Daily Market Updates
Indian markets see lump USD inflows, keeping INR strong
Reading Time: 1 minute INR opens at 70.89 as against yesterday close to 70.92 and meet trade in the range...
Trump tweets back in driving set; Global market rattles as trade deal may get pushed by over a year
Reading Time: 1 minute INR opens weaker at 71.80 as against yesterday’s close of 71.66 and see some amount of...
GDP numbers as expected; GST collections bounce up ; INR steady
Reading Time: 1 minute INR opens near flat at 71.78 as against Fri close of 71.74 and May trade in...
Macros for India financial sector seems to be resolving; Global market awaiting US-China deal
Reading Time: 1 minute INR opens flat at 71.61 and looks like may trade in India 71.35 to 71.70. Yesterday there...
Lot of small positive news for general risk sentiment; Next trigger could be GDP data on 29th Nov
Reading Time: 1 minute INR opens stronger at 71.68 as against yesterday’s close of 71.73. On the lower side, we...
Hopes of US-China trade deal and possible inflow of SBI bonds
Reading Time: 1 minute INR opens flat at 71.71 and now 71.68 and looks mildly strong as Asian markets are rallying...
INR having positive news flow in otherwise sombre global mood
Reading Time: 1 minute INR opens at 71.82 against yesterday’s close of 71.81 and trade in the range of 71.65 to...
GSec yields continue to be soft neglecting fiscal concerns; Telecom sector revival good news
Reading Time: 1 minute INR opens weaker at 71.84 as against yesterday close at 71.71 and may trade in a...
INR gains as Arcelor Mittal USD inflow becomes near certain
Reading Time: 1 minute INR opens stronger at 71.68 and may trade range of 71.50 to 71.90. On Friday we had...
Poor economic data and fiscal concerns driving fresh weakness in INR
Reading Time: 1 minute INR opens flat at 72.07 and today may test another imp level of 72.25 and then...
Fiscal concerns for India may weaken INR
Reading Time: 1 minute INR opens weaker at 71.35 as against Friday close of 71.29 and may trade with a...
Moody’s send a strong feedback to Govt by lowering India credit outlook
Reading Time: 1 minute INR opens at 71.30 as against yesterday’s close of 70.97 as Moody’s downgraded India’s credit outlook...
Twists and turns in US China deal resulting in one step forward and one step backwards for markets
Reading Time: 1 minute INR opens at 71.04 as against yesterday’s close of 70.98 and may see a range of...
CNY trades below 7.0; but INR is range bound
Reading Time: 1 minute INR is likely to open around 70.80 as against yesterday’s close of 70.69 and between trade...
India refuses RCEP; Bajaj Finance QIP to be watched for INR gains
Reading Time: 1 minute INR opens at 70.84 and would continue to trade in small range of 20 to 30 paise....
Risk sentiment seems to be improving – INR range to be 71.30 to 72.20
Reading Time: 1 minute Today, INR opens at 71.84, slightly weaker compared to Monday’s closing. We believe that for sometime INR may trade in...
US-China trade war dwarfs stimulus announcement by FM – INR to remain weak
Reading Time: 1 minute Global markets are reeling under tariff trade war. On Friday, India FM announced many measures to improve...
CNY springs surprise; shoots up; Overall risk aversion comes back- INR looks quite weak – may be 74 levels over next 4-6 weeks
Reading Time: 1 minute Today, till about 9:05 AM, it appeared that for sometime global risk may subside as US...
Surprising de-escalation of tension between US and China; Next two weeks things may be normal
Reading Time: 1 minute INR opens 70.99 as against yesterday close of 71.40 and now 70.91. Overnight, easing of tension between US...
CNY continues to slide amidst assurance from PBOC; INR only following CNY; Today RBI may cut rate more than 25 bp
Reading Time: 1 minute INR opens at 70.96 as against yest close of 70.81 and today may trade in range...
Past history of CNY devaluation suggests that there could be INR worries for next 2-3 weeks
Reading Time: 2 minutes After yesterday turmoil in currency and equity markets, today there is calm. INR opened at 70.80...
CNY weakens above 7.0 and INR at 70.50- Start of trade war turning into currency war between US and China
Reading Time: 1 minute Today is a big day for currency markets. China has fixed CNY above 7.0 and it indicates trade...
RBI may cut interest rate by 0.5% and indicate more cuts; US fed cuts by 0.25%
Reading Time: 1 minute INR opens weaker at 69.20 as against yest close of 68.78 and may trade in range...
