• posted by IMV |
  • 10/12/2019

 Rupee opened on a positive note against the US Dollar in the early morning due to the weakening of US Dollar and firm prices of Crude. In the previous week, in its Monetary Policy meet, RBI decided to hold the accommodative stance and the interest rate remains unchanged. 10-year Indian government bond yield was at 6.67 per cent.  Technical outlook: (December 2019) GBPINR Support is 93.50 Resistance is 93.90. Break...

  • posted by IMV |
  • 09/12/2019

  In the previous week, Rupee settled on a positive note after RBI’s Monetary policy in which RBI has decided to hold the accommodative stance and the interest rate remains unchanged. Earlier, the GDP data stood at 4.5% lower than the previous quarter. The market was expecting a dip around 4.7% against 5% previous, thus the expectations were nearly met and market participants were held back from throwing themselves into jitters. The...

  • posted by IMV |
  • 09/12/2019

 Rupee opened on a flat note against the US Dollar in the early morning after the RBI Monetary policy in which RBI has decided to hold the accommodative stance and the interest rate remains unchanged. 10-year Indian government bond yield was at 6.60 percent.  Technical outlook: (December 2019) EURUSD It has major support at 1.1030 and resistance is 1.1070.  Break and sustain above 1.1070 will take it up to...

  • posted by IMV |
  • 06/12/2019

 Rupee opened on a flat note against the US Dollar in the early morning after the RBI Monetary policy in which RBI has decided to hold the accommodative stance and the interest rate remains unchanged. In the previous week, India’s GDP data stood at 4.5% lower than the previous quarter. The market was expecting a dip around 4.7% against 5% previous, thus the expectations were nearly met, and market participants were held back from throwing...

  • posted by IMV |
  • 05/12/2019

Rupee opened on a flat note against the US Dollar in the early morning after on new hopes regarding the trade deal between the US and China. Market participants are keeping an eye on RBI policy to be held today, trade cautiously. In the previous week, India’s GDP data stood at 4.5% lower than the previous quarter. The market was expecting a dip around 4.7% against 5% previous, thus the expectations were nearly met and market participants were...

  • posted by IMV |
  • 04/12/2019

The rupee opened on a negative note against the US Dollar in the early morning after US President Trump said that he is no hurry to reach a trade deal with China, which gave wind to the on-going global growth concerns. In the previous week, India’s GDP data stood at 4.5% lower than the previous quarter. The market was expecting a dip around 4.7% against 5% previous, thus the expectations were nearly met and market participants were held...

  • posted by IMV |
  • 03/12/2019

Rupee opened on a negative note against the US Dollar in the early morning due to growth concerns after GDP fell to 4.5% in the second quarter of 2020. Weak manufacturing data of the US is showing growth concerns and new signs of a trade war in the coming days. The 10-year Indian government bond yield was at 6.47 percent.  Technical outlook: (December 2019) GBPINR Support is 92.60 Resistance is 93.00. Break and...

  • posted by IMV |
  • 29/11/2019

 The rupee opened on a fla t note against the US Dollar in the early morning ahead of GDP number to be announced today at 5:30 for the second quarter of 2020. The market is likely to trade in a range today due to uncertainty regarding GDP data. Increasing foreign fund inflows is supporting Rupee while a stronger Dollar is weighing down on the Domestic unit and restricting its gains. The 10-year Indian government bond yield was at 6.47...

  • posted by IMV |
  • 28/11/2019

The rupee opened on a flat note against the US Dollar in the early morning ahead of GDP number to be announced on Friday for the second quarter of 2020. The market is likely to trade in a range today due to uncertainty regarding GDP data. Increasing foreign fund inflows is supporting Rupee while a stronger Dollar is weighing down on the Domestic unit and restricting its gains. The 10-year Indian government bond yield was at 6.47 percent....

  • posted by IMV |
  • 26/11/2019

Rupee opened on a flat note against the US Dollar in the early morning after mixed sentiments on concerns regarding the US-China Trade deal. Increasing foreign fund inflows is supporting Rupee while a stronger Dollar is weighing down on the Domestic unit and restricting its gains. The 10-year Indian government bond yield was at 6.51 percent.  Technical outlook: (November 2019) USDINR Support is 71.60 Resistance...