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

| More

Rupee - Oct 18, 2021 - Outlook - Reliance Securities

Posted On: 2021-10-18 11:49:00 (Time Zone: IST)


Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

The Indian Rupee appreciated on Friday, but for the week the it ended weak for the 4th straight week against the U.S. dollar on the back of a consistent rise in crude oil prices that prompted concerns of higher inflation.

The Rupee ended at 75.26 to a dollar compared with 75.37 in the previous session.

For the week, it depreciated 0.4%, adding to the 2% drop in the last three weeks.

In the overseas markets, the dollar index remained range bound, but settled weaker and below the 94.00 level.

The dollar ended its five-week winning streak, as global risk appetite rebounded, helping reduce demand for the safe-haven currency.

U.S. retail sales data was also upbeat on Friday and pushed investors out of safe havens like the dollar.

The Indian Rupee could open stronger this Monday morning against the dollar, tracking a fall in the greenback.

The Rupee could open around 75.00-75.05 in initial trades compared with 75.26 in the previous session.

However, crude continues to remain firm and will limit further appreciation.

NDF is at 75.01/02 this Monday morning vs. a close of 74.94 on Friday.

Most of the EM and Asian currencies have started slightly weaker against the Dollar and could keep appreciation bias capped of the local unit.

Technically, the USDINR Spot pair supports are 75.00 and 74.90 and resistances are 75.30 and 75.67.

The U.S. Dollar has started higher this Monday morning in Asian trade.

On the charts, the Dollar Index resistances are at $94.10 and $94.27. Supports are at $93.77 and $93.67.

The Euro and the Sterling have started flat to marginally weaker against the dollar this Monday morning in Asian trade.

The Yen has started marginally stronger against the Greenback this Monday morning.

Disclaimer: The recommendations, if any, made herein are expression of views and/or opinions and should not be deemed or construed to be neither advice for the purpose of purchase or sale of any security, derivatives or any other security through RSL nor any solicitation or offering of any investment /trading opportunity on behalf of the issuer(s) of the respective security(ies) referred to herein. These information / opinions / views are not meant to serve as a professional investment guide for the readers. No action is solicited based upon the information provided herein. Recipients should rely on information/data arising out of their own investigations. Readers are advised to seek independent professional advice and arrive at an informed trading/investment decision before executing any trades or making any investments. While due care has been taken to ensure that the disclosures and opinions given are fair and reasonable, none of the directors, employees, affiliates or representatives of RSL shall be liable for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including lost profits arising in any way whatsoever from the information / opinions / views contained herein.


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





Other Headlines:

Evening Currency Updates - Nov 29, 2021 - Kotak Securities

Daily Market Wrap - Nov 29, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - Nov 29, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

Technical View - Nov 29, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Views on Rupee - Nov 26, 2021 - Reliance Securities

FIIs' selling is a key concern for the Indian equity market : Parth Nyati, Founder, Tradingo

Technical View - Nov 26, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Fresh increase in Covid-19 cases dent sentiments across the globe

Daily Markets Wrap - Nov 22, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Indian market witnessed a sharp sell-off today - Mr. Santosh Meena, Head of Research, Swastika Investmart

Technical View - Nov 22, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Daily Market Wrap - Oct 25, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Investors are advised to keep strict stop loss to their positions - Mr. Rahul Sharma, Co-Founder, Equity99

Post Market views - Oct 25, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Oct 25, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - October 23, 2021 - Weekly Wrap - Reliance Securities

Daily Market Wrap - Oct 22, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Post Market views - Oct 22, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Oct 22, 2021 - Mr. Nagaraj Shetti, Technical Research Analyst, HDFC Securities

Rupee - Oct 21, 2021 Outlook - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Pre Market views - Oct 21, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

Daily Global Market Update by Kristal.AI - Oct 20, 2021

Rupee - October 20, 2021 Outlook - Reliance Securities

Pre-Market views - Oct 20, 2021 - Mr Binod Modi, Head Strategy at Reliance Securities

Daily Market Wrap - Oct 19, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 19, 2021 - Bonanza Portfolio

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

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

Rupee - Oct 18, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Daily Market Wrap - Oct 18, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

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

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

Daily Market Wrap - Oct 14, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 14, 2021 - Bonanza Portfolio

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

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

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

Daily Market Wrap - Oct 13, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Market in a strong position, a good move is expected from Banks, Automobiles and IT sector

Rupee - Oct 13, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Daily Market Commentary - Oct 13, 2021 - Bonanza Portfolio

Technical View - Oct 13, 2021 - Mr. Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities

Daily Market Commentary - Oct 12, 2021 - Bonanza Portfolio

Daily Market Wrap - Oct 12, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Rupee - Oct 12, 2021 - Mr. Sriram Iyer, Senior Research Analyst at Reliance Securities

Post Market views - Oct 12, 2021 - Mr. Binod Modi, Head Strategy at Reliance Securities

Technical View - Oct 12, 2021 - Mr. Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities

Daily Market Wrap - Oct 11, 2021 - Mr. Deepak Jasani, Head of Retail Research, HDFC Securities

Daily Market Commentary - Oct 11, 2021 - Bonanza Portfolio

Technical View - Oct 11, 2021 - Mr. Subash Gangadharan, Senior Technical and Derivative Analyst, HDFC Securities


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

disclaimer copyright © 2005 - 2020