on Rupee by Mr. Gaurang Somaiya, Motilal Oswal Financial Services Below is Perspective on Rupee By Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee rose sharply as the dollar plunged against its major crosses. Weaker-than-expected economic data from the US led to retracement in the dollar. Expectation is that the Federal Reserve will slow the pace of its rate hiking cycle. This  sent the euro back above parity with the greenback for the first time in a month. Pound extended its gains on...
Perspective on Rupee by Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Perspective on Rupee by Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
27/10/2022 6:02:13 PM
Perspective on Rupee by Mr. Gaurang Somaiya, Motilal Oswal Financial Services. Below is Perspective on Rupee By Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee falls to fresh all-time lows as the dollar strengthens across the board. Hawkish Fed outlook, political instability in China and sell-off in pound after the tax cut announcement is also disturbing the overall market sentiment. This week, RBI will release its policy statement and this is likely to influence the rupee that is currently falling sharply against ...
Perspective on Rupee by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Perspective on Rupee by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services Ltd
26/09/2022 5:16:54 PM
Currency Commentary: This week focus will be on the employment number Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services Currency Commentary For 29 August 2022 By Mr. Gaurang Somaiya, Forex & Bullion Analyst Motilal Oswal Financial Services “Rupee fell to fresh all-time lows after hawkish comments from the Fed Chairman at the Jackson Hole symposium. Fed Chaiman said the U.S. economy will need tight monetary policy "for some time" before inflation is under control. Powell gave no indication on Friday of how high rates might rise before the Fed is finished, only that they will go ...
Currency Commentary: This week focus will be on the employment number Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Currency Commentary: This week focus will be on the employment number Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
29/08/2022 5:30:42 PM
Perspective on US Fed Statement By Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services Perspective on US Fed Statement By Mr. Gaurang Somaiya, Forex & Bullion Analyst Motilal Oswal Financial Services “Fed Chairman at the Jackson Hole symposium  mentioned that higher inflation is likely to bring some pain to household and businesses. He added that US economy would continue to show strong underlying momentum and also pledged that the central bank will “use our tools forcefully” to attack inflation. On interest rates the Fed will be dependen...
Perspective on US Fed Statement By Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Perspective on US Fed Statement By Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
27/08/2022 2:44:30 PM
Perspective on Expectations from US Fed Meet By Mr. Gaurang Somaiya, Motilal Oswal Financial Services Perspective on Expectations from US Fed Meet By Mr. Gaurang Somaiya, Forex & Bullion Analyst Motilal Oswal Financial Services “Market participants will be keenly keeping an eye on the advance reading of second quarter of GDP and a negative number could reaffirm expectation of a slowdown in the US economy. GDP has contracted in the last quarter and another quarter of contraction could put the economy on the brink of recession. The Fed could consider raising rates thrice ...
Perspective on Expectations from US Fed Meet By Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Perspective on Expectations from US Fed Meet By Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
26/07/2022 1:39:04 PM
Perspective on Rupee hitting a record low today of 80/$ level By Mr. Gaurang Somaiya, Motilal Oswal Financial Services Perspective on Rupee hitting a record low today of 80/$ level By Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services Ltd “Rupee fell as broader strengthen in the dollar continued ahead of the important FOMC policy statement that will be released next week. Expectation is that the Fed could raise rates by another 75bps and maintain a hawkish stance. On the domestic front, trade deficit continued to widen and that also is weighing on the rupee. ...
Perspective on Rupee hitting a record low today of 80/$ level By Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Perspective on Rupee hitting a record low today of 80/$ level By Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
19/07/2022 12:24:59 PM
Currency Commentary : Rupee fell to fresh all-time lows following broad strength in the dollar Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services. Below is Currency Commentary 29 June 2022 by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee fell to fresh all-time lows following broad strength in the dollar against its major crosses. Dollar rose despite  consumer confidence number released from the US came in below estimates. Euro and pound consolidated in a narrow range ahead of major central bank governor's statement. Today focus will be on the final GDP num...
