Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Market Commentary

| More

Rupee - Nov 2, 2020 - Reliance Securities

Posted On: 2020-11-14 03:44:57 (Time Zone: Arizona, USA)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

The Indian Rupee ended flat on Friday, however, for the week the currency depreciated against the U.S. Dollar amid as persistent dollar purchases from state-run banks, likely on behalf of the central bank.

The Rupee ended at 74.60 to the dollar compared with 74.65 in the previous session. For the week, the rupee depreciated by 0.5%.

The U.S Dollar Index is trading weak this Friday afternoon trade, while most of the Asian currencies were stronger against the U.S. Dollar and lent support this Friday.

However, risk appetite waned as a gloomy global economic outlook dampened sentiment due to rising COVID-19 infections in the U.S. and Europe and kept appreciation bias limited.

The one-year forward premium was at 3.06 rupees, against 3.04 rupees in the previous session.

Indian financial markets are closed on November 16 for a local holiday.

Technically, USDINR Spot pair ended near 200-DMA at 74.53 levels, while 74.75 remained a hurdle. However above 74.35 indicating for sideways to marginal upside momentum. Resistance is at 74.75-74.88 & Support is at 74.35-73.20 levels.

USDINR Spot is expected to trade in a range of 74.25-74.80 levels.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Broader markets witness some profit booking, be watchful: Angel Broking

Daily Markets - Jan 21, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - Jan 21, 2021 - Reliance Securities

Sensex touches 50k - Comment from YES SECURITIES

Post Market views - Jan 21, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Sensex hits all time high - Mr. Jyoti Roy, DVP - Equity Strategist, Angel Broking Ltd

Ether Hits All-Time High - Views of ZebPay

Stronger hands preferred exiting longs: Angel Broking

Momentous day for India's Capital Markets - Mr. Deepak Jasani

Daily Markets - Jan 20, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

New high again for Nifty, ends around 14650: Angel Broking

Rupee - Jan 20, 2021 - Reliance Securities

Daily Market Commentary - Jan 20, 2021 - Bonanza Portfolio

Post Market views - Jan 20, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Jan 20, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - Jan 19, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Smart comeback after two days correction, reclaims 14500: Angel Broking

Rupee - Jan 19, 2021 - Reliance Securities

Daily Market Commentary - Jan 19, 2021 - Bonanza Portfolio

Post Market views - Jan 19, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Jan 19, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - Jan 18, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Friday's Correction extends, Nifty enters sub 14300 territory: Angel Broking

Daily Market Commentary - Jan 18, 2021 - Bonanza Portfolio

Rupee - Jan 18, 2021 - Reliance Securities

Post Market views - Jan 18, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Jan 18, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Jan 15, 2021 - Reliance Securities

Daily Markets - Jan 15, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

The fear index rallied 16% last week, stay cautious: Angel Broking

Post Market views - Jan 15, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Jan 15, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - Jan 14, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - Jan 14, 2021 - Reliance Securities

Daily Market Commentary - Jan 14, 2021 - Bonanza Portfolio

Post Market views - Jan 14, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Jan 14, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Jan 13, 2021 - Reliance Securities

Daily Markets - Jan 13, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Some hint of real of profit booking, market still defends key support: Angel Broking

Daily Market Commentary - Jan 13, 2021 - Bonanza Portfolio

Post Market views - Jan 13, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Jan 13, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Nifty almost at 14500, IT and Auto stocks shine: Angel Broking

Daily Markets - Jan 11, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - Jan 11, 2021 - Reliance Securities

Daily Market Commentary - Jan 11, 2021 - Bonanza Portfolio

Post Market views - Jan 11, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Jan 11, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Markets - Jan 8, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities



Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020