For how long can INR remain stable – Until yield differential is high
Reading Time: 1 minute INR opens 68.95 as against Fri close of 68.90 and may trade in range of 68.80 to...
IMF says USD overvalued; Major Central banks set to cut rates
Reading Time: 1 minute Given below is meeting calendar of four major central banks and all of them are expected...
INR in tight range and waiting for trigger
Reading Time: 1 minute INR opens at 68.56 and it seems to be in very very tight range for some...
Looks after US rate cut, equities may fall and USD may rise (Bec all was discounted !)
Reading Time: 1 minute INR open almost flat 68.61 as against yest close of 68.55. Today market is awaiting US...
Bond market inflows to offset any weakness in equity
Reading Time: 1 minute INR opens at 68.68 as against yesterday‘s close of 68.66 and today it may trade in a...
INR could see some weakness to shed overvaluation
Reading Time: 1 minute INR opens at 68.57 and now our preferred view is that INR could about one rupee weaken from here,...
Economic survey suggests push to exports; we feel RBI may support and not let INR become overvalued
Reading Time: 1 minute INR opens at 68.55 as against yesterday’s close of 68.50. Today, depending on the budget announcements, rupee...
Good budget expectations and fall in crude keep INR gaining
Reading Time: 1 minute INR opens around 68.84 as against yesterday‘s close of 68.93 and today meet trade in a narrow...
US-China risks subside for the moment. Rupee to be in the range of 68.80-69.50 before budget.
Reading Time: 1 minute INR opens stronger at 68.89 as against Friday’s close of 69.02. Today it may range between 68.80...
INR is tight range of 69.0-70.0 under watchful eyes of RBI
Reading Time: 1 minute INR opens at 69.26 as compared to yesterday close of 69.15 and during the day it may...
Trump also down USD; yesterday INR saw FII inflows
Reading Time: 1 minute INR opens stronger at 69.31 as against yest close of 69.35 and in the day trading range...
INR stays in range; eye on G-20 over weekend
Reading Time: 1 minute INR opens 69.60 as against Fri close of 69.55 and may trade in range of 69.45 to...
Crude spurt 5% as US-Iran tension escalates; We think no major worry for INR
Reading Time: 1 minute Rupee opens weaker at 69.74 as against yesterday’s close of 69.44 and during the day range could...
Trump tweets lifts markets; Indian bonds see further dip in yields
Reading Time: 1 minute INR opens stronger at 69.55 as against yesterday close of 69.70 and may trade in the...
Main triggers ahead are US FOMC and G20 meeting outcome
Reading Time: 1 minute Market Highlights & Commentary: INR opened flat at 69.55 as against yesterday close of 69.51 and may trade...
Crude retraces back; INR back in range of 69 – 69.50
Reading Time: 1 minute Market Highlights & Commentary: INR opens at 69.45 as against yesterday’s close of 69.65 and may trade the...
Trump eases on Mexico tariffs; Asian equities cheer it
Reading Time: 1 minute INR opens mildly stronger at 69.42 as against Friday’s close of 69.47. Today the range could...
USD selling seen even at small upticks; NBFC liquidity crisis needs to be watched
Reading Time: 1 minute Market Highlights & Commentary: INR likely to start the day stronger around 69.20-69.25 as against yesterday’s close of...
Continued fall in crude prices to support; Expect RBI to announce measures to wrest NBFC crisis
Reading Time: 1 minute Market Highlights & Commentary: INR likely to start the day around 69.35-69.40 and stay in this range before RBI monetary...
India 10 year yield falls below 7%; overall positive environment for INR
Reading Time: 1 minute Market Highlights & Commentary: INR opens stronger at 69.09 as against yesterday close of 69.23 and may trade the day...
Exit polls show strong BJP number: Investors look for Policy continuity, Rupee and bonds gains
Reading Time: 1 minute Strong showing of BJP and therefore policy continuity leads to a stronger opening at 69.40 as against Fri...
Rupee near important level of 70.40 and could see reversal; Crude Oil and Dollar cool off
Reading Time: 1 minute Market Highlights & Commentary: INR opens 70.13 as against yesterday’s close of 70.25 and may trade the day...
USD looks further strong; RBI intervention and lumpy USD inflows eyed
Reading Time: 1 minute Market Highlights & Commentary: Likely to open weaker at 70.05 as against yesterday close of 69.87. Today INR...
Likely inflow of Vodafone rights issue + NCLAT comment on Arcelor led to sharp INR gains
Reading Time: 1 minute INR opens 69.28 as against yesterday close of 68.29 and may trade in the range of 69.00...
