Respite in dollar move due to weakness in commodity currencies - GEPL

Respite in dollar move due to weakness in commodity currencies

Market Commentary

* The dollar steadied against a basket of major currencies on Thursday, a day after Federal Reserve minutes that dialed down some expectations of the central bank hiking interest rates soon. Commodity currencies got off to a shaky

EURINR spot is likely to trade lower - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.31 percent in the yesterday’s trading session owing to fresh selling of the US Dollar by exporters and banks. Dovish stance in the recent FOMC meeting minutes acted in favor of Asian markets including India thereby providing support to the In

USDINR trading range for the day is 64.59-65.15 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.59-65.15.

*Rupee appreciated on likely buying on foreign banks and after minutes of Federal Open Market Committee hinted of gradual rate increase.

*The minutes showed that some central bankers were still watching for evidence that a recent slowdown in growth is temporary.

*Mea

Dollar plunges after FOMC meeting minutes - Sharekhan

Dollar plunges after FOMC meeting minutes

US Dollar Index (DX):

US Dollar depreciated by 0.12 percent in yesterday’s trading session against basket of six major currencies on the back of downbeat economic data from US. US Existing home sales declined by 2.3 percent to 5.57M units in April. Further, US Fe

USDINR closed indecisively yesterday with markets opening flat - JRG Sec

USDINR

USDINR closed indecisively yesterday with markets opening flat and maintaining a bullish stance for most part of the day before falling back and ending with marginal losses. The close yesterday turns the markets a bit indecisive. Once again the move lower was not accompanied with volumes, which were lower than the previous day when markets moved

BUY JPYINR FUT 57.70-57.75 SL 57.60 TGT 58.10 - Karvy

USDINR Intraday Outlook

USdollarindexistradingat96.83,afterbeingtoppedat97.38inyesterday’ssessionpostFOMCmeetingminuteswaspublished.FOMCmeetingminutesfromMay2-3meetinghasshowedthatmostFedofficialssawtighteninglikelytobeappropriateassoonasconsumerspendingrebounds,afewpolicymakerswereworriedthatprogressoninflationhasslowed.Assuch,theyfeltthatitwasp

Dollar slips after Fed minutes, Euro resumes bull run - GEPL

Dollar slips after Fed minutes, Euro resumes bull run

Market Commentary

* The U.S. dollar slipped on Wednesday, after minutes of the latest Federal Reserve meeting showed policymakers agreed they should hold off on raising interest rates until they see evidence that a recent economic slowdown was transitory. T

GBPINR spot is expected to trade lower today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot appreciated by 0.18 percent in the yesterday’s trading session owing to fresh selling of the US Dollar by exporters and banks. Domestic markets i.e. Sensex and Nifty traded higher on account of positive fundamentals with GST Tax seen getting implemented and m

Sell JPYINR around 58.20 Target 57.50 Stop loss 58.50 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures faced resistance at higher levels and traded with bearish sentiments due to profit booking from traders. Technically, It took good support of upward sloping trend line and settled above the same which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 49.78 on Daily charts ind

EURINR trading range for the day is 72.26-72.83 - Kedia Commodity

USDINR

*USDINR trading range for the day is 64.62-65.08.

*Rupee appreciated on buying by private banks and foreign banks for exporters.

*India's industrial output rose 2.7 percent in March from a year earlier, government data showed.

*India's wholesale prices rose 3.85 percent year-on-year in April, government dat

Euro surges on upbeat economic data - Sharekhan

US Dollar Index (DX):

US Dollar appreciated by 0.38 percent in yesterday’s trading session against basket of six major currencies on short coverings. However, sharp gain was prevented on political turmoil and worries over delay in Trump’s efforts to implement his economic stimulus plans. Further, traders remained cautious ahead of FOMC mee

Dollar firm after bounce from 6-1/2 month lows, focus shifts to Fed - GEPL

Dollar firm after bounce from 6-1/2 month lows, focus shifts to Fed

Market Commentary

* The dollar held firm early on Wednesday, having rebounded from 6-1/2-month lows against its major peers thanks to a rise in U.S. Treasury yields, with focus now turning towards the Federal Reserve's monetary policy stan

