Market Commentary
Rupee - Nov 17, 2020 - Reliance Securities
Posted On:
2020-11-17 06:09:04
(Time Zone: Arizona, USA)
Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities The Indian Rupee appreciated against the U.S Dollar for a 2nd consecutive session amid improved risk appetite in the region supported by news of another potentially effective coronavirus vaccine. However greenback purchases from PSU banks, likely on behalf of the central bank, along with importers' dollar demand, offset gains. The Rupee ended at 74.46 against the dollar compared with 74.60 close on Friday. The currency had risen to an intraday high of 74.39, but fell to the day's low of 74.63 on persistent dollar buying by state-run banks. Asian currencies appreciated this Tuesday supported by the vaccine news and weak U.S. Dollar Index also lent support. The one-year forward premium rose to a six-week high of 3.11 rupees today compared to 3.06 rupees on Friday. Technically, USDINR Spot pair retreated from 200-DMA which is placed at 74.57 levels and below which could see downside pressure in coming sessions. Resistance is at 74.65-74.78 & Support is at 74.30-74.10 levels. USDINR Spot is expected to trade in a range of 74.20-74.70 levels.
Source: Equity Bulls
Click here to send ur comments or to feedback@equitybulls.com
Other Headlines:
Nifty ends below 15000 amid volatile swings : Angel Broking
Rupee - March 5, 2021 - Reliance Securities
Daily Market Commentary - March 5, 2021 - Bonanza Portfolio
Daily Markets - March 5, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Post Market views - March 5, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Daily Markets - March 4, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Weak global cues jolts our markets, but midcaps outperform : Angel Broking
Daily Market Commentary - March 4, 2021 - Bonanza Portfolio
Rupee - March 4, 2021 - Reliance Securities
Post Market views - March 4, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Technical View - March 4, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities
Outstanding performance by the bulls; Nifty ends around 15250: Angel Broking
Daily Markets - March 3, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Rupee - March 3, 2021 - Reliance Securities
Daily Market Commentary - March 3, 2021 - Bonanza Portfolio
Post Market views - March 3, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Technical View - March 3, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities
Technical View - March 2, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities
Nifty extends its bounce back, reclaims 14900: Angel Broking
Rupee - March 2, 2021 - Reliance Securities
Daily Market Commentary - March 2, 2021 - Bonanza Portfolio
Daily Markets - March 2, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Post Market views - March 2, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Strong global cues helps Nifty reclaiming 14750: Angel Broking
Rupee - March 1, 2021 - Reliance Securities
Daily Market Commentary - March 1, 2021 - Bonanza Portfolio
Post Market views - March 1, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Daily Markets - March 1, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Nifty back to 14500, financials leading the fall : Angel Broking
Rupee - Feb 26, 2021 - Reliance Securities
Daily Markets - Feb 26, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Daily Market Commentary - Feb 26, 2021 - Bonanza Portfolio
Post Market views - Feb 26, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Technical View - Feb 26, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities
Monthly expiry ends tad below 15100 : Angel Broking
Rupee - Feb 25, 2021 - Reliance Securities
Daily Market Commentary - Feb 25, 2021 - Bonanza Portfolio
Daily Markets - Feb 25, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Post Market views - Feb 25, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Daily Markets - Feb 24, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Nifty reclaims 15000 surprisingly despite a truncated day : Angel Broking
Technical View - Feb 24, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities
Rupee - Feb 24, 2021 - Reliance Securities
Post Market views - Feb 24, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities
Technical View - Feb 23, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities
Mandar Pitale, Head - Treasury, SBM Bank India's view on uniform pricing for bonds
Nifty reclaims 14700 but financials sulking a bit : Angel Broking
Rupee - Feb 23, 2021 - Reliance Securities
Daily Markets - Feb 23, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities
Daily Market Commentary - Feb 23, 2021 - Bonanza Portfolio
Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033, Tamil Nadu, India
disclaimer
copyright © 2005 - 2020