The global environment continues to favour the US Dollar, driven by the Federal Reserve’s hawkish comments, which have pushed the yield on the US 10-year Treasury to the 5% mark, leading to a sell-off in equities. The US Dollar is currently trading relatively flat against major currencies. Traders may consider buying the dip with a… Read More »
The adverse impact from the conflict in ISRAEL-PALESTINE WAR seems to be relatively limited, particularly if the conflict doesn’t directly involve Iran. Oil prices rising by approximately 4% and nearing $88 per barrel. US 10-year Treasury yields remain flat at 4.80%, Oct 16-20 week is going to be critical for markets. Possibly, it will get… Read More »
RBI’s sounded hawkish on inflation front and talk about possible OMO sales is positive for INR yields. Higher yields can push the forward premium higher and slightly positive for Rupee. But at the end of the day, direction of USDINR will be dictated by global trend of the US Dollar and the US bond yields.… Read More »
This decrease in US yields has prompted a much-needed correction in the US Dollar, which had become excessively overvalued. This technical correction could be advantageous for the Indian Rupee, which has struggled to stay below the all-time high of 83.29 against the US Dollar. We may see the USDINR spot rate gradually decline toward the… Read More »
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 »