Limited impact of Indo-Pak escalation on INR; RBI is watching
Reading Time: 1 minute Market Highlights & Commentary: INR opens flat at 71.11 as against yesterday close of 71.08 and may trade...
RBI Meeting outcome @ 11:45 AM – A lot depends on it.
Reading Time: 1 minute Market Highlights & Commentary: Rupee opens weaker at 71.73 as against yesterday’s close of 71.55 and may trade...
Solid US NFP and crude drifting higher could hurt Rupee
Reading Time: 1 minute Market Highlights & Commentary: INR opens weaker at 71.59 as against last week close of 71.24 and may trade the...
Dovish Fed; USD falters; EMs gains but INR gains are muted
Reading Time: 1 minute Market Highlights & Commentary: INR opens stronger at 70.94 against yesterday close of 71.12 and may trade the...
BREXIT vote failed- not much reaction; INR now eyeing budget.
Reading Time: 1 minute INR opens flat at 71.08 as against yesterday close of 71.04 and may trade in range of...
Week starts with risk ON mood; crucial level of 68.85 is eyed
Reading Time: 1 minute Open stronger at 69.42 as against Fri close of 69.68 and may trade in range of...
Strong signs of no more rate hikes by US; US-China meeting on Jan 7-8
Reading Time: 2 minutes Market Highlights & Commentary: INR opens stronger at 69.96 as against yesterday close of 70.19 and may trade the day...
Trend of sharp two way moves; broad direction still of INR strength
Reading Time: 2 minutes Market Highlights & Commentary: INR opens at 69.96 as against yesterday close of 69.72 and may trade the day mixed...
Market turns flat ahead of Fed meet, INR sees marginal gains.
Reading Time: 2 minutes Market Highlights & Commentary: INR opens marginally strong at 71.79 as against last week close of 71.90...
ECB, like US Fed, echoing slowdown in growth
Reading Time: 2 minutes Market Highlights & Commentary: INR open weaker at 71.78 ahead of RBI board meeting and may trade...
Market cheer IIP and CPI data
Reading Time: 3 minutes Market Highlights & Commentary: INR open stronger at 71.69 against yesterdays close of 72.01 and may trade...
Focus back to fundamentals; BJP’s performance not that bad
Reading Time: 3 minutes Market Highlights & Commentary: INR likely to open weaker for the 2nd consecutive day around 72.20-72.25 as against yesterdays...
Change in RBI -Liquidity may improve; BJP wash out in elections
Reading Time: 2 minutes Market Commentary: INR opens weaker at 72.45 at 5-weeks low. Intraday range likely to be 72.10-73.00+ with heighten volatility high anticipated. Yesterday...
Slower growth in US and other countries is the latest theme
Reading Time: 1 minute INR forecast: INR opens stronger at 70.55 as against yesterdays close of 70.90 and may trade the day between 70.40-70.70 under...
RBI likely to hold rate, While power of Trump tweet- risk aversion restarts
Reading Time: 1 minute INR forecast: INR opens weaker at 70.64 as against yesterdays close of 70.49 and may trade the day between 70.45-70.80...
For now 70 should hold, US-China meeting (Dec 1) and State election results to watch
Reading Time: 1 minute INR forecast: INR likely opens at 70.49 as a against last week close of 70.67 and may trade the...
INR could see swings post RBI board meeting
Reading Time: 1 minute INR forecast: INR opens flat at 71.92 against last week close of 71.92 and may trade the...
Increased prospects of truce between US and China; BREXIT uncertainty is non event
Reading Time: 1 minute INR forecast: INR opens flat at 71.99 as against yesterday close of 71.98 and may trade the day between 71.70-72.18...
Till State elections, no major event; INR may see further gains.
Reading Time: 1 minute INR forecast: INR opens stronger at 72.06 as against yesterday close of 72.30 and may trade the day mixed between 71.90-72.30. For last...
Markets to now start pricing political uncertainty
Reading Time: 1 minute INR forecast: INR opens weaker at 72.72 as against Fridays close of 72.49 and may trade the day between 72.45-72.95 under...
Current correction in INR may have more steam left
Reading Time: 1 minute INR forecast: INR opens stronger at 72.70 as against previous close of 73.04 and may trade the day between...
Flat markets ahead of Iran sanction (Nov 4th) and US mid (Nov 6th)
Reading Time: 1 minute INR forecast: INR opens weaker at 73.42 as against yesterday’s close around 73.27 and any trade the day between...
