Forex Market News

Rupee Gains 19 Paise, Global Dollar Weakness Helps

The rupee firmed up by 19 paise to 67.79 against the dollar today after increased selling of the US currency by exporters and banks.
The dollar slipping from an 11-month peak against other currencies overseas as investors took profits also helped the rupee.
Further, fresh foreign capital inflows took the local currency higher but a lower opening of the domestic equity markets capped the rise, dealers said.
Yesterday, the rupee had appreciated by 10 paise to close at 67.98 against the greenback on sustained selling of the American currency by exporters and local banks.
The benchmark BSE Sensex fell by 50.91 points, or 0.14 per cent, to 35,381.48 in opening trade.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626191 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Advertisements
Standard
Forex Market News

USDINR Trading Range For The Day Is 67.82-68.39

USDINR trading range for the day is 67.82-68.39.
Rupee gained on selling by nationalised banks mostly on behalf of Reserve bank of India, who intervened to stem volatility in the pair.
The Reserve Bank of India monetary policy committee struck a balanced note on its rate stance going forward and cited rising inflation pressure.
The MPC members raised concerns over rising household inflationary expectations which along with robust growth momentum could add to price pressure going forward.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626191 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

EURINR – Ways2Capital

EURINR trading range for the day is 78.2-79.15.
Euro dropped as the dollar hovered near an 11-month high supported by a rise in U.S. yields.
Germany’s producer prices increased at the fastest pace in seven months in May, figures from Destatis showed.
European Central Bank President Mario Draghi reiterated that the bank will adopt a patient approach to tightening policy.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626191 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

GBPINR – Ways2Capital

GBPINR trading range for the day is 89.09-90.23.
GBP recovered all of its losses as the Bank of England left interest rates on hold and left the door open for an August rate hike.
The Bank of England kept rates on hold but its chief economist unexpectedly joined the minority of policymakers calling for a rate rise now.
Bank of England said it would reinvest 2.9 billion pounds ($3.83 billion) from a maturing gilt owned as part of its quantitative easing programme.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626191 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

JPYINR – Ways2Capital

 

JPYINR trading range for the day is 61.31-62.01.
JPY dropped as the dollar recovering its poise from the risk-aversion caused by elevated trade tensions between the U.S. and China earlier this week.
JPY BoJ’s Funo: Deep, Structural Issues Affecting Prices JPY BOJ’s Funo: Price growth has been slowing recently.
Watching risks of trade protectionism on Japan’s economy.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626191 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

Indian Rupee Opens Lower By 12 Paise At 68.19 Per Dollar

The Indian rupee opened lower by 12 paise at 68.19 per dollar on Thursday against previous close 68.07.
Near-month dollar-rupee June contract on the NSE was at 68.13 in the previous session. June contract open interest declined 3.35% in the previous day, said ICICIdirect.
We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626191 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

USDINR – Ways2Capital

USDINR trading range for the day is 67.98-68.3.
Rupee strengthened on buying by foreign banks likely for exporters amid subdued dollar.
India’s merchandise exports in May rose 20.2 percent year-on-year, but the trade deficit widened to $14.62 billion.
Merchandise exports last month rose to $28.86 billion from a year ago, while imports rose 14.85 percent on year to $43.48 billion.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626191 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard