Forex Trading In India Blog Posts

EURINR

Euro is trading at 1.0440 , retreating from the 1.0499 highs that were seen yesterday. Year end short covering in a thinly traded market led to sharp appreciation in the shared currency but strong resistance near the 1.05 limited upward momentums. Eu...

Rupee Opens At 67.93 Per Dollar; Gains 6 Paise

The Indian rupee gained in the early trade on Friday. It has opened higher by 6 paise at 67.93 per dollar versus 67.99 Thursday. Bhaskar Panda of HDFC Bank said, "Festive fervour is the theme right now across the world. The dollar Index has give...

Buy USDINR; Target Of 67.95

US dollar index is trading at 102.96 and has traded in a narrow range of 102.80 - 103.20 . Existing home sales data print was better than expected but traders seemed to focus on the upcoming holiday session to lock in the profits. Expect no major fir...

Rupee Is Expected To Depreciate

The Indian Rupee depreciated by 0.1 percent yesterday owing to persistent buying of the American currency by importers and banks amid higher US Dollar in the overseas market. The prospect of three more rate hikes in the US prompted the traders to par...

Rupee Opens Higher At 67.83 Per Dollar

The Indian rupee continued its recovery on Thursday for the second consecutive session following correction in dollar. It has opened higher by 8 paise at 67.83 per dollar against previous close of 67.91. Tirthankar Patnaik of Mizuho Bank says he...

SELL JPYINR DEC BELOW 57.74, TGT - Ways2Capital

NSE CDS - SELL JPYINR DEC BELOW 57.74, TGT 57.63, 57.51, 57.39 SL 57.84NSE CDS - BUY GBPINR DEC ABOVE 83.97 TGT 84.08, 84.20, 84.32 SL 83.87For Free Trial : http://www.ways2capital.com Contact us at : 1800-3010-2007http://www.ways2capi...
by Commodity Face on Dec 22, 2016

Rupee Bounces Back, Opens 10 Paise Higher At 67.93 Per Dollar

The Indian rupee recovered in early trade Wednesday after hitting 68 against the US dollar in previous session. The dollar yesterday traded near its 14-year high on hopes of better US growth going ahead and a fastest pace of rate increases in 2017. I...

USDINR

The pair has shown breakout of its falling trend line at 67.50 levels on daily chart. On daily chart USDINR price has retested its falling trend line at 67.20 levels. On daily chart price has taken support of its 61.80% Fib-onacci retracement levels...

EURINR

Euro is trading at 1.0412, bounding from the supports of 1.0350 that were tested yesterday. The rebound in the Euro was fuelled by the dollar weakness rather than positive news from the EU. There is no data to be reported today but the tensions...

Sell EURINR Around 71.20; Target of 70.55

EURINR Dec futures opened flat and prices consolidated for half of the session in the range of 70.80 Price broke the range on the higher side and made a high of 71.10. Prices have been falling sharply after breaking below its 50% Fibonacci retra...

Rupee Is Expected To Depreciate

The Indian Rupee appreciated by 0.01 percent yesterday owing to persistent selling of the American currency by exporters and banks amid lower US Dollar in the overseas market. However, fall in the domestic markets i.e. Sensex and Nifty kept the India...

USDINR

US dollar index is trading at 103.09, rallying in yesterday’s session as markets continued to remain positive on the US dollar. Terror related incidents in different parts of the world led to safe haven buying that also propped up the US dollar.&nb...

SELL JPYINR DEC BELOW 57.78 TGT - Ways2Capital

NSE CDS - SELL JPYINR DEC BELOW 57.78 TGT 57.67, 57.55, 57.43 SL 57.88For Free Trial : http://www.ways2capital.com Contact us at : 1800-3010-2007http://www.ways2capital.com/livlecal...
by Commodity Face on Dec 20, 2016

Rupee Opens Higher At 67.86 Per Dollar

The Indian rupee has opened higher on Tuesday at 67.86 per dollar against previous close of 67.87 a dollar. Ashutosh Raina of HDFC Bank says the dollar index continues to move higher, currently above 103 level, after the hawkish FOMC meeting and some...

USDINR Is Expected To Depreciate

The Indian Rupee depreciated by 0.58 percent yesterday owing to strength in the US Dollar Index after t he US Federal Reserve in Dec’16 FOMC meet finally hiked its interest rates by 25 basis points. This kept the American currency higher in turn de...

Rupee Is Expected To Appreciate

The Indian Rupee, in the last week, depreciated by 0.58 percent ; all thanks to strength in the US Dollar which hit its highest level in nearly 14 years post FOMC event. However, the USDINR did not weaken as sharply as expected owing to RBI intervent...

USDINR

US dollar index is trading at 102.68, bouncing back from lower levels that were seen on Friday after reports about an American drone being captured by China. Tensions however were cooled off after China agreed to return the same. With limited da...

BUY JPYINR DEC ABOVE 57.85 TGT - Ways2Capital

NSE CDS - BUY JPYINR DEC ABOVE 57.85 TGT 57.96, 58.07, 58.19 SL 57.74NSE CDS - BUY GBPINR DEC ABOVE 84.72 TGT 84.83, 84.95, 85.07 SL 84.61For Free Trial : http://www.ways2capital.com Contact us at : 1800-3010-2007http://www.ways2capital.com...
by Commodity Face on Dec 19, 2016

Rupee Opens Lower At 67.81 Per Dollar

The Indian rupee has opened lower by 5 paise at 67.81 per dollar on Monday against Friday's closing value of 67.76 a dollar. Pramit Brahmbhatt of Veracity feels constant FII outflow and strong dollar index will put pressure on the rupee.According to...

Rupee Recovers, Opens At 67.82 Against US Dollar

The Indian rupee has opened higher at 67.82 to the dollar on Friday compared with 67.83 in previous session. Yesterday, it ended at lowest closing level against dollar since December 6, especially after the US Federal Reserve on Wednesday hiked inter...
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