Swift move by RBI to infuse liquidity; averts NBFC crisis
Reading Time: 1 minute INR forecast: INR opens flat 73.60 may trade the day between 73.36-73.77 under two-way price action. Rbi measure to ease liquidity...
INR in a uncertain zone-72.90 to 73.50; next few days are critical
Reading Time: 1 minute INR forecast: INR opens Flt at 73.41 as against yesterday’s closing of 73.46 and may trade the day between 73.10-73.60 under two way...
Local data releases support INR; could remain in range for a while
Reading Time: 1 minute INR forecast: INR opens at 73.80 as against yesterdays closing of 73.83 and may trade the day between 73.50-74.00...
INR witnessing technical correction; possibly towards 73.10
Reading Time: 1 minute INR forecast: Opens stronger at 73.83 as against yesterday close of 74.12 and may trade the day between 73.60-74.20 under two-way...
DOW slump triggered by rising US interest rate; EMs drop
Reading Time: 1 minute INR forecast: Opens weaker at 74.42 and range for the day is 74.30 to 74.60 Overnight slump of...
IMF cuts 2019 growth forecast for US and China
Reading Time: 1 minute INR forecast: Opens stronger at 73.86 as against yest close of 74.07. Range for the day is 73.70...
RBI keeping status quo; focus back to basics – US yield and Crude
Reading Time: 1 minute INR forecast: INR opens weaker at 73.94 as against last week close of 73.77 and may trade the day between...
Although inflation does not demand rate hike, RBI may still do it.
Reading Time: 1 minute INR forecast: INR opens at 72.60 as against Fri close 72.48 and may trade the day between 72.30-72.80 under two-way price...
Would duty hike really help?
Reading Time: 1 minute INR forecast: INR opens stronger 72.41 as against yesterday closing of 72.61 and may trade the...
US FOMC in sight, Iran sanctions on Nov 4th.
Reading Time: 1 minute INR forecast: INR likely opens flat around 72.670 against the previous close of 72.69 and may trade the...
INR is testing nerves of forecaster
Reading Time: 1 minute INR opens weaker at 72.47 as against Fri close of 72.19 and may trade in range...
Early signs of short term reversal in INR
Reading Time: 1 minute INR forecast: INR opens stronger at 71.84 as against Wed close of 72.37. A decent gap down opening....
China reacts mildly to fresh US tariffs, markets unmoved
Reading Time: 1 minute INR forecast: INR likely to opens stronger at 72.71 as against yesterdays close of 72.98 and...
It appears that Trump tirade may slow down
Reading Time: 1 minute INR forecast: INR opens flat at 72.54 as against previous close of 72.51 and may trade...
Half hearted intervention from Govt: INR bounces back
Reading Time: 1 minute INR forecast: INR opens with massive overnight weakness at 72.52 as against last week closing...
Signs of profit booking in USDINR
Reading Time: 1 minute INR opens 71.69 as against Wed close of 72.19. Range for the day is 71.60...
Trump train roll on and picks speed
Reading Time: 1 minute INR forecast: INR opens weaker around 72.17 as again Fri close of 71.73 and may...
Yesterday first signs of strong intervention by RBI; technically INR still looks weak
Reading Time: 1 minute INR forecast: INR likely to open marginally strong around 71.90-71.92 against yesterday close of 71.99...
US India 2+2 meeting in focus
Reading Time: 1 minute INR opens 71.64 as against yest close of 71.75. Range for the day is 71.50...
SEBI circular spokes FPI; Brent rise results in GSec spike
Reading Time: 1 minute INR forecast: INR opens weaker at 71.28 as against yesterday close of 71.21 and may trade...
India healthy Gap growth but globally it is risk aversion
Reading Time: 1 minute . INR forecast: INR open stronger at 70.80 as against last week close of 70.99 and...
Time for policy makers to intervene, signs of panic in market are emerging
Reading Time: 1 minute INR forecast: Opens 70.95 as against yesterday close of 79.74. Range for the day is...
INR trying to break above 70.30-70.40 levels.
Reading Time: 1 minute . INR forecast: INR opens weaker at 70.31 as against yesterday close of 70.10 and may trade the day between 70.05-70.40...
Revised NAFTA; Trump had its say!; USD losses; INR still weak
Reading Time: 1 minute . INR forecast: INR opens 70.02 as against yesterday close of 70.16 and may trade the...
China takes steps to stabilise CNY: INR also gains
Reading Time: 1 minute . INR opens 69.76 as against Fri close of 69.91. Range for the day is 69.58...
