News

Positive outlook for banks: All-time low NPAs, higher profits, resilient credit offtake The year 2022 was really a Happy Year for the Indian banks -- both government and private. The banks enjoyed arbitrage between the lending and deposit rates, higher credit demand, lower loan provisions (government-owned banks posted handsome profits) and others. The year also saw mergers and acquisitions (M&A) in the sector with housing finance major HDFC Ltd deciding to merge with HDFC Bank Ltd, Axis Bank acquisition of Citibank's consumer banking business, and the government a...
Positive outlook for banks: All-time low NPAs, higher profits, resilient credit offtake
Positive outlook for banks: All-time low NPAs, higher profits, resilient credit offtake
Source: IANS
31/12/2022 10:25:17 AM
Indian markets may see FPI revival after worst-ever selloff in 2022 Foreign investors' selloff in Indian equities was the biggest on record in 2022, dragging the benchmark indexes to their smallest annual gain in four years, but analysts expect purchases by cross-border investors to rebound next year. Foreign portfolio investors (FPIs) sold 1,219.08 billion rupees ($14.73 billion) worth of Indian equities in 2022, till Dec. 29, the biggest selloff in Indian shares in a year since 1993, when data became available. Volatility in equities triggered by ...
Indian markets may see FPI revival after worst-ever selloff in 2022
Indian markets may see FPI revival after worst-ever selloff in 2022
Source: Reuters
31/12/2022 9:28:50 AM
Rupee marginally lower, forward premiums hover at 1-month high The Indian rupee posted a moderate decline against the dollar on Friday amid thin trading volumes, while forward premiums held near the highest level in a month. The rupee last traded at 82.81 to the U.S. dollar, compared with 82.7550 in the previous session. The volumes on the interbank order matching system were at $4.2 billion, down from the 7-day daily average of $5.6 billion. The 1-year USD/INR forward implied yield was little changed at 2.07%, having climbed almost 30 basis points...
Rupee marginally lower, forward premiums hover at 1-month high
Rupee marginally lower, forward premiums hover at 1-month high
Source: Reuters
21/12/2022 12:22:05 PM
Growth of bank deposits slowed down in FY2022 The growth of bank deposits across the market have slowed down to 10 per cent year-on-year (YoY) as per the Reserve Bank of India's (RBI) data, said Kotak Securities Ltd in a report. According to the report, there is a perceptible slowdown in the bank deposit growth in metropolitan, semi-urban and rural India with household savings being relatively weak. Further the bank branch expansion has slowed down mainly by the public sector banks. The report said private banks continue to ...
Growth of bank deposits slowed down in FY2022
Growth of bank deposits slowed down in FY2022
Source: IANS
7/10/2022 4:11:02 PM
Slow recovery of low income households slowed down India's economic recovery  The slow economic recovery of the low income households post Covid-19 pandemic has resulted in the overall economic recovery of the country, said Kotak Securities Ltd. In a research report, Kotak Securities said, post Covid-19 pandemic, India's economic recovery seems to be lukewarm on a three-year compounded annual growth rate (CAGR) basis. The major economic parameters reveal slow post-pandemic recovery, with gross domestic product (GDP), goods and services tax (GST) collect...
Slow recovery of low income households slowed down India's economic recovery
Slow recovery of low income households slowed down India's economic recovery
Source: IANS
4/10/2022 2:19:29 PM
RBI does not have fixed dollar-rupee exchange rate: RBI Governor The Reserve Bank of India (RBI) does not have any fixed dollar-rupee exchange rate and its market interventions are to curb excessive volatility, said Governor Shaktikanta Das. He also said the aspect of adequacy of forex reserves is always kept in mind while RBI intervenes in the forex market. The umbrella continues to be strong. Announcing the Monetary Policy statement on Friday Das said during the current financial year (up to September 28), the US dollar has appreciated by 14.5 per ...
RBI does not have fixed dollar-rupee exchange rate: RBI Governor
RBI does not have fixed dollar-rupee exchange rate: RBI Governor
Source: IANS
30/09/2022 2:24:50 PM
Muted 12% premium growth for Indian non-life sector: Kotak Securities The month of August saw the Indian non-life insurance sector logging a muted 12 per cent premium growth, Kotak Securities said in a report. According to the report, the sector's growth was the lowest in the last five months. "While motor (vehicle insurance) was muted at 12 per cent, retail health was higher at 19 per cent yoy (year-on-year). With a single-digit base ahead, we expect the motor business to pick up (20 per cent year to date- YTD). Retail health, up 14 per cent YTD...
