News

Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below The Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee weakened further, trading at 84.42 as the dollar scaled higher above 106.50. Escalating geopolitical tensions between Russia and Ukraine, with the war intensifying again, have contributed to a fresh wave of market sell-offs, adding downward pressure on the rupee. This negativity is expected to persist in the near term. The rupee's range is projected be...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-11-19 04:51:51 pm
Buy EURINR NOV @ 89.1 SL 88.9 TGT 89.3-89.5. - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.37-84.51. Rupee ended nearly unchanged supported by the central bank's market intervention. India's foreign exchange reserves declined for the sixth consecutive week to $675.65 billion RBI Governor Das stated that the Indian economy and financial sector are in a strong position.   SELL USDINR NOV @ 84.45 SL 84.55 TGT 84.35-84.28   EURINR Observations EURINR trading range for the d...
Buy EURINR NOV @ 89.1 SL 88.9 TGT 89.3-89.5. - Kedia Advisory
Buy EURINR NOV @ 89.1 SL 88.9 TGT 89.3-89.5. - Kedia Advisory
Source: Kedia Advisory
2024-11-19 09:54:51 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee showed strength, gaining 0.08 rupees to trade at 84.39, supported by a weakening dollar that failed to break above 107 and retreated to 106.45. This minor support for the rupee was further aided by a reduction in FII selling activity in recent days, with expectations that sell-off pressure will remain limited due to the upcoming state elections in Mahara...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-11-18 05:15:11 pm
Buy JPYINR Nov @ 54.2 SL 54 TGT 54.4-54.6 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.4-84.56. Rupee declined to an all-time low affected by continuous foreign fund withdrawals and robust dollar requirements from investors. Indian economy 'sailing smoothly' amid global challenges, says RBI Governor Shaktikanta Das India’s wholesale prices increased by 2.36% yoy in October 2024, after a 1.84% gain in September SELL USDINR NOV @ 84.52 SL 84.62 TGT 84.42-84.34.   EURINR Ob...
Buy JPYINR Nov @ 54.2 SL 54 TGT 54.4-54.6 - Kedia Advisory
Buy JPYINR Nov @ 54.2 SL 54 TGT 54.4-54.6 - Kedia Advisory
Source: Kedia Advisory
2024-11-18 11:05:35 am
Buy Euriner NOV @ 89.7 SL 89.5 TGT 89.9-90.1 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.38-84.48. Rupee fell pressured by the dollar's rise to a more than four-month peak and on likely outflows from local equities. The annual inflation rate in India soared to 6.21% in October of 2024 from 5.49% in the previous month State-run banks were spotted offering dollars, likely on behalf of the Reserve Bank of India. BUY USDINR NOV @ 84.4 SL 84.32 TGT 84.48-84.55.   EURINR Observations E...
Buy Euriner NOV @ 89.7 SL 89.5 TGT 89.9-90.1 - Kedia Advisory
Buy Euriner NOV @ 89.7 SL 89.5 TGT 89.9-90.1 - Kedia Advisory
Source: Kedia Advisory
2024-11-14 10:56:22 am
Buy GBPINR Nov @ 107.5 SL 107.2 TGT 107.8-108 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.38-84.48. Rupee fell pressured by the dollar's rise to a more than four-month peak and on likely outflows from local equities. The annual inflation rate in India soared to 6.21% in October of 2024 from 5.49% in the previous month State-run banks were spotted offering dollars, likely on behalf of the Reserve Bank of India. BUY USDINR NOV @ 84.4 SL 84.32 TGT 84.48-84.55.   EURINR Observations E...
Buy GBPINR Nov @ 107.5 SL 107.2 TGT 107.8-108 - Kedia Advisory
Buy GBPINR Nov @ 107.5 SL 107.2 TGT 107.8-108 - Kedia Advisory
Source: Kedia Advisory
2024-11-13 11:21:27 am
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory Precious and industrial metals faced a decline, driven by a strengthening U.S. dollar and concerns about global economic weakness. Silver dipped to its lowest in a month, pressured by a robust dollar and weak Chinese stimulus measures. Copper hit a two-month low amid underwhelming Chinese economic data and a tepid debt package. Gold fell to nearly a two-month low as reduced demand for safe-haven assets and strong dollar gains weighed on the market. Meanwhile, WTI crude oil and platinum also e...
