USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise
USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise
USD-INR is expected to remain sideways within our range. A Double Butterfly (Asymmetrical) trade to capitalise
Reduced sensitivity of rupee to the dollar index has occurred in conjunction with the still-high correlation of other Asia FX with the dollar
The build-up in reversible flows over the past few years suggests a possible vulnerability in our currency market positioning, which merits monitoring
This is 7th time that the rupee has hit a record low against the dollar this month
While RBI does have ample foreign exchange buffers for now, a gentle depreciation of the Rupee may well be called for – both to correct INR overvaluation, and to prepare for possible stress scenarios
If India imports a major share of the energy it consumes and energy prices across the world are skyrocketing, then the Indian economic system must come to live with it and build high import costs into its pricing
We expect USD-INR range to shift towards 74-77 in 2HFY22 as markets begin to grapple with the widening current account deficit (from an estimated marginal surplus in 1QFY22), volatile capital flows, growth-inflation trade-offs and consequent global policy normalization, said Upasna Bhardwaj, Senior Economist at Kotak Mahindra Bank.
Investors must take note of the economic data which will be released on March 12, Ritesh Asher has told Moneycontrol.
We expect the USD-INR pair to trade in a range of 67.80-68.20/dollar today, says Pramit Brahmbhatt of Veracity.
Here is how you should invest in 2017.
ICICIdirect.com has come out with its report on currencies. According to the research firm, one can sell USDINR March future for the target of target of 67.62-67.43
ICICIdirect.com has come out with its report on currencies. According to the research firm, one can sell USDINR Feb future for the target 68.55-68.35.
According to Swastika Investmart, USDINR is expected likely to open in a negative note today. Momentum indicator is reflecting its relief shadow over short positions as on daily chart we are visiting divergence.
ICICIdirect.com has come out with its report on currencies. According to the research firm, USDINR February is expected to trade in a range of 68.76-68.86.
ICICIdirect.com has come out with its report on currencies. According to the research firm, one can sell USDINR Feb future for the target of 68.30-68.12.
ICICIdirect.com has come out with its report on currency. According to the research firm, the US dollar is expected to attract selling pressure on rallies against the INR. One can utilise the highs in the USD/INR February contract to sell. Rupee has resistance at 68.05/68.30, says the report.
ICICIdirect.com has recommended traders to sell USDINR Feb in the range of 68.40-68.50 for the target of 68.20-67.95.
According to Karvy Stock Broking, Indian rupee is expected to open on a positive note and is likely to remain volatile and we recommend buying from lower levels.
According to Karvy Stock Broking, Indian Rupee is expected to open on a negative note with the USDINR pair opening 15-20paisa higher and is likely to depreciate further.
ICICIdirect.com expect the US dollar to find buying support on declines against the rupee. Utilise declines in the US$/INR February contract to buy for target of 68.30-68.46, says the report.
ICICIdirect.com has come out with its report on currencies. According to the research firm, USDINR October is expected to trade in a range of 64.66-64.76.
According to Angel Broking, Indian Rupee is likely to trade positive as surge in US trade deficit has raised concerns with respect to its economic health and has dented early rate hike expectations.
According to Sushil Finance, USDINR is likely to trade positive on the back of short covering after slump in USD.