Muted 12% premium growth for Indian non-life sector: Kotak Securities
Muted 12% premium growth for Indian non-life sector: Kotak Securities
Source: IANS
23/09/2022 10:47:17 AM
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities Mahindra Lifespaces to buy land parcels with Rs 3k-crore sales value Realty firm Mahindra Lifespace Developers is looking to acquire a few land parcels this fiscal to build housing projects with sales potential of Rs 3,000- 4,000 crore, a top company official said. The company will acquire these land parcels either through outright purchase or by forming Joint Development Agreements (JDAs) with landowners.   Redington India to retail iPhone 14, Apple Watch series 8 across locati...
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities
Key Stock News: Mahindra Lifespaces, Redington India, Reliance Infrastructure, Jindal Stainless, Kotak Securities, Air India - ARETE Securities
Source: ARETE Securities Ltd
12/09/2022 10:13:26 AM
Reliance Retail begins appointing super-stockists to distribute its private label products in multiple FMCG categories Reliance Retail (RR) has begun appointing super-stockists to distribute its private label products in multiple FMCG categories, Kotak Securities said in a report. Reliance Retail already has a wide range of private labels across several entry-level food and non-food FMCG categories and will likely acquire more brands. "We believe own FMCG sales can add a margin layer to the overall Jiomart business", the report said. In its AGM held on August 29, 2022, Reliance Retail announce...
Reliance Retail begins appointing super-stockists to distribute its private label products in multiple FMCG categories
Reliance Retail begins appointing super-stockists to distribute its private label products in multiple FMCG categories
Source: IANS
4/09/2022 1:56:07 PM
New taxes to hurt disinvestment plans, corporate profits, investment climate: Kotak Securities  While the new or hike in tax rates on some sectors may increase the government's revenues and fight inflation, it will also hurt corporate profits, market capitalisation, disinvestment plans and India's overall investment climate, said Kotak Securities Ltd. In a research report, Kotak Securities said the bulk of the recent earnings downgrades are largely because of the export taxes on steel, diesel, petrol and additional excise duty on crude oil and hoped that such measures a...
New taxes to hurt disinvestment plans, corporate profits, investment climate: Kotak Securities
New taxes to hurt disinvestment plans, corporate profits, investment climate: Kotak Securities
Source: IANS
5/07/2022 2:15:31 PM
MSP hike unlikely to boost much rural demand, says Kotak Securities A hike in Minimum Support Prices (MSP) for the kharif crops were quite subdued on the back of Commission for Agricultural Costs & Prices' estimated cost increases, and it is not a real boost for the rural demand, said brokerage house Kotak Securities in a report. The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the increase in the Minimum Support Prices (MSP) for all mandated Kharif crops for marketing season 2022-23 by 4-9 per cent. "This (hike) bodes...
MSP hike unlikely to boost much rural demand, says Kotak Securities
MSP hike unlikely to boost much rural demand, says Kotak Securities
Source: IANS
9/06/2022 3:03:24 PM
Health insurance is complex, challenging for life insurers: Kotak Securities Health insurance is a complex and high engagement product and may be a challenging business for life insurers, said Kotak Securities Ltd in a report. The report was referring to a news report about a committee set up by the Insurance Regulatory and Development Authority of India (IRDAI) may recommend allowing life insurers to sell indemnity (simply expense reimbursable) health insurance policies. As per current regulations, life insurance companies are permitted health benefit/lumpsum b...
Health insurance is complex, challenging for life insurers: Kotak Securities
Health insurance is complex, challenging for life insurers: Kotak Securities
Source: IANS
25/05/2022 7:15:56 PM
FPIs sold $14 bln equities in Q1 2022, DIIs bought matching amount Foreign portfolio investors (FPIs) have sold around $14 billion worth of equities in the secondary market in the quarter that ended in March 2022, said Kotak Securities in a report. FPIs offloaded stocks in banks, diversified financials and IT services. On the flip side, domestic institutional investors (DIIs) bought around $14 bn worth of equities during the March quarter. Accordingly, DIIs bought banks, diversified financials and IT services stocks. "FPI holding in the BSE-...