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Silver, Gold, and Copper Slide Amid Dollar Surge by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-11-12 05:35:16 pm
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee traded weaker by 0.01 rupees, closing at 84.40, as FIIs continued their selling spree in the Indian market. However, the rupee received some relief from falling crude and gold prices, as the reduced pace of decline could potentially improve India's import bill in the coming months. Despite this, the dollar index's continued strength above 105 is expecte...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-11-12 05:24:04 pm
Buy USDINR Nov @ 84.42 SL 84.32 TGT 84.52-84.6 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.39-84.47. Rupee slipped to an all-time low pressured by weakness in regional currencies and sustained outflows from local equities. Dollar-rupee forward premiums declined with the 1-year implied yield dropping to an over two-month low of 2.10%. India's services sector saw a resurgence in October, driven by robust demand and increased sales BUY USDINR NOV @ 84.42 SL 84.32 TGT 84.52-84.6.   EURINR ...
Buy USDINR Nov @ 84.42 SL 84.32 TGT 84.52-84.6 - Kedia Advisory
Buy USDINR Nov @ 84.42 SL 84.32 TGT 84.52-84.6 - Kedia Advisory
Source: Kedia Advisory
2024-11-12 10:39:00 am
Sell JPYINR Nov @ 55.5 SL 55.7 TGT 55.3-55.2 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.38-84.46. Rupee weakened to a record low pressured by sustained outflows from local stocks and expectations of a stronger dollar. State-run banks were spotted offering dollars, most likely on behalf of RBI, helped limit the currency's losses Dollar-rupee forward premiums declined, with the 1-year implied yield down 3 basis points at 2.19% SELL USDINR NOV @ 84.48 SL 84.58 TGT 84.38-84.3.   EURINR ...
Sell JPYINR Nov @ 55.5 SL 55.7 TGT 55.3-55.2 - Kedia Advisory
Sell JPYINR Nov @ 55.5 SL 55.7 TGT 55.3-55.2 - Kedia Advisory
Source: Kedia Advisory
2024-11-11 10:54:53 am
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee closed at 84.38, marking another record low as it continues to feel the impact of persistent selling by FIIs, extending the sell-off trend from October. The Federal Reserve's policy outcome was in line with expectations, delivering a 0.25% rate cut and reinforcing its commitment to targeting 2% inflation. The Fed's acknowledgment of an anticipated ...
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee by Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-11-09 05:37:56 pm
SELL USDINR NOV @ 84.42 SL 84.52 TGT 84.32-84.24. - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.29-84.49. Rupee fell hurt by outflows from local equities and onexpectations that Trump's victory may boost the dollargoing forward. The Fed lowered the funds target range by 25 basis pointsto 4.5%-4.75%, in line with expectations RBI’s has routinely intervened via state-run banks to helpthe rupee avert sharp declines, contributing to thecurrency's muted implied volatility   SELL USDINR NOV @ 84...
SELL USDINR NOV @ 84.42 SL 84.52 TGT 84.32-84.24. - Kedia Advisory
SELL USDINR NOV @ 84.42 SL 84.52 TGT 84.32-84.24. - Kedia Advisory
Source: Kedia Advisory
2024-11-08 11:26:39 am
SELL EURINR NOV @ 90.7 SL 90.9 TGT 90.5-90.3 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.97-84.81. Rupee fell to the lowest on record, as strength in the dollar after US elections magnified the outflow of foreign capital from Indian financial markets. India economic activity remains strong, cenbank governor says, amid rising growth concerns The HSBC India Services PMI was revised higher to 58.5 in October 2024 from a flash estimate of 57.9, following a final reading of 57.7 in September   SELL US...
