Dollar on track for 1% weekly gain; sterling went down 2.4%

Today, Dollar was on trailled for a weekly gain of over 1 per-cent against a basket of currencies after a chorus of US Fed Reserve officials indicated more interest rate increases than the market had been pricing in.

The latest was St. Louis Fed President James Bullard, who told in reports on yesterday that another US(United States) interest rate increase "may not be far off" & noted labour market improvement.

The dollar index, which tracks the greenback against a basket of six rival currencies, added about 0.2 per-cent to 96.285. It was assured to increase by 1.3 per-cent for the week, its first such gain this month.

The US dollar edged up 0.1 per-cent as compared to yen to 113.04 . It went up by 1.3 per-cent for the week and well above previous week's 17-month low of 110.67 yen.

The euro slipped by 0.1 per-cent to $1.1162, below last week's one-month peak of $1.1342. It was on track to lose by 0.9 per-cent in a week marred by attacks on Brussels for which Islamic State claimed responsibility.

Sterling went last down 0.3 per-cent at $1.4113, on track for a 2.5 per-cent loss on the week.

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Free share tips : INR(rupee) is near to strike at 70 19 feb

The INR(rupee) is not too far away from hitting 70 to the US dollar and could slump even further to a new record by the end of the year 2016, according to reports, as world wide investors pull out funds due to emerging market unstability and worries that the govt may ease up on fiscal deficit targets to shore up growth. Click for Free nifty futures tipsOn yesterday, the INR(rupee) lost about 10 paise, or 0.15%, to the US dollar, ending at 68.47, the weakest so far this calendar, having slumped to a 30-month low during trade.

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Share market tips & updates 17 feb, 2016

Share tips - The broader market traded in line with the benchmark indices with the BSE midcap and smallcap indices trading lower by 0.61 and 0.32 per cent, respectively.

Today, the rupee dropped 18 paise to hit its lowest level to 68.56 against the USDr since Sep 4, 2014, in early trade amid weak cues from Asian currency markets.

Yesterday, the local currency had lost 32 paisa to end near 68.38, after hitting an intraday low of 68.43 against the greenback, as the Reserve Bank of India (RBI) was assumed to have intervened to check the currency's fall. Click for Share tips
 

Most other Asian markets traded mixed. Japan's Nikkei traded down by 0.18 per-cent while the South Korean Kospi was trading with mild gains. Hong Kong's Hang Seng index went up 0.16 per cent. China's CSI300 index was up by 0.25 per-cent.

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Today rupee drops by 7 paisa 11 Feb, 2016

The dollar index, which tracks the movement of dollar compared to a basket of six major currencies of world, fell 0.14 per-cent to 95.75.

US Dollar was seen weakening even against major Asian currencies. The Indonesian rupiah went high by 0.71 per cent, Yen of japan moved up 0.61 per-cent and the Malaysian ringgit improved 0.50 per-cent. The Thai baht, the Korean won and the Philippine peso ahead 0.8 per cent, 0.25 per-cent and 0.15 per-cent. But the INR(rupee) did not follow Asian cues. The local currency has been the worst-performing major Asian currency so far current year. It has fallen 2.5 per-cent against the greenback year-to-date, in comparison with the 3.14 per-cent increase in the Indonesian rupiah. Indonesia runs high fiscal deficit like India.

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JPY & INR Tips & Updates For 9 Feb, 2016

JPYINR UPDATES :

Reports from Tokyo: Today, the dollar slided to its weakest level against the yen since month of November 2014, as a sell-off in equities increased the appeal for the perceived secure-haven  currency of japan.

The dollar was last at 115.18 yen after previous falling as low as 114.75 yen.

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Rupee updates : INR went high today 4 Feb, 2016

Today, The INR(rupee) appreciated 26 paise to 67.81 against the US(United States) dollar in early trade on yesterday after Fed comments weak data releases in the United States pushed dollar low against major currencies of world.Click For Options tips

The native currency ended at 68.07, down 9 paise as compared to the greenback on yesterday amid sustained dollar requirement from banks and importers.

President of the Federal Reserve Bank of New York, told that financial conditions are considerably tighter and a weakening overview for the world wide economy would have to be taken into account, while considering further rate hikes.