FPIs sold $14 bln equities in Q1 2022, DIIs bought matching amount
FPIs sold $14 bln equities in Q1 2022, DIIs bought matching amount
Source: IANS
13/05/2022 4:27:13 PM
Evening Currency Update 13 April 2022 by Anindya Banerjee, Kotak Securities   Below is quote on Evening Currency Update 13 April 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities “USDINR spot closed 4 paise higher at 76.17, in a listless trading day. Traders were not eager to bet on either side of the market ahead of the long weekend. Over the near term USDINR can remain rangebound between 75.80 and 76.40 on spot.” Above views are of the author and not of the website kindly read discla...
Evening Currency Update 13 April 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 13 April 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
13/04/2022 4:40:19 PM
Evening Currency Update 07 April 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 07 April 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities “USDINR spot closed 20 paise higher at 75.96 on spot due to hawkish US FOMC minutes. The US Fed has hinted at a few 50 bps rate hikes and also nearly $100 billion per month of balance sheet reduction. This can be termed as quite hawkish and sets the stage for a stronger US Dollar over the medium term. Oil prices have come-off an...
Evening Currency Update 07 April 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 07 April 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
7/04/2022 5:24:44 PM
Evening Currency Update 05 April 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 05 April 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR spot closed 22 paise lower at 75.32, lowest levels since Feb28th. Exporter selling and lumpy corporates were major drivers of Rupee appreciation. With oil prices stable, Rupee is seeing some FPI inflows as well. Over this week there are two major events: US FOMC minutes tomorrow night and then on Friday is RBI. We could see vol...
Evening Currency Update 05 April 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 05 April 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
5/04/2022 6:06:29 PM
Evening Currency Update 28 March 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 28 March 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR spot closed 3 paise lower at 76.15. Year end selling from corporates was absorbed by bids from oil marketing companies. Over the near term, USDINR is expected to remain range bound between 75.75 and 76.50 Above views are of the author and not of the website kindly read disclaimer  
Evening Currency Update 28 March 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 28 March 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
28/03/2022 5:07:23 PM
Evening Currency Update 11 March 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 11 March 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities The USDINR spot closed 28 paise higher at 76.59 on the back of rebound in oil prices and hopes of a hawkish US Fed next week. Next US central bank is expected to raise rates. There has been some short covering in USD ahead of that. Over the next week, oil prices and the US Fed will drive USDINR. We expect a broad range of 76 and 77 on spot...
Evening Currency Update 11 March 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 11 March 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
11/03/2022 5:14:58 PM
Evening Currency Update 10 March 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 10 March 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR spot closed 25 paise lower at 76.30 on the back of long liquidation as sentiments improved due to fall in oil prices and strong show by BJP in state elections. However, Rupee is not out of the woods, as oil prices remain well supported above 100 dollars on Brent. We expect a range bound play over the near term between 76 and 77 on s...
Evening Currency Update 10 March 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 10 March 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
10/03/2022 5:04:16 PM
Evening Currency Updates By Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd Evening Currency Updates By Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd " The USDINR spot closed at an all time high near 77.96. Oil prices shock, rise in US Dollar Index and relentless FPI outflow in the equity market caused Rupee to fall towards an all time low. However, aggressive intervention from RBI has kept volatility low. We expect the Rupee to remain under pressure till oil prices fall. However, volatility will be very h...
Evening Currency Updates By Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd
Evening Currency Updates By Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives at Kotak Securities Ltd
Source: Kotak Securities
7/03/2022 7:21:10 PM
Evening Currency Update 03 February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 03 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities "USDINR spot closed 21 paise higher at 75.91, highest levels since December 20th. Thanks to surging oil prices and falling stock market, Rupee depreciated against the US Dollar. We suspect RBI has been intervening aggressively and that may have prevented a bigger drop in Rupee. Over the near term, we expect USDINR to trade with an ...
Evening Currency Update 03 February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 03 February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
3/03/2022 4:55:56 PM
Taking stock: Banks participate in the market decline - Kotak Securities Taking stock: Banks participate in the market decline. NIFTY Bank index declined NIFTY Bank index declined 5% in February 2022, led by select PSU banks, SFBs and regional private banks – the same set which drove the rally in the previous month. Stocks of fintechs, insurers and capital market entities under-performed. Payment activity continues to be strong. Loan growth was steady at ~8% yoy led by retail and MSME. The interest rate environment is starting to turn on the upside as yie...