SELL EURINR NOV @ 90.7 SL 90.9 TGT 90.5-90.3 - Kedia Advisory
SELL EURINR NOV @ 90.7 SL 90.9 TGT 90.5-90.3 - Kedia Advisory
Source: Kedia Advisory
2024-11-07 09:32:19 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee traded flat around 84.10, while the dollar index remained steady near 103.66. Market participants are closely monitoring FII activity, as any significant buying or selling could influence the rupee's movement, especially with the upcoming US election outcome. The removal of this major event risk in a few days could further dictate the trend, as recen...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-11-05 05:49:28 pm
SELL JPYINR NOV @ 55.6 SL 55.8 TGT 55.4-55. - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.11-84.23. Rupee touched its weakest level on record as persistent outflows from local stocks blunted the impact of a weaker dollar. The HSBC India Manufacturing PMI stood at 57.5 in October 2024, compared with the flash estimate of 57.4 The 1-month implied volatility on the dollar/rupee pair was at 2.3%, a day before the U.S. elections, nearly on par with the year-to-date daily average.   BUY USDINR NOV @ 84....
SELL JPYINR NOV @ 55.6 SL 55.8 TGT 55.4-55. - Kedia Advisory
SELL JPYINR NOV @ 55.6 SL 55.8 TGT 55.4-55. - Kedia Advisory
Source: Kedia Advisory
2024-11-05 11:04:37 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities 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
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP Securities Ltd
2024-11-04 04:39:38 pm
Buy JPYINR NOV @ 55.2 SL 55 TGT 55.4-55.6. - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.12-84.18. Rupee remained in range amid persistent equity outflows and anxiety over U.S. election results. India's core sector output grew by 2% in September, up from the 1.6% recorded in August India's external assets have increased by USD 108.4 billion from June 2023 to June 2024   SELL USDINR NOV @ 84.18 SL 84.28 TGT 84.08-84.   EURINR Observations EURINR trading range for the d...
Buy JPYINR NOV @ 55.2 SL 55 TGT 55.4-55.6. - Kedia Advisory
Buy JPYINR NOV @ 55.2 SL 55 TGT 55.4-55.6. - Kedia Advisory
Source: Kedia Advisory
2024-11-04 10:53:27 am
Sell GBPINR Nov @ 109.2 SL 109.4 TGT 109-108.8 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.13-84.19. Rupee ended largely unchanged on importers' dollar demand and outflows from local equities The US economy expanded an annualized 2.8% in Q3 2024, below 3% in Q2 and forecasts of 3% India's economic outlook projects growth between 6.5% and 7.0% for the fiscal year SELL USDINR NOV @ 84.18 SL 84.28 TGT 84.08-84.   EURINR Observations EURINR trading range for the day is 90.75-91.65....
Sell GBPINR Nov @ 109.2 SL 109.4 TGT 109-108.8 - Kedia Advisory
Sell GBPINR Nov @ 109.2 SL 109.4 TGT 109-108.8 - Kedia Advisory
Source: Kedia Advisory
2024-10-31 10:39:21 am
Sell JPYINR Nov @ 55.1 SL 55.3 TGT 54.9-54.7 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.11-84.19. Rupee ended little changed on expectations that the country's central bank would shield the domestic unit's fall. India gov't report maintains economic growth forecast but flags global risks Indian economy to grow between 6.5%- 7.0% in the current fiscal year, says finance ministry SELL USDINR NOV @ 84.2 SL 84.28 TGT 84.12-84.04.   EURINR Observations EURINR trading range fo...
Sell JPYINR Nov @ 55.1 SL 55.3 TGT 54.9-54.7 - Kedia Advisory
Sell JPYINR Nov @ 55.1 SL 55.3 TGT 54.9-54.7 - Kedia Advisory
Source: Kedia Advisory
2024-10-30 10:51:42 am
Sell EURINR Oct @ 91 SL 91.2 TGT 90.8-90.6. - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.04-84.12. Rupee ended nearly unchanged managing to hold its ground in the face of weakness in Asian peers and a fall in local stocks. India Manufacturing PMI rose to 57.4 in October 2024, up from 56.5 in the previous month. Expectations that the RBI may commence its easing cycle this year waned after consumer inflation soared past expectations to 5.5% in September   SELL USDINR OCT @ 84.12 SL 84.22 TGT 84.02-...
