Oct 06 2017

Rupee ends lower Indian equities closes higher U.S jobs data eyed

Posted Date:-06-Oct-2017 Financial Market Overview 06th October, 2017 Evening Coffee:-                                                                                       MARKETS AT CLOSE:- Rupee:- The rupee settled at 65.3750 to a dollar, against 65.14 at the previous close. It moved in a 65.19-65.39 to dollar band today. The currency fell 0.15% in a holiday-truncated week. Indian markets were shut on Oct. 2

Oct 06 2017

Rupee lower as U.S tax reform hopes and strong economic data supports Dollar

Posted Date:-06-Oct-2017 Financial Market Overview 06th October, 2017 Morning Coffee:-                                                                                   MARKETS AT OPEN:- Rupee:- Indian rupee trade lower against the dollar in early trade, tracking overnight gains in the greenback that rose to a multi-week high on strong economic data amid hopes of progress on U.S. tax reforms and underpinned by strong Treasury

Oct 05 2017

Rupee falls on Importers Dollar bids India services activity returns to growth

Posted Date:-05-Oct-2017 Financial Market Overview 05th October, 2017 Evening Coffee:-                                                                                       MARKETS AT CLOSE:- Rupee:- The Indian rupee fell against the dollar, as importers stepped up greenback purchases after an upbeat U.S. economic data strengthened bets of another rate increase in the world’s largest economy. However, likely corporate dollar inflows limited the rupee’s

Oct 05 2017

Rupee turned higher on Dollar inflows

Posted Date:-05-Oct-2017 Financial Market Overview 05th October, 2017 Noon Update:-                                                                                   MARKETS AT Noon:- Rupee:- The Indian rupee turned higher against the dollar in afternoon trade, on likely corporate Dollar sales. The rupee was last seen at 65.04 to a dollar, against 65.01 at previous close. The currency had risen to a day’s high

Sep 14 2017

GBPUSD Technical View

  The pair seems now poised to extend its decline, as in the 4 hours chart, the price broke below the 1.3225 price zone, where it has its 20 SMA and the 23.6% retracement of its latest bullish run between 1.2908 and the afore mentioned high of 1.3328, heading now towards the 1.3160 region, where

Sep 13 2017

Sell GBPUSD at 1.3350 60 for a target of 1.3110

Author:-Ankit Nagpal GBPUSD:- GBPUSD is getting closer to its major resistance zone, on a daily chart the pair is trading in a upward sloping trend channel and the resistance of this trend channel is at around 1.3375-80 mark. A reversal is expected from the said resistance area. Momentum indicator 14-day RSI is in overbought territory, presently

Sep 11 2017

EURUSD “Euro-vs-US-Dollar”

Author:-Ankit Nagpal Posted Date:-11-Sep-2017 The EURUSD pair has reached a new high and right now is moving downwards with the target at 1.1994. We think, today the price may reach this target and then grow towards 1.2043, thus forming the descending impulse along with the correction. Later, in our opinion, the market may form another consolidation

Sep 08 2017

Crude OilNYMEX at current market 49.00 for a target of 47.75

Posted Date:-08-Sep-2017 Crude Oil(NYMEX):- The crude oil is trading at its major resistance zone. On a daily chart a downward sloping trend-line is applied to the peaks, ranging from 55.00, 53.73, 50.40, 50.19 and 49.39 which is showing the highs are getting lower. We suggest to sell the oil at current levels. Trade Idea:- Sell Crude Oil(NYMEX)

Sep 06 2017

Sell USDINR at 64.30 for a target of 64.00

Posted Date:-06-Sep-2017 USDINR:-Analysing the 4-hour frequency chart of USDINR is showing a formation of “Symmetric Triangle”. A pattern in which the outcome is dependent on either side range breakout, whether it is upside or downside. In the current scenario the pair USDINR is trading in between the range of symmetrical triangle pattern, and we suggest

Aug 11 2017

What-is-the-Liberalised-Remittance-Scheme-(LRS)-of-USD-2,50,000

Ans. Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both. Further, resident individuals can avail of foreign exchange facility for the purposes mentioned in Para 1