Currency Commentary : Rupee fell to fresh all-time lows following broad strength in the dollar Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Currency Commentary : Rupee fell to fresh all-time lows following broad strength in the dollar Says Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services Ltd
29/06/2022 5:37:05 PM
Currency commentary 22 May 2022 by Mr. Gaurang Somaiya, Motilal Oswal Financial Services Below is currency commentary  22 May 2022 by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. Rupee fell towards fresh all time lows especially as the dollar rose against its major crosses. The greenback rose ahead of the Fed Chairman’s testimony. Expectation is that the commentary could be hawkish and that could support the dollar at lower levels. Pound fell sharply after UK CPI in May came in line with estimates. We expect the US...
Currency commentary 22 May 2022 by Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Currency commentary 22 May 2022 by Mr. Gaurang Somaiya, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
22/06/2022 4:42:14 PM
Perspective on `Rupee falling`  by Mr. Gaurang Somaiya, Motilal Oswal Financial Services. Below is perspective on `Rupee falling`  by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. “Rupee hit its fresh all time low but in the last few sessions has been very resilient and is consolidating in a narrow range despite volatility in domestic and global equities  and strength in the dollar against its major crosses. On the domestic front, RBI has been very actively intervening and curtailing the volatility for the rupee. G...
Perspective on `Rupee falling`  by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Perspective on `Rupee falling`  by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services Ltd
11/06/2022 5:25:37 PM
Currency commentary 19 May 2022 by Mr. Gaurang Somaiya, Motilal Oswal Financial Services. Below is currency commentary  19 May 2022 by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. “Rupee consolidated in a narrow range despite sharp sell-off in domestic and global equities. Dollar too retraced from higher levels after economic number released from the US came below estimates. Housing numbers released from the US yesterday came in below estimates. On the other hand, Japanese Yen rose following safe haven buying as uncert...
Currency commentary 19 May 2022 by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Currency commentary 19 May 2022 by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services Ltd
19/05/2022 3:48:58 PM
Quote on Rupee hitting an all-time low By Mr. Gaurang Somaiya, Motilal Oswal Financial Services. Below is quote on Rupee hitting an all-time low by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. “Rupee fell fresh all-time low as broader strength in the dollar continued and also as global crude oil prices continued to trade higher. Last week's inflation number  released on the domestic front and from the US came in higher that disturbed the overall market sentiment. We expect the momentum for the USDINR to remain p...
Quote on Rupee hitting an all-time low By Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Quote on Rupee hitting an all-time low By Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services Ltd
17/05/2022 3:23:29 PM
Currency commentary by Mr. Gaurang Somaiya, Motilal Oswal Financial Services. Below is currency commentary by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. “Rupee fell to fresh all-time lows today as the dollar rose broadly against its major crosses. Last week's central bank policy action led to heightened volatility in most of the currencies. Stronger dollar and sustained upmove in global crude oil price is weighing on the overall market sentiment. This week, focus will be on the inflation number that will b...
Currency commentary by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Currency commentary by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services Ltd
9/05/2022 6:03:57 PM
Currency commentary by Mr. Gaurang Somaiya, Motilal Oswal Financial Services. Below is currency commentary by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. “In his surprise announcement, the RBI governor raised policy repo rate by 40 bps with immediate effect and also announced to hike CRR by 50bps. CRR hike would be effective from 21st May and would withdraw Rs.87,000 crore from the system. The governor said that interest rate hike aimed at strengthening, consolidating medium-term economic growth prospects. Over...
Currency commentary by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Currency commentary by Mr. Gaurang Somaiya, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services Ltd
4/05/2022 4:18:40 PM
Commentary by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services. “Rupee continued to remain under pressure and fell to fresh all-time lows following rising uncertainty between Russia and Ukraine and rally in global crude oil prices. Momentum has been towards rupee depreciation for the past few sessions as market participants remain on the edge following geopolitical tensions. This week, on the domestic front, industrial production number will be important to watch and that could trigger volatility for the currency. We expect the USDINR (Spot) to trad...
Commentary by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.
Commentary by Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.