Sell EURINR Oct @ 91 SL 91.2 TGT 90.8-90.6. - Kedia Advisory
Sell EURINR Oct @ 91 SL 91.2 TGT 90.8-90.6. - Kedia Advisory
Source: Kedia Advisory
2024-10-28 11:25:55 am
Sell USDINR Oct @ 84.12 SL 84.22 TGT 84.02-83.94 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.07-84.09. Rupee remaining near record lows amid increasing foreign exchange outflows from Indian financial markets. ndia Manufacturing PMI rose to 57.4 in October 2024, up from 56.5 in the previous month, preliminary estimates showed. India Services PMI edged higher to 57.9 in October from over one-year low of 57.7 in the previous month, preliminary estimates showed. SELL USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.94. ...
Sell USDINR Oct @ 84.12 SL 84.22 TGT 84.02-83.94 - Kedia Advisory
Sell USDINR Oct @ 84.12 SL 84.22 TGT 84.02-83.94 - Kedia Advisory
Source: Kedia Advisory
2024-10-25 10:29:13 am
Sell JPYINR Oct @ 55.8 SL 56 TGT 55.6-55.4. - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.05-84.13. Rupee slipped amid likely outflows from local equities while intervention by RBI helped curb sharp declines. India cenbank deputy says climate, tech risks a threat to inflation targeting Aggregate demand in India is likely to shrug off the temporary slowdown in momentum seen in the second quarter   SELL USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.94   EURINR Observations EURINR tra...
Sell JPYINR Oct @ 55.8 SL 56 TGT 55.6-55.4. - Kedia Advisory
Sell JPYINR Oct @ 55.8 SL 56 TGT 55.6-55.4. - Kedia Advisory
Source: Kedia Advisory
2024-10-23 10:39:33 am
Sell USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.94. - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.04-84.12. Rupee remained in range as likely intervention by RBI blunted the pressure from weakness in regional peers and persistent dollar outflows. India's forex reserves contracted by $10.7 billion to $690 billion Dollar-rupee forward premiums rose with the 1-year implied yield rising 5 basis points to 2.24%   SELL USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.94.   EURINR Observations E...
Sell USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.94. - Kedia Advisory
Sell USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.94. - Kedia Advisory
Source: Kedia Advisory
2024-10-22 10:48:40 am
Buy JPYINR Oct @ 56 SL 55.8 TGT 56.2-56.4 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.05-84.11. Rupee fell pressured by equity outflows but managed to avert a sharp fall on account of sustained dollar sales. Interest rate futures are currently pricing in 44 basis points worth of rate cuts across the Fed’s two remaining policy meetings in 2024. India's retail inflation climbed to a nine-month high of 5.5% in September. SELL USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.94.   EURINR ...
Buy JPYINR Oct @ 56 SL 55.8 TGT 56.2-56.4 - Kedia Advisory
Buy JPYINR Oct @ 56 SL 55.8 TGT 56.2-56.4 - Kedia Advisory
Source: Kedia Advisory
2024-10-21 10:36:14 am
Sell EURINR Oct @ 91.4 SL 91.6 TGT 91.2-91 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.99-84.15. Rupee weakened weighed down by strong dollar demand from foreign banks, likely due to outflows from equities. India's retail inflation accelerated to a 9-month high of 5.49 per cent on an annual basis in September Foreign investors have pulled out $8.1 billion, on a net basis, from local stocks over October so far SELL USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.94.   EURINR Observations ...
Sell EURINR Oct @ 91.4 SL 91.6 TGT 91.2-91 - Kedia Advisory
Sell EURINR Oct @ 91.4 SL 91.6 TGT 91.2-91 - Kedia Advisory
Source: Kedia Advisory
2024-10-18 10:49:31 am
Sell USDINR Oct @ 84.1 SL 84.2 TGT 84-83.92 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.97-84.15. Rupee settled flat amid the rise in regional peers and lower crude oil prices, as dollar demand from foreign banks and importers weighed India's September merchandise trade deficit at $20.78 bln Interest rate futures have nearly priced in a 25-basis-point rate cut by the Federal Reserve in November. SELL USDINR OCT @ 84.1 SL 84.2 TGT 84-83.92.   EURINR Observations EURINR trading ra...