Buy USDINR around 64.80 Target 65.10 Stop loss 64.65 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed positive opening and traded with firm sentiments throughout the session due to buying support from traders. Technically, It took good support of upward sloping trend line and settled above the same which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 53.40 on Dai

JPYINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot depreciated by 0.60 percent in the yesterday’s trading session owing to geo-political tensions in the global arena. A spokesman for the Indian Army stated that military raids were launched into a Pakistan-controlled part of Kashmir to destroy camps hosting te

GBPINR trading range for the day is 83.77-84.59 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.54-65.14.

* Rupee fell sharply on report that Indian army had undertaken punitive fire assaults across the Line of Control.

* However rupee was already trading down on FII outflows from local stocks following the terrorists a

Yen traded indecisively against USD and ended flat - JRG Sec

USDINR

Rupee closed marginally strong yesterday though the close suggested indecision in the markets. Once again markets gapped open and maintained a sideways to lower stance initially. However, as has been the case recently, there weren’t much volumes to support the action and eventually rupee surrendered the marginal gains and closed above its

GBPINR spot is expected to trade higher today - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

USDINR spot depreciated by 0.12 percent in the yesterday’s trading session owing to month end dollar buying by importers and banks pushed the Indian Rupee lower. Domestic markets i.e. Sensex and Nifty ended in green after the GST Council finalized rates for bulk of the g

Buy JPYINR around 57.70 Target 58.30 Stop loss 57.40 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed negative opening and traded in a range throughout the session due to selling pressure at higher levels from traders. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend. Momentum Indicator RSI for the 14-day period is poised at 46.01 on Daily charts ind

EURINR trading range for the day is 72.02-72.93 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.39-64.78.

* Rupee gained on selling by foreign banks including HSBC and Deutsche Bank amid FII inflows into local stocks.

* India's merchandise exports grew in double digits in dollar terms for the third consecutive month

GBPINR spot (CMP-83.87) is expected to trade higher - Angel Broking

Rupee

* Last week, the Indian Rupee spot depreciated by 0.50 percent tracking losses in Asian market equities amid global concerns.

* On the US front, the Justice Department appointed former FBI Director Robert Mueller to investigate Russian interference in the president election which fuelled concerns in the global markets pushing the deman

Dollar lingers near 6-month lows amid US political uncertainty - GEPL

Dollar lingers near 6-month lows amid US political uncertainty

Market Commentary

* The dollar struggled to push ahead on Monday, holding near six-month lows against a basket of currencies as investors assessed the impact of U.S. political turmoil and a resurgent euro.

* The dollar index inched up 0.

We may see Pound gaining against both rupee and USD - JRG Sec

USDINR

Rupee closed stronger on Friday with markets pulling back some of the losses made on Thursday. Markets gapped open lower and maintained a sideways to lower stance for most part of the trade. The technical picture is still looking marginally favourable for some more gains in USD though it may not be immediately in today’s trade session. Rup

EURINR spot is likely to trade sideways to higher - Angel Broking

FUNDAMENTAL OUTLOOK

Indian rupee

Last week, the Indian Rupee spot depreciated by 0.50 percent tracking losses in Asian market equities amid global concerns. On the US front, the Justice Department has appointed former FBI Director Robert Mueller to investigate Russian interference in the president election. T

USDINR trading range for the day is 64.4-65.25 - Kedia Commodity

Currency Update

USDINR

* USDINR trading range for the day is 64.4-65.25.

* Rupee snapped three-day fall on buying by exporters, foreign banks and weighed by rise in odds of June Federal Reserve rate hike.

* Meanwhile local shares ended mixed on profit taking offsetting buying by foreign i

Buy GBPINR around 83.90 Target 84.50 Stop loss 83.60 - Tradebulls Sec

USD/INR FUTURE VIEW

USD/INR futures witnessed negative opening and traded with volatile sentiments throughout the session due to selling pressure at higher levels from traders. It failed to hold the gains at higher levels and finally ended in Red. Technically, It managed to settle above downward sloping trend line which indicates strength in firm trend