Jan 18 2019

Rupee Falls For 2nd Week As Fiscal Woes Spur Outflows

Financial Market Overview 18th January, 2019 Evening Coffee                                                                         Indian Rupee:- The Indian rupee fell for a second week, as concerns that likely pre-election spending may lead the nation to deviate from its fiscal consolidation path triggered outflows from local bonds. The rupee settled at 71.18 to a dollar against 71.05 at the previous

Jan 18 2019

Rupee Opened Flat Amid Divergent Reports On US-China Trade

USD/INR – The Indian opened little changed against the dollar, in line with other regional currencies, amid conflicting reports about U.S.-China trade relations. The rupee opened 71.0650 versus its previous close of 71.05. The key negatives for the rupee are in the form of Brent crude oil at above $60 per barrel and foreign outflows

Jan 17 2019

Rupee Snaps 4-Day Fall On Banks’ Dollar Sales

Financial Market Overview 17th January, 2019 Evening Coffee                                                                         Indian Rupee:- The Indian rupee rebounded from early losses to rise for the first time in five sessions against the dollar, as state-run and private banks sold the greenback likely on behalf of exporters. The rupee ended at 71.05 to a dollar, against 71.24 at

Jan 17 2019

Rupee Opened Higher As RBI Eases ECB Policy

USD/INR – The Indian rupee opened higher against the dollar after the Reserve Bank of India eased rules for companies’ overseas borrowing. Tepid regional cues, however, will likely keep the currency’s advance in check. The rupee opened at 71.15 versus its previous close of 71.24. The further simplification of the external commercial borrowing (ECB) rules

Jan 16 2019

Rupee heading towards previous lows

Seeing the daily charts, a double bottom seems to be forming which may make way for higher USDINR towards 72.4550 (yellow horizontal line where earlier resistance was seen around that level). To head towards that, the local currency has to go past the 3 month upper trend line marked in red which is at the

Jan 10 2019

Euro – caught between Fed and ECB minutes

Dovish FOMC minutes triggered a breakout for the Single currency to go past 1.15. Now with it hovering around 1.1514 handle, the pair patiently waits for the ECB minutes due later today at 6 pm IST. Hawkish minutes will further raise the hopes of 1.16 with an eye on the slowing of global economy at