Forex Market News

GBPINR trading range for the day is 85.97-86.49

GBPINR trading range for the day is 85.97-86.49. GBP remained under pressure on apparently conflicting reports on the negotiations on Britain’s departure from the EU. Pressure also seen after a German government spokesperson warned “time is running out” for Britain to negotiate the deal it wants. The UK economy expanded at a muted rate in the third quarter despite improvements in manufacturing activity, quarterly economic survey showed.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
or visit http://www.ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Advertisements
Standard
Forex Market News

US Dollar Increased By 0.40 Percent

US Dollar increased by 0.40 percent in yesterday’s trading session against basket of six major currencies on the back of hawkish statement from New York Fed president William Dudley and a rise in Treasury yields. He expressed confidence that rising wages would help revive domestic inflation.
Further, US Federal Reserve raised its interest rates by 25bps and maintained its outlook for one more rate hike in 2017. The Fed also laid out plan to trim its $4.2 trillion balance sheet this year. In Intraday Dollar Index touched a high of 97.575 and closed at 97.548 against Dollar.
Dollar is expected to trade with positive bias on the back of hawkish statement from New York Fed president William Dudley and divergence in global monetary policy. US Federal Reserve raised funds rate by 25bps to a range of 1%-1.25% and said it was prepared to continue with its monetary policy tightening. Traders will remain cautious ahead of comments from FOMC member Fischer. If he sounds hawkish it will support dollar to rise. However, sharp gain may be prevented on the back of expectation of rising political turmoil in US.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

Indian Rupee Opens Lower At 64.48 Per Dollar

The Indian rupee opened marginally lower at 64.48 per dollar on Tuesday against previous close 64.43. Bhaskar Panda of HDFC Bank said, “The dollar index has been recovering after it touched a low in the recent past. I expect the USD-INR pair to trade in a range of 64.40-64.60/dollar today.”
He further added, “The 10-year benchmark bond yield is expected to trade within the 6.45-6.47 percent range today.”US dollar edged higher and yen tumbles as central bank outlooks come back into focus. New York Fed President Dudley reinforced expectations of further increases in interest rates.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

GBPINR Trading Range For The Day Is 82.11-82.99

GBPINR trading range for the day is 82.11-82.99. GBP remained supported by the fact that three members of the BOE’s Monetary Policy Committee surprised markets by voting in favor of a rate hike.
BOE decided to leave its record low interest rate unchanged, but the split among policymakers widened as more members sought a hike, citing the rising inflation. UK retail sales declined more than expected in May, figures from the Office for National Statistics showed.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

Indian Rupee Open At 64.27/$ In Market

On Thursday the Indian rupee opened higher at 64.27 per dollar against 64.30 of a previous close. Regarding this news Mohan Shenoi of Kotak Mahindra Bank said that he expected the US FOMC hiked the rate by 25 bps hinting one or more rate hike in 2017. The global currency market reaction was muted because the event was already priced-in from all this rupee has benefitted from global flows.
Further, he added that the RBI preventing sharp gains from intervention and USE-INR is trading today in between the range of 6.43-6.48%. the local bond market bullish as lower than expected India CPI & WPI have triggered market expectation of monetary easing making.
The dollar nursed losses as weak US inflation data left investors wondering if the Federal Reserve would follow up its latest rate hike with another later this year.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717

On Thursday the Indian rupee opened higher at 64.27 per dollar against 64.30 of a previous close. Regarding this news Mohan Shenoi of Kotak Mahindra Bank said that he expected the US FOMC hiked the rate by 25 bps hinting one or more rate hike in 2017. The global currency market reaction was muted because the event was already priced-in from all this rupee has benefitted from global flows.

Further, he added that the RBI preventing sharp gains from intervention and USE-INR is trading today in between the range of 6.43-6.48%. the local bond market bullish as lower than expected India CPI & WPI have triggered market expectation of monetary easing making.
The dollar nursed losses as weak US inflation data left investors wondering if the Federal Reserve would follow up its latest rate hike with another later this year.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717

On Thursday the Indian rupee opened higher at 64.27 per dollar against 64.30 of a previous close. Regarding this news Mohan Shenoi of Kotak Mahindra Bank said that he expected the US FOMC hiked the rate by 25 bps hinting one or more rate hike in 2017. The global currency market reaction was muted because the event was already priced-in from all this rupee has benefitted from global flows.

Further, he added that the RBI preventing sharp gains from intervention and USE-INR is trading today in between the range of 6.43-6.48%. the local bond market bullish as lower than expected India CPI & WPI have triggered market expectation of monetary easing making.
The dollar nursed losses as weak US inflation data left investors wondering if the Federal Reserve would follow up its latest rate hike with another later this year.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

Indian Rupee Opens Flat At 64.34 Per Dollar

The Indian rupee opened flat at 64.34 per dollar on Wednesday against previous close 64.33. Pramit Brahmbhatt of Veracity said, “Rupee will appreciate and may test 64.20/dollar. Trading range for the spot USD-INR pair for the day will be 64.20-64.50/dollar.”
The dollar was softer against a basket of rival currencies as the Federal Reserve’s two-day policy meeting is underway and investors expect will conclude with an increase in interest rates.
According to Motilal Oswal currency report, the rupee continues to consolidate in a narrow range ahead of the two-day FOMC policy meeting that concludes today and we could continue to see the consolidation continuing for the pair in today’s session as well.”
“Expectation is that the Federal Reserve could raise rates by 25 bps but importantly market participants will be keeping an eye on the Fed chair statement to gauge a view on rate hike prospects for the coming year,” it added.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard
Forex Market News

Indian Rupee Opens Flat At 64.43 Per Dollar

The Indian rupee opened flat at 64.43 per dollar on Tuesday versus previous close 64.44. Bhaskar Panda of HDFC Bank said, “India story keeps the USD-INR rangebound. Expect a range of 64.35-64.55/dollar to play out for today.
He further added, “Retail inflation came below expectations. Rate cut hopes are now increasing. The 10-year benchmark yield is expected to trade within 6.50-6.52 percent for today.”
The dollar index, which measures the dollar against a basket of rival currencies, is marginally softer ahead of the FOMC meeting on Wednesday. While political uncertainty weighs on sterling.
For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ – 0731-6626222 | Toll Free – 1800-3010-2007
Give a Missed Call for Free Trial – 09699997717
Standard