Taking stock: Banks participate in the market decline - Kotak Securities
Taking stock: Banks participate in the market decline - Kotak Securities
Source: Kotak Securities
3/03/2022 10:55:57 AM
Evening Currency Update 23 February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 23 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities " The USDINR spot closed 32 paise lower at 74.55, retracing almost the entire Russia-Ukraine related rally over the last two trading sessions. Improvement in risk appetite, softer oil prices, strong Chinese Yuan and strong corporate flows kept the pair under pressure. Over the near term we expect USDINR to trade within a broad...
Evening Currency Update 23 February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 23 February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
23/02/2022 5:19:14 PM
Evening Currency Update 21 February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 21 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR spot closed 15 paise lower at 74.50, due to exporter sales and carry trade bets. Global risk sentiment remain fragile and USDINR may also face stiff RBI intervention at lower levels. Therefore we expect USDINR to slip into a range over the near term: 74.30-74.80 on spot.   Above views are of the author and not of the w...
Evening Currency Update 21 February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 21 February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
21/02/2022 5:35:23 PM
Evening Currency Update 17February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 17 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities " USDINR spot closed flat near 75.10 levels. Inspite of the war of words between Russia and Ukraine and NATO, USDINR remained in a non-trending phase. Bids from PSUs absorbed whatever inflows happened from corporates. Over the near term, USDINR may remain range bound within 74.70 and 75.35 on spot, due to lack of fresh trigger...
Evening Currency Update 17February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 17February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
17/02/2022 5:25:38 PM
Evening Currency Update 14 February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 14 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities “The USDINR spot closed 22 paise higher at 75.59 as traders bought $ on account of rising oil and weak equity markets. Oil demand from PSU oil companies was heard too. However, strong corporate inflows capped the advance and some PSU banks heard of the offer. Over the near term, oil and equity markets will drive USDINR. We ex...
Evening Currency Update 14 February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 14 February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
14/02/2022 5:20:19 PM
Evening Currency Update 09 February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 09 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities One more lackluster day of trading in USDINR as the spot closed 6 paise higher at 74.80. Volumes remained lower than usual ahead of RBI monetary policy tomorrow. Rupee requires a hawkish policy to appreciate but a dovish continuation from RBI can be slightly negative for Rupee. We expect RBI to maintain a status quo on rates with a...
Evening Currency Update 09 February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 09 February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
9/02/2022 5:00:10 PM
Evening Currency Update 08 February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 08 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR spot closed 5 paise higher at 74.74 as traders remain on sidelines ahead of RBI monetary policy. RBI needs to deliver a hawkish policy, or else the growing headwinds: (i) Oil prices (ii) relentless FPI outflows (iii) extremely hawkish pricing of G3 central banks can drive USDINR back above 75 levels, post policy. Over the ne...
Evening Currency Update 08 February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 08 February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
8/02/2022 5:25:50 PM
The government has budgeted a 24% increase in capital expenditure - Kotak Securities Budget: Key takeaways * Fiscal deficit pegged at 6.9% of FY22E GDP & 6.4% of FY23E GDP. This is well above average GFD/GDP of 3.8% in FY15-20. * Overall market borrowing is forecasted to go to Rs. 14.95 tn in FY23BE, much higher than Rs.10.47 tn in FY22RE. Net market borrowings is estimated at Rs.11.19 tn in FY23BE Vs Rs.77.58 tn in FY22RE. * Divestment target in FY23BE is Rs.650 bn; FY22RE divestment target lowered to Rs.780 bn. * The government has budgeted a 24% increa...
The government has budgeted a 24% increase in capital expenditure - Kotak Securities
The government has budgeted a 24% increase in capital expenditure - Kotak Securities
Source: Kotak Securities
2/02/2022 5:40:26 PM
Evening Currency Update 02 February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update  02 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities In lackluster trading, the USDINR spot closed 5 paise lower at 74.84. PSU banks were heard to be on the offer. Difficult to say whether they were doing the offer from the central bank but if RBI is on the offer then it could profit-taking move ahead of March year-end. High domestic bond yields and elevated oil prices are thre...
Evening Currency Update 02 February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 02 February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
2/02/2022 5:15:11 PM
Evening Currency Update 01 February 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update  01 February 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR converged with Bond yields but diverged from Nifty as the Union Budget was presented. 10-year bond yields were up 14 bps at 6.82 and the USDINR spot was up 17 paise at 74.80. The Union Budget offered a roadmap of continued strong CAPEX and reforms which should allow the nation to quality high growth. However, the same Budge...