Source: Motilal Oswal Financial Services
7/03/2022 6:49:01 PM
Currency Update 11 February 2022 by Mr. Gaurang Somaiya, Motilal Oswal Below is the Currency Update 11 February 2022 by Mr. Gaurang Somaiya, Motilal Oswal Financial Services Ltd “Rupee fell against the US dollar after inflation in the US rose sharply in January. U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a big jump in interest rate from the Federal Reserve next month. Dollar has gained against its major crosses following an uptick in inflation. ...
Currency Update 11 February 2022 by Mr. Gaurang Somaiya, Motilal Oswal
Currency Update 11 February 2022 by Mr. Gaurang Somaiya, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
11/02/2022 6:03:09 PM
Currency Commentary 28th December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services Below is the Daily Currency Commentary 28th December 2021 by Mr. Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services “In the last few sessions, movement in the rupee has been led by RBI intervention and weakness in the dollar index. Most market participants have been on the sidelines on account of Christmas and New Year holidays suggests that the move has been on the back of thin volumes. This week, on the global front, no maj...
Currency Commentary 28th December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Currency Commentary 28th December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
28/12/2021 5:28:43 PM
Year Ender Currency Outlook 2021 By Mr. Gaurang Somaiya, Motilal Oswal Below is the Year Ender Currency Outlook 2021 By Mr. Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee in 2021 consolidated in a broad range of 72.50 and 75, but just before the year-end, it surpassed the barrier and hit a high of 76.50. Suspected RBI intervention kept the volatility in control and led to stabilising the currency. The central bank has played a major role in curtailing the volatility of the rupee and, at the same...
Year Ender Currency Outlook 2021 By Mr. Gaurang Somaiya, Motilal Oswal
Year Ender Currency Outlook 2021 By Mr. Gaurang Somaiya, Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/12/2021 3:12:07 PM
Currency Commentary 27th December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services Below is the Daily Currency Commentary 27th December 2021 by Mr. Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee appreciated for the whole week primarily on back of suspected RBI intervention after the Federal Reserve decided to increase its pace of tapering in its last policy meeting. The Federal Reserve doubled the pace of tapering and paved the way for three quarter-percentage-point interest rate hikes by the end...
Currency Commentary 27th December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Currency Commentary 27th December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
27/12/2021 3:19:10 PM
Currency Commentary 14 December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services Below is the Daily Currency Commentary 14 December 2021 by Mr. Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee continued to remain under pressure following weakness in domestic equities and strength in the dollar against its major crosses. Weakness in the currency extended as market participants expect that the Federal Reserve in its upcoming meeting could increase the pace of tapering. At the same time, ECB and the BoE ...
Currency Commentary 14 December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Currency Commentary 14 December 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/12/2021 5:44:21 PM
Quote on Currency Commentary 6th October, 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services Below is quote on Currency Commentary 6th October, 2021 by Mr. Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee fell sharply primarily on the back of weakness in domestic and global equities and also as the dollar rose to fresh one-year level. Market participants remain cautious also ahead of the important RBI policy statement that is scheduled to be released this Friday. Any concerns over higher inflation in India in the...
Quote on Currency Commentary 6th October, 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Quote on Currency Commentary 6th October, 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
6/10/2021 5:42:07 PM
The daily currency commentary 20 August 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services Below is the daily currency commentary 20th August, 2021 by Mr. Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services. “Rupee fell in the opening session as the dollar rose sharply against the US dollar after the release of FOMC meeting minutes that showed Fed members largely expect that later this year they will reduce the central bank's emergency monthly purchases. The minutes also magnified the importance of the next few monthly jobs re...
The daily currency commentary 20 August 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
The daily currency commentary 20 August 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/08/2021 5:12:19 PM
Daily Currency Commentary 17 June 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services Below are Quote on Daily Currency Commentary 17 June 2021 by Mr. Gaurang Somaiyaa, Forex & Bullion Analyst, Motilal Oswal Financial Services “Rupee fell sharply in today’s session after the Federal Reserve released its policy statement, wherein it held rates unchanged but turned a little hawkish in its commentary. The Federal Reserve Chairman said that there had also been initial discussions about when to pull back on the Fed's $120 billion...
Daily Currency Commentary 17 June 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Daily Currency Commentary 17 June 2021 by Mr. Gaurang Somaiyaa, Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
17/06/2021 5:58:04 PM