JPMorgan Is Adding India To Its Emerging-Markets Bond Index is big positive ,Strong US Dollar Index and rising US bond yields are not allowing the USDINR to sustain at lower levels. Oil prices are in a bullish trend and can become a major troubling factor above 100 USD. As a result, range is now between… Read More »
The Reserve Bank of India (RBI) appears to be clearly indicating its intention to prevent the currency from surging above the previous all-time high, which varies between 83.25 and 83.30,Simultaneously, there is a notable increase in open interest around the 83.00 strike put option, suggesting that traders may be speculating on the USDINR maintaining levels… Read More »
Dollar Index is being driven higher by the surge in US real yields,USDINR pair remains steady.We might witness continued rangebound trading, extending into the upcoming week as well. Traders would do well to maintain their attention on the range between 82.40 and 82.70 for the spot price. A decisive breach of this range could potentially… Read More »
USD/INR experienced another week of lackluster trading, with prices hovering around the 82.00 level on July futures, confined within a narrow 8 paise range on Friday. Speculated central bank intervention appears to be the key factor behind this tight trading pattern. The RBI’s foreign exchange reserve has surged for three consecutive weeks, reaching a 15-month… Read More »
The US Dollar is trading below 100, yet the USDINR pair has remained relatively stable despite the weak US Dollar. This stability is observed despite strong foreign portfolio investments (FPI) inflows into India. The Reserve Bank of India (RBI) is likely implementing aggressive intervention measures to maintain stability. The RBI may be buying US dollars… Read More »
US non farm payrolls at 2.09 lakh jobs vs 2.25 lakhs in June. Wage growth is higher than expected. USD is trading 12 paise lower at 82.64 If the exchange rate sustains below 82.60 on a spot basis, it is recommended to exit long positions. Until the exchange rate drops below 82.60 on a spot… Read More »
US data has been impressive. The GDP for the January to March quarter was revised upwards to 2.00%, and unemployment claims experienced the largest decrease in 20 months. As a result, traders are speculating on a possible interest rate hike by the Federal Reserve next month USDINR June is closed at the high point of… Read More »
USDINR to trade within the range of 81.80/85 and 82.05/08 on the spot. Incase it breaks 81.80 with volume, then we may even see the test of the critical support zone near 81.60/65 levels on spot. Scalping remains the preferred strategy, and despite the historically low implied volatilities and options premiums. USD INR Gann Angle… Read More »
USD INR has done a breakdown below 82. USD INR Gann Angle Chart USD INR did a breakdown at 82, Till below 82 can see fall towards 81.80/81.65. USD INR Plannetary Support and Resistance Line Indain Rupee is above Venus Plannetary line heading towards 82/81.80 USD INR Harmonic Price is heading towards 81.5 … Read More »
RBI’s monetary policy unfolded as expected, resulting in minimal volatility in the USDINR market. Policy rates were left unchanged, while the inflation forecast for FY24 was revised down from 5.2% to 5.1%. RBI maintained its growth expectation for FY24 at 6.5%. Nevertheless, USDINR started the day with a downward gap due to a decline in… Read More »