Evening Currency Update 01 February 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 01 February 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
1/02/2022 6:09:48 PM
Evening Currency Update 31st January 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 31st January 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities Rupee appreciated in a big way today with spot USDINR closing 42 paise down at 74.61 levels, thanks to lumpy corporate $ flows. A sharp fall in GOIsec after news of Govt's switch announcement also helped the Rupee.  Tomorrow there is hope that the Budget will amend the tax laws to allow for the inclusion of GOIsecs in a g...
Evening Currency Update 31st January 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 31st January 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
31/01/2022 5:45:25 PM
Evening Currency Update 28 January 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 28 January 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities It was a cocktail of positive factors in play for USDINR this week. Spot closed nearly 1% higher at 75.04. On one hand, it was the US central bank striking a very hawkish tone and on the other, it was Brent crude oil prices trading near $90 a barrel, which caused a short-covering rally in USDINR. FPIs have been on a sell mode over the pa...
Evening Currency Update 28 January 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 28 January 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
28/01/2022 5:20:51 PM
NYMEX crude oil seen at $66-96 per bbl in Jan-Mar, says Kotak Securities Crude oil is expected to trade in a range of $66-96 per barrel on the New York Mercantile Exchange, which is considered as the global benchmark, brokerage Kotak Securities said in its quarterly outlook. Investors are advised to wait for a "corrective dip" before creating fresh long positions, it said. For crude oil on the Multi Commodity Exchange of India, prices are seen in a window of Rs 4,700-7,200. "While volatility may continue, general bias still remains positive...
NYMEX crude oil seen at $66-96 per bbl in Jan-Mar, says Kotak Securities
NYMEX crude oil seen at $66-96 per bbl in Jan-Mar, says Kotak Securities
Source: IANS
26/01/2022 7:38:48 PM
Evening Currency Update 21 January 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 21 January 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities "USDINR closed 13 paise lower at 73.90 on spot on the back of ongoing corporate $ sales, FPI inflows and carry trade selling. Rupee is trading at the highest levels since mid-November. We suspect RBI intervention may increase as USDINR is trading below 74. However, bias remains downward. Over the near term, we expect a range of 73.6...
Evening Currency Update 21 January 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 21 January 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
21/01/2022 5:11:45 PM
Evening Currency Update 19 January 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 19 January 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR witnessed a U-turn and closed 15 paise lower at 74.42 levels. Heavy dollar sales from PSUs triggered stop losses of speculators and pulled the pair down from 74.70 to 74.40 levels. Till Union Budget, 4 factors will keep USDINR volatile; crude oil prices at 7 year high, surging US real yields, stock market volatility, and hope...
Evening Currency Update 19 January 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 19 January 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
19/01/2022 5:56:28 PM
Evening Currency Update 13 January 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 13 January 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities "USDINR remained range bound in a narrow range day. Spot closed flat near 73.89. Suspected RBI intervention is preventing Rupee from appreciating. Risk on a rally in stock markets, lumpy $ inflows from corporates, and carry trade interest is keeping the Rupee bid. However, aggressive intervention from RBI would prevent any shar...
Evening Currency Update 13 January 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 13 January 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
13/01/2022 4:49:57 PM
Evening Currency Update 11 January 2022 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 11 January 2022 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities "USDINR closed 13 paise lower at 73.90 on spot on the back of ongoing corporate $ sales, FPI inflows and carry trade selling. Rupee is trading at the highest levels since mid-November. We suspect RBI intervention may increase as USDINR is trading below 74. However, bias remains downward. Over the near term, we expect a range of 73.6...
Evening Currency Update 11 January 2022 by Anindya Banerjee, Kotak Securities
Evening Currency Update 11 January 2022 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
11/01/2022 5:19:47 PM
Evening Currency Update 20 December 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 20 December 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR surprised many in the market by closing 18 paise lower at 75.90 on spot, after making a low of 75.83. Rupee appreciated on a day when global equity markets were under pressure and there were heavy selling of local stocks as well. Even the US Dollar index was trading higher. We suspect it may have been an aggressive inte...