US-China trade talk ended without results; Trump tweet again S Africa driving EMs lower
Reading Time: 1 minute INR forecast: INR opens weaker a 70.18 as against yesterday closing of 70.11 and may trade...
Despite fall in USD index, INR weakens – indicating weak undercurrent for INR
Reading Time: 1 minute INR forecast: INR opens weaker at 70.02 as against previous close of 69.81 and may trade the day between 69.80-70.20...
Dollar index fell on Trump comments: INR gains for second consecutive day
Reading Time: 1 minute INR forecast: INR opens stronger at 69.65 as against yesterday’s close of 69.82. Range for the...
INR in unchartered territory, Indian policy makers seem calm
Reading Time: 2 minutes INR forecast: INR opens weaker at 70.18 as against Tue close of 69.90 and may...
Massive external debt is the main reason for sharp fall of TRY. India has to watch out!
Reading Time: 2 minutes INR: Opens stronger at 69.83 as against yesterday close of 69.93 and range for the day...
Turkey leads the plunge -INR opens at lifetime low of 69.49
Reading Time: 2 minutes INR: INR opens at 69.49 as against Fri close of 68.82. Now 69.50 after seeing...
US imposes sanction on Russia – currency markets and USD rises
Reading Time: 1 minute INR opens weaker at 6883 as against yest close of 6868 Range for the day...
Crude falls by 3% aiding INR
Reading Time: 1 minute INR forecast: INR open stronger at 68.47 as against previous close of 68.62 and may trade the day...
Stable market – Waiting for new triggers
Reading Time: 1 minute INR forecast: INR flat around 68.67 as against previous close of 68.68 and may trade the...
Parliament Standing Committee wants restoration of LOU (Letter of Undertaking)
Reading Time: 1 minute INR forecast: INR opens weaker at 68.91 as against previous close of 68.88 and may...
Some stability in CNY
Reading Time: 1 minute INR forecast: INR opens flat 6856 as against last week close of 68.60 and may trade...
Escalating U.S-China trade row, drags INR lower
Reading Time: 1 minute INR forecast: INR opens flat 6869 as against yesterday close of 6870 and range for the day is 6854 to 6885. Domestic...
RBI hike interest rate by 25bps to curb inflationary pressure
Reading Time: 1 minute INR forecast: INR opens strong at 6837 against yesterday close of 68.45 and now 6830. For the day, range could...
INR opens cautioned at 68.55 ahead of RBI meeting
Reading Time: 1 minute INR forecast: INR opens flat 68.55 as against yesterday’s close of 68.54 and now at 6851....
INR paused ahead of RBI meeting
Reading Time: 1 minute INR forecast: INR opens flat at 6870 as against yesterday closing of 68.68 and may trade...
RBI expected to maintain status quo on monetary policy
Reading Time: 1 minute INR forecast: INR opened at 6869 and now at 6877. Range for the day is 6860 to...
CNY above 6.80, RBI intervention keeps INR stronger
Reading Time: 1 minute INR forecast: INR opens stronger at 6863 as against yesterday close of 68.66 and may trade the day...
INR gains on back of positive development from trade war
Reading Time: 1 minute INR forecast: INR opens stronger 68.71 against yesterday close of 68.78 and may trade the day between...
INR opens little changed, as market waits for any fresh development from Trade war.
Reading Time: 1 minute INR forecast: INR opens flat at 6896 and now 6894. Range for the day is 6880 to 6910...
USD gains momentum on surging 10 year yield
Reading Time: 1 minute INR forecast: INR opens weaker at 6897 as against yesterday close of 6886 and may trade the day between 68.85-69.10+ under two...
INR opens stronger on Trumps comments over stronger USD
Reading Time: 1 minute INR forecast: INR opens stronger 68.70 against last week close of 68.84 and may trade the day...
CNY weakness drives INR to all time low
Reading Time: 1 minute INR forecast: INR opens flat 6902 and may trade the day between 68.88-69.15+ under two way price action....
INR slipped lower over U.S-China trade tariff issue
Reading Time: 1 minute INR forecast: INR opens weaker @ 6871 as against previous close of 68.62 and may trade...
Dollar gains positive momentum on hawkish Fed tone
Reading Time: 1 minute INR forecast: INR opens 6841 as against previous close of 68.45 and may trade the day...
Trump-Putin meeting concludes, limited market reaction
Reading Time: 1 minute INR forecast: INR opens stronger at 68.39 as against previous close of 68.57 and may trade the...