Sell USDINR Oct @ 84.1 SL 84.2 TGT 84-83.92 - Kedia Advisory
Sell USDINR Oct @ 84.1 SL 84.2 TGT 84-83.92 - Kedia Advisory
Source: Kedia Advisory
2024-10-17 11:41:26 am
BUY JPYINR OCT @ 56.2 SL 56 TGT 56.4-56.6. - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.03-84.15. Rupee ended little changed as the slump in crude oil prices offset the impact of weakness in Asian peers. Foreign investors have pulled out about $8 billion from local stocks, a sharp reversal from inflows of about $11.1 billion in September. Consumer inflation soared to 5.5% in September, well above expectations of 5%.   SELL USDINR OCT @ 84.15 SL 84.25 TGT 84.05-83.95.   EURINR O...
BUY JPYINR OCT @ 56.2 SL 56 TGT 56.4-56.6. - Kedia Advisory
BUY JPYINR OCT @ 56.2 SL 56 TGT 56.4-56.6. - Kedia Advisory
Source: Kedia Advisory
2024-10-16 10:40:39 am
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities Below the Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities   "The rupee traded higher by 0.03rs at 84.03 as the dollar index remained slightly weak below 103.10$, while Indian markets stayed flat with minor support from the financial sector, especially banks. Although FII activity remains subdued, strong DII participation has helped maintain stable fund flows into the market. The rupee also received support from a sharp drop...
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Quote on Rupee from Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities
Source: LKP securities Ltd
2024-10-15 05:08:37 pm
Buy JPYINR Oct @ 56.1 SL 55.9 TGT 56.3-56.5 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84.09-84.15. Rupee slipped weighed down by a fall in most Asian peers and strong dollar demand from foreign banks. India’s wholesale prices increased by 1.84% year-on-year in September 2024 Foreign exchange reserves held by RBI eased to $701.2 billion, easing from the record-high of $704.9 billion in the previous week SELL USDINR OCT @ 84.15 SL 84.25 TGT 84.05-83.95.   EURINR Observations EURI...
Buy JPYINR Oct @ 56.1 SL 55.9 TGT 56.3-56.5 - Kedia Advisory
Buy JPYINR Oct @ 56.1 SL 55.9 TGT 56.3-56.5 - Kedia Advisory
Source: Kedia Advisory
2024-10-15 10:33:23 am
Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services Below the Perspective by Ms. Riya Singh – Research Analyst, Commodities and Currency , Emkay Global   Technical Analysis USDINR Spot Short Term USDINR , is expected to maintain the resistance of 84 with support around 83.55 levels Medium Term (3 Mon) USDINR Spot is expected to trade within the levels of 84.25 - 83.25 levels       Above views are of the author and not of the website kindly read disclaimer
Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services
Perspective by Ms. Riya Singh - Research Analyst, Commodities and Currency , Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-10-14 04:26:08 pm
The dollar declined against a basket of its major peers, U.S. Treasury yields dipped and equities rallied - HDFC Securities Market Roundup * The Indian rupee is poised to open higher on Wednesday after a U.S. inflation reading reinforced expectations the Federal Reserve will deliver a series of rate cuts this year. Non-deliverable forwards indicate the rupee will open at 83.90-83.92 to the U.S. dollar compared with 83.97 in the previous session. * The RBI has been offering dollars at the 83.97 handle to support the local currency which is bogged down by persistent dollar demand from importers and t...
The dollar declined against a basket of its major peers, U.S. Treasury yields dipped and equities rallied - HDFC Securities
The dollar declined against a basket of its major peers, U.S. Treasury yields dipped and equities rallied - HDFC Securities
Source: HDFC Securities
2024-10-14 10:34:26 am
Buy USDINR Oct @ 84.1 SL 84 TGT 84.2-84.28 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.96-84.26. Rupee fell to record low pressure amid concerns about the recent spike in oil prices and the exodus of foreign money from the equity market. India's shrinking balance of payments surplus amid a rise in merchandise trade deficit has also kept the rupee under pressure. Foreign exchange reserves held by RBI eased to $701.2 billion, easing from the record-high of $704.9 billion in the previous week BUY USDI...
