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5Sep: Market Evening Update
Read Time: 3 minutesThe Indian rupee ended the session lower at intraday low of 83.04/05 levels compared to its opening at 82.78/79 levels due to broad weakness in Asian currencies and likely dollar outflows. Rupee traded in the range of 82.78-83.04 levels today. While some traders cited corporate dollar outflows, others pointed to equity-related outflows.…
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USDINR is the least volatile among all other currencies!
Read Time: < 1 minute[responsivevoice_button rate=”1.1″ pitch=”1.1″ volume=”2″ voice=”UK English Female” buttontext=”Listen”] Over the last 11 months, USDINR has been the least volatile USD pair across top 26 currencies, all thanks to inflows and robust RBI intervention!
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USDINR: Shifting of stance post Jackson Hole.
Read Time: 2 minutesPast week saw a dramatic shift of stance. Aided by the buoyant mood after India achieved asuccessful soft landing on the moon, the market witnessed a sharp sell-off towards 82.35. It appearedas if the markets were betting on another failed mission or the previous trigger past 83.30 was a falsebreak. However, the…
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USDINR Morning Updates
Read Time: 3 minutesThe Indian rupee opened the day higher at 82.5525/5625 levels compared to its previous close at 82.6475/6575 levels following the U.S. dollar’s retreat from a three-month high after Federal Reserve Chair Jerome Powell’s comments at Jackson Hole. Near-maturity U.S. Treasury yields rose following Powell’s speech while longer maturity yields were mostly flat.…
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USDINR Closing Update
Read Time: 3 minutesThe Indian rupee ended the session lower at 82.63/64 levels compared to its opening at 82.5525/5625 levels after touching the low of 82.6475/6575 levels due to higher oil prices and likely month end dollar demand from importers. Higher near-maturity U.S. Treasury yields were also limiting the gain in rupee. Rupee traded in…
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Weekly Views (28 August – 01 September)
Read Time: < 1 minuteUSD/INR Outlook (Spot – 82.65) Last Week Range: 83.14 – 82.37 Last week pair traded downward bias and took support 82.37 and bounce backed. This week looks range bound trading with downward bias and will also clear near term direction. Strategy : Should be played with Levels Buy pair above 82.63…
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USD/INR: Rupee falls with Fed Chair Powell in focus
Read Time: 2 minutesThe US Dollar Indian Rupee (USD/INR) exchange rate is rising for a second straight day. The pair settled +0.09% in the previous session, settling on Thursday at 83.258. At 12:30 UTC, USD/INR trades +0.09% at 82.65 and trades in a range of 82.57 to 83.70. The Rupee trades under pressure against a…
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Technicals & Charts
Read Time: 2 minutesINR is expected to rise further on Thu following a pullback in U.S. Treasury yields on weak economic data. Non-deliverable forwards indicate the rupee INR=IN will be at around 82.58-82.60 to the U.S. dollar, compared with its close of 82.6850 in the previous session The current level is 82.45 In the daily…
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A bullish harami in the making?
Read Time: < 1 minuteUPDATE With the better than expected GDP data & subsequent fall in the dollar index Rupee was expected to strengthen further. And looking at the Daily charts for USD/INR pair we see that the pair had moved down from 82.90 levels to a low of 82.30 during the past 2 weeks…
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