Evening Currency Update 20 December 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 20 December 2021 by Anindya Banerjee, Kotak Securities
Source: PR Agency
20/12/2021 5:37:13 PM
Evening Currency Update 15 December 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 15 December 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR spot closed at a 20 month high at 76.23 on spot, up 37 paise for the day. Fear of a very hawkish US Fed prompted this move-in USDINR. It is not just the Rupee, even the Nifty closed in the red. The US Fed is expected to double the pace of taper tonight and also signal 2/3 hikes over the course of 2022. If the Fed does d...
Evening Currency Update 15 December 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 15 December 2021 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
15/12/2021 5:09:50 PM
Evening Currency Update 14 December 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 14 December 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities "USDINR spot closed 9 paise higher at 75.86, highest level since June 2020. Thanks to a combination of weak equity and stronger US Dollar Index, USDINR pushed higher. However the gains were limited as traders are staying away from making large bets ahead of the crucial US FOMC meeting tomorrow night. We expect a range bou...
Evening Currency Update 14 December 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 14 December 2021 by Anindya Banerjee, Kotak Securities
Source: PR Agency
14/12/2021 4:57:57 PM
Evening Currency Update 08 December 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 08 December 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities " The USDINR spot closed flat near 75.45 levels as RBI policy had little impact on USDINR. A bit of wobble was noticed post-policy as traders went long on policy divergence between dovish RBI and hawkish Fed, but thanks to lumpy corporate $ flows, it returned to unchanged by the close. Over the near term, the focus w...
Evening Currency Update 08 December 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 08 December 2021 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
8/12/2021 5:15:45 PM
Evening Currency Update 07 December 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 07 December 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities "USDINR spot closed flat at 75.42/43 levels. Lumpy corporate $ outflows blunted the positive impact from positive risk sentiments. Over the remainder of the week, USDINR may see volatility rise post RBI. However, the RBI may sound a little hawkish while maintaining the status quo on rates. A hawkish stance can fuel higher vola...
Evening Currency Update 07 December 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 07 December 2021 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
7/12/2021 5:40:15 PM
Evening Currency Update 06 December 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 06 December 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities “USDINR spot closed 25 paise higher at 75.42, on the back of weakness in equity markets and rising cases of OMICRON in India. Since 1st July, today is the third time the USDINR spot has closed above 75.40 levels. The last two times, there was no follow-through, but if the risk aversion persists, then USDINR can see furth...
Evening Currency Update 06 December 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 06 December 2021 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
6/12/2021 5:28:08 PM
Evening Currency Update 03 December 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 03 December 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities “The first half of the week was about the impact of the new COVID strain on markets and as a result risk sentiment soured and there was the unwinding of carry trade. But post US Fed chair’s testimony, where he sounded very hawkish with comments on faster tapering, it was the US Dollar Index which pushed higher. However,...
Evening Currency Update 03 December 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 03 December 2021 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
3/12/2021 6:00:45 PM
Evening Currency Update 29 November 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 29 November 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities USDINR closed above 75.00, 23 paise higher on spot on the back of risk aversion in equity markets. Some positive news emerging about Omicron has not allowed the risk aversion to intensify. Over this week, USDINR is going to be driven by trends in global equity markets and also inflows related to MSCI rebalancing and FPI flows ...
Evening Currency Update 29 November 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 29 November 2021 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
29/11/2021 5:39:56 PM
Evening Currency Update 25 November 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 25 November 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities “USDINR spot closed 11 paise higher at 74.51 in a day of listless trading. With US markets shut for the Thanksgiving holiday, volatility has been low. For the near term, USDINR is expected to trade within a range of 74.30 and 74.75 levels.”    Above views are of the author and not of the website kindly r...
Evening Currency Update 25 November 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 25 November 2021 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
25/11/2021 5:37:03 PM
Evening Currency Update 24 November 2021 by Anindya Banerjee, Kotak Securities Below is quote on Evening Currency Update 24 November 2021 by Anindya Banerjee, DVP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities “USDINR spot closed 3 paise lower at 74.39. Strong corporate inflows were noted and that led to a mild appreciation in the Rupee. Indian Rupee remains one of the strongest currencies in the world over the month of November, thanks to robust IPO flows, corporate flows and carry trading interest. We expect USDINR to trade withi...
Evening Currency Update 24 November 2021 by Anindya Banerjee, Kotak Securities
Evening Currency Update 24 November 2021 by Anindya Banerjee, Kotak Securities
Source: Kotak Securities
24/11/2021 5:00:02 PM