Buy USDINR Oct @ 84.1 SL 84 TGT 84.2-84.28 - Kedia Advisory
Buy USDINR Oct @ 84.1 SL 84 TGT 84.2-84.28 - Kedia Advisory
Source: Kedia Advisory
2024-10-14 10:25:45 am
Buy GBPINR Oct @ 109.7 SL 109.4 TGT 110-110.3 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84-84.06. Rupee ended flat as likely intervention by RBI helped the unit withstand pressure from foreign banks' dollar bids The annual inflation rate in the US slowed to 2.4% in September, the lowest since February 2021 Fed officials were uncertain about the extent of interest rate cuts at their September meeting, but opted for a half-point reduction SELL USDINR OCT @ 84.05 SL 84.15 TGT 83.95-83.86.   ...
Buy GBPINR Oct @ 109.7 SL 109.4 TGT 110-110.3 - Kedia Advisory
Buy GBPINR Oct @ 109.7 SL 109.4 TGT 110-110.3 - Kedia Advisory
Source: Kedia Advisory
2024-10-11 10:48:27 am
Sell USDINR Oct @ 84.1 SL 84.2 TGT 84-83.9 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.96-84.08. Rupee held at 84 levels amid dovish signals by the RBI and an upturn in foreign currency outflows. Federal Reserve officials were uncertain about the extent of interest rate cuts RBI held its benchmark policy rate at 6.5% in its October meeting, as expected. SELL USDINR OCT @ 84.1 SL 84.2 TGT 84-83.9.   EURINR Observations EURINR trading range for the day is 91.91-92.47. Euro dropped...
Sell USDINR Oct @ 84.1 SL 84.2 TGT 84-83.9 - Kedia Advisory
Sell USDINR Oct @ 84.1 SL 84.2 TGT 84-83.9 - Kedia Advisory
Source: Kedia Advisory
2024-10-10 10:52:34 am
Buy JPYINR OCT @ 56.7 SL 56.5 TGT 56.9-57.1. - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.95-84.11. Rupee ended nearly unchanged as the central bank's steps to support the currency helped offset a host of negative cues. Robust growth in India extended the robust fiscal backdrop for the central government and supported domestic fixed-income assets. Investor focus is now on the Indian central bank's monetary policy decision due on Wednesday.   SELL USDINR OCT @ 84.1 SL 84.2 TGT 84-83.9. ...
Buy JPYINR OCT @ 56.7 SL 56.5 TGT 56.9-57.1. - Kedia Advisory
Buy JPYINR OCT @ 56.7 SL 56.5 TGT 56.9-57.1. - Kedia Advisory
Source: Kedia Advisory
2024-10-09 11:03:15 am
Buy Eurinr Oct @ 92.2 SL 92 TGT 92.4-92.6 - Kedia Advisory USDINR Observations USDINR trading range for the day is 84-84.1. Rupee ended nearly unchanged sidestepping a pressure from equity-related outflows. India's trade minister says time for Indian rupee to appreciate India's foreign exchange reserves crossed $700 billion for the first time on record   SELL USDINR OCT @ 84.12 SL 84.22 TGT 84.02-83.92.   EURINR Observations EURINR trading range for the day is 91.88-92.68. Euro dropped as Germ...
Buy Eurinr Oct @ 92.2 SL 92 TGT 92.4-92.6 - Kedia Advisory
Buy Eurinr Oct @ 92.2 SL 92 TGT 92.4-92.6 - Kedia Advisory
Source: Kedia Advisory
2024-10-08 11:22:16 am
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory The U.S. dollar soared to a seven-week high following a strong September jobs report, which revealed a nonfarm payroll increase of 254,000—significantly surpassing expectations. This robust data prompted traders to reassess their views on Federal Reserve rate cuts, eliminating the likelihood of a 50-basis-point reduction. The dollar index reached 102.69, marking its best weekly performance since September 2022, while the euro slipped to $1.09515, and the dollar climbed to 149.02 yen. Ad...
