Forex Market News

Indian Rupee Opens Higher By 10 Paise At 68.02 Per Dollar

The Indian rupee opened higher by 10 paise at 68.02 per dollar on Tuesday versus previous close 68.12.
According to Motilal Oswal, rupee yesterday consolidated in a narrow range but closed the session lower against the US dollar as rising crude oil prices weighed on the overall market sentiment.
Global crude oil prices rose on concerns that Venezuela’s crude output could drop further following a disputed presidential election and potential US sanctions on the OPEC-member.
The USD-INR pair is expected to open on a flat note as the dollar against its major crosses saw some bit of cool-off at higher levels.
On the domestic front, no major economic data is expected to be released and volatility for the pair could be confined to a narrow range. For the day, the USD-INR pair is expected to quote in the range of 67.80 and 68.35, 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
Advertisements
Standard
Forex Market News

EURINR – Ways2Capital

EURUSD appreciated by 0.13 percent while EURINR depreciated by 0.07 percent during the same time frame. Euro zone CPI came in line with market expectations at 1.2% for Apr’18.
GDP data from Euro zo ne came in line with market estimates at 0.4% for Q1 2018. Also, rising political uncertainties in Italy where populist parties have jostled to forge a common platform in a bid to lead the next government, have been a major drag on Euro in the past week. There was no major data from Euro zone yesterday on account of Bank Holiday.
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 Trading Range For The Day Is 68.01-68.3.

USDINR trading range for the day is 68.01-68.3.
Rupee depreciated on dollar demand from oil importers and on hopes Reserve Bank of India may announce OMO purchase this week.
dollar rallied as relief over the fading risks of an outbreak in China-U.S. trade war prompted investors to cut their short positions against the greenback.
India’s industrial output growth slowed to a five-month low of 4.4 percent in March, dragged down by smaller increases in mining.
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 90.97-92.01.
GBP fell as the U.S. dollar resumed its rally, with confusion about whether Britain would stay in the European Union’s customs union.
Prime Minister Theresa May said Britain would leave the EU customs union after Brexit but a source said London was considering a backstop plan.
Britain would tell Brussels it was prepared to stay in the customs union beyond a Brexit transitional arrangement.
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 Trading Range For The Day Is 61.04-61.53.

JPYINR trading range for the day is 61.04-61.53.
JPY dropped as the dollar edged up after U.S. Treasury Secretary Steven Mnuchin said the U.S. trade war with China is “on hold”.
Japan’s exports grew 7.8 percent in April from the same period a year ago, below the median estimate for an 8.1 percent annual increase expected.
Japan’s economy contracted more than expected at the start of this year, ending the best run of expansion in decades.
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 11 Paise At 68.12 Per Dollar

The Indian rupee declined in the opening tarde on Monday. It has opened lower by 11 paise at 68.12 per dollar versus 68.01 Friday.
According to Motilal Oswal, rupee, on Friday, consolidated in a narrow range as most market participants were cautious ahead of the important floor test in state elections of Karnataka. Despite the impact of state elections is expected to be short lived, rise in global crude oil prices will continue to drive currency in the short term. Higher crude oil prices and political risk premium could keep the rupee under pressure.
Consistent fund outflows by FIIs in equity and debt segment will continue to weigh on the rupee. Volatility for the currency has been restricted in the past few sessions on backof suspected RBI intervention. Latest RBI data showed India’s FX reserves for the week ended May 11, fell by USD 1.2 billion to USD 417.7billion.
Today, rupee is expected to open lower against the US dollar and, for the day, expected to quote in the range of 67.80 and 68.35, 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 67.7-68.33.
Rupee snapped two-day gains as the dollar rose to four-month high against major currencies amid likely outflows from local stocks.
Dollar rose to four-month high tracking sharp surge in US Treasury yields as they climbed to their highest levels since 2011.
Reports showed that Finance Ministry officials will meet officials from nationalised banks to discuss ways to revive demand for government securities.
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