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory
Dollar Soars as Strong Jobs Report Reshapes Fed Expectations By Amit Gupta , Kedia Advisory
Source: Kedia Advisory
2024-10-05 11:22:00 am
Sell JPYINR OCT @ 58.6 SL 58.8 TGT 58.3-58. - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.88-83.96. Rupee closed little changed as exporters' dollar sales helped offset the decline in Asian currencies. India Manufacturing PMI fell to 56.5 in September 2024, compared to the flash estimate of 56.7. Fed’s Powell prompted traders to temper expectations of a 50-basis-point rate cut at the central bank's November meeting.   BUY USDINR OCT @ 83.9 SL 83.8 TGT 84-84.1.   EURINR...
Sell JPYINR OCT @ 58.6 SL 58.8 TGT 58.3-58. - Kedia Advisory
Sell JPYINR OCT @ 58.6 SL 58.8 TGT 58.3-58. - Kedia Advisory
Source: Kedia Advisory
2024-10-03 10:31:05 am
USDINR trading range for the day is 83.79-83.97 - Kedia Advisory USDINR Observations   USDINR trading range for the day is 83.79-83.97. Rupee softens pressured by month-end US Dollar demandfrom importers and investors awaits Fed Powell speech. Rupee posted its best month since June boosted by strongrisk appetite following the Fed’s outsized rate cut andeconomic stimulus measures in China. Foreign exchange reserves climbed for the sixth straightweek to a record high of $692.3 billion as of Sept. 20. SELL EURINR OCT @ 94 SL 94...
USDINR trading range for the day is 83.79-83.97 - Kedia Advisory
USDINR trading range for the day is 83.79-83.97 - Kedia Advisory
Source: Kedia Advisory
2024-10-01 11:46:01 am
USDINR trading range for the day is 83.69-83.89 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.69-83.89. Rupee ended lower pressured by month-end dollar demand from importers. Dollar-rupee forward premiums slipped after strong U.S. economic data blunted hopes of another 50 bps rate cut by the Fed in November. The finance ministry said economic growth would remain steady in the coming quarters. SELL USDINR OCT @ 83.85 SL 83.95 TGT 83.75-83.65.     EURINR Observations EURINR trading ...
USDINR trading range for the day is 83.69-83.89 - Kedia Advisory
USDINR trading range for the day is 83.69-83.89 - Kedia Advisory
Source: Kedia Advisory
2024-09-30 10:27:45 am
Sell JPYINR Oct @ 58.1 SL 58.3 TGT 57.9-57.7 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.7-83.88. Rupee closed weaker as importer and interbank dollar bids outweighed cues from a rise in most Asian currencies. Dollar-rupee forward premiums rose with the 1-year implied touching an over 16-month peak of 2.41%. India to borrow 6.61 trillion rupees via bonds in Oct – March SELL USDINR OCT @ 83.8 SL 83.9 TGT 83.7-83.6.   EURINR Observations EURINR trading range for the day is 93.18-...
Sell JPYINR Oct @ 58.1 SL 58.3 TGT 57.9-57.7 - Kedia Advisory
Sell JPYINR Oct @ 58.1 SL 58.3 TGT 57.9-57.7 - Kedia Advisory
Source: Kedia Advisory
2024-09-27 11:11:42 am
Sell USDINR Sep @ 83.7 SL 83.8 TGT 83.6-83.5 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.46-83.74. Rupee rose boosted by a rally in yuan, while dollar sales from state-run banks also helped. The ADB retained India's growth forecast for the current fiscal at 7 per cent. Interest rate futures are currently pricing in a 61% chance of the Fed delivering a 50 bps cut, compared to 53% a day earlier. SELL USDINR SEP @ 83.7 SL 83.8 TGT 83.6-83.5.   EURINR Observations EURINR trading rang...
Sell USDINR Sep @ 83.7 SL 83.8 TGT 83.6-83.5 - Kedia Advisory
Sell USDINR Sep @ 83.7 SL 83.8 TGT 83.6-83.5 - Kedia Advisory
Source: Kedia Advisory
2024-09-26 10:43:35 am
Buy EURINR Sep @ 93.1 SL 92.9 TGT 93.3-93.5 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.5-83.8. Rupee weakened as outflows related to the rebalancing of some global equity indexes, coupled with dollar demand S&P retains India's growth forecast at 6.8%, expects RBI to cut rates in Oct Business activity at 9-month low in Sept as demand eases SELL USDINR SEP @ 83.7 SL 83.8 TGT 83.6-83.5.   EURINR Observations EURINR trading range for the day is 92.54-93.7. Euro gains after C...
Buy EURINR Sep @ 93.1 SL 92.9 TGT 93.3-93.5 - Kedia Advisory
Buy EURINR Sep @ 93.1 SL 92.9 TGT 93.3-93.5 - Kedia Advisory
Source: Kedia Advisory
2024-09-25 10:58:00 am
Indian Rupee Gains Amid Subdued USD Demand, Eyes Key US Data for Direction 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
Indian Rupee Gains Amid Subdued USD Demand, Eyes Key US Data for Direction by Amit Gupta, Kedia Advisory
Source: Kedia Advisory
2024-09-24 05:07:20 pm
USDINR trading range for the day is 83.42-83.74 - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.42-83.74. Rupee rose amid likely portfolio inflows, after Fed kicked off its interest rate cutting cycle. Retail inflation for farm workers eased to 5.96% in Aug; 6.08% for rural labourers Odds of a 50-bp rate cut in November are currently at 44%, according to CME's FedWatch tool. SELL USDINR SEP @ 83.58 SL 83.68 TGT 83.48-83.38.   EURINR Observations EURINR trading range for the day is 93.02...
USDINR trading range for the day is 83.42-83.74 - Kedia Advisory
USDINR trading range for the day is 83.42-83.74 - Kedia Advisory
Source: Kedia Advisory
2024-09-23 09:58:19 am
Sell JPYINR Sep @ 58.8 SL 59 TGT 58.6-58.4. - Kedia Advisory USDINR Observations USDINR trading range for the day is 83.5-83.88. Rupee hit a two-month high after the Federal Reserve delivered a 50 basis points interest rate cut. Fed Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation has eased. Dollar-rupee forward premiums rose with the 1-year implied yield touching 2.33%, its highest level since April last year.   SELL USDINR SEP @ 83.7 SL 83.8 TGT 83.6-83.52. ...
Sell JPYINR Sep @ 58.8 SL 59 TGT 58.6-58.4. - Kedia Advisory
Sell JPYINR Sep @ 58.8 SL 59 TGT 58.6-58.4. - Kedia Advisory
Source: Kedia Advisory
2024-09-20 10:51:46 am
Sell JPYINR Sep @ 58.8 SL 59 TGT 58.6-58.4 - Kedia Advisory USDINR Observation USDINR trading range for the day is 83.5-83.88. Rupee hit a two-month high after the Federal Reserve delivered a 50 basis points interest rate cut. Fed Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation has eased. Dollar-rupee forward premiums rose with the 1-year implied yield touching 2.33%, its highest level since April last year. SELL USDINR SEP @ 83.7 SL 83.8 TGT 83.6-83.52.  ...
Sell JPYINR Sep @ 58.8 SL 59 TGT 58.6-58.4 - Kedia Advisory
Sell JPYINR Sep @ 58.8 SL 59 TGT 58.6-58.4 - Kedia Advisory
Source: Kedia Advisory
2024-09-20 10:51:27 am
Sell GBPINR Sep @ 110.65 SL 110.9 TGT 110.35-110.15 - Kedia Advisory USDINR Observation USDINR trading range for the day is 83.63-84.01. Rupee climbed lifted by rising expectations that the Fed will kick off policy easing with a 50 basis points rate cut. Fed lowered its benchmark interest rate by 50bps to 4.75%-5% in light of the progress on inflation India’s wholesale prices increased by 1.31% year-on-year in August 2024 SELL USDINR SEP @ 83.82 SL 83.92 TGT 83.72-83.62.   EURINR Observation EURINR trading range for...
Sell GBPINR Sep @ 110.65 SL 110.9 TGT 110.35-110.15 - Kedia Advisory
Sell GBPINR Sep @ 110.65 SL 110.9 TGT 110.35-110.15 - Kedia Advisory
Source: Kedia Advisory
2024-09-19 10:58:06 am