Most other Asian markets were trading mixed. Japan's Nikkei dived 0.7 per-cent while South Korean Kospi traded high by a per-cent. Hong Kong's Hang Seng index was up 1.56 per-cent. Mainland China's CSI 300 traded higher by 1.6 per-cent.

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Commodity tips, Indian Rupee unlocked higher by 3 paise

INR(Rupee) unlocked higher by 3 paise and was trading at 67.75 against the US dollar. Click for Commodity tips The local currency ended at 67.78 on Friday last week.

Most other Asian markets traded mixed. Japan's Nikkei surged over 2 per-cent in trade while South Korean Kospi was up 0.22 per-cent. Hong Kong's Hang Seng index traded lower by a per-cent. Mainland China's CSI 300 index was down 1.5 per-cent after January manufacturing PMI data showed weakness for sixth month continuously.

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Rupee down by 13 paise against USD at 67.96 27 Jan

Indian currency : Today, the INR(rupee) depreciated 13 paise to 67.96 against the US(United States) dollar in early trade ahead of the outcome of US Federal Reserve's two-day policy meet later in the day.

The local currency ended at 67.83 against the greenback on day before yesterday.

The currency market was closed on yesterday on account of celebrations of Republic Day. Experts & traders hopes that given the Fed policy outcome on yesterday and Bank of Japan's policy review on Friday last week, the currency may remain volatile in the extreme short term. RBI intervention will hold the key, they told.

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Bullion tips : Rupee high 24 paise against USD as oil regained

Currency Updates : The INR(rupee) went high 24 paise to 66.78 against the US(United States) dollar in early trade on Friday Bullion Tips amid hopes that a regained in mcx crude oil prices world wide may halt outflows from emerging markets (EMs).

The rupee had closed 7 paise lower to settle at a fresh 29-month low of 68.02 on yesterday. Most Asian currencies were trading higher against the greenback. Korean won ahead 0.77 per-cent. Taiwanese dollar (up 0.46 per-cent), Malaysian ringgit (up 0.44 per-cent), Indonesian rupiah (0.27 per cent) and Thai baht (0.14 per-cent) remained some Asian currencies which rose in Friday's trade. 

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Bullion tips : INR(Rupee) trades higher compared to USD

Today's Bullion tips & currency updates : Floating near to its two-year low, the INR(rupee) edged 1 paisa high to 66.28 as compared to the Dollar of US  in early trading, today amid mixed sentiment in Asian currencies & continuing concerns over the depreciating yuan of China.

The reports were suggesting that the US Fed is concerned over falling commodity prices and its impact on the US inflation. This may slow down the flow of Fed rate increase & could be positive for currencies world wide.

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Nifty, Sensex recovers little bit today 14 jan, 2016

Today, Sensex is down 147.90 pts or 0.6 per-cent at 24706.21, while the Nifty down 49.15 points or 0.6 per-cent at 7513.25.

Around 485 shares have advanced, 1775 shares down, and 105 shares are unchanged.

Top gainers are - Infosys, Lupin, Dr Reddy's and TCS while Tata Steel,Hindalco, Tata Motors, Axis Bank and L&T are among losers in the Sensex.

The INR(rupee) fell to its weakest since Sep 2013, when the country was still in the midst of its worst market turmoil in more than last two decades, tracking falls in most Asian currencies against the USD as oil prices tumbled.

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Stock option tips & update for 13 Jan, 2016

The market has unlocked firm ahead global lead. Click For Stock option tips The Sensex index went up 179.71 pts or 0.7 per-cent at 24861.74 while the Nifty is up by 52.50 pts or 0.7 per-cent at 7562.80.

Around 591 shares have advanced, 81 shares went down, & nearly 42 shares are same.

BHEL, Bharti Airtel, Tata Motors, Hindalco & the Axis Bank are top-most gainers. Infosys is up over 1 percent. TCS is in red lines.

The INR(Indian rupee) has unlocked marginally higher at 66.82 a USD compared to 66.86 per dollar in last trading session.

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Free stock tips, Sensex & Nifty in green 12 Jan, 2016

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Free stock tips for today, Sensex went up 46.48 pts or 0.2 per-cent at 24871.52 while the Nifty is up 19.40 pts or 0.3 per-cent at 7583.25. Around 117 shares declined, 390 shares are ahead and 49 shares are unchanged.

Hindalco, L&T, Tata Steel, Tata Motors and Maruti are top most gainers in the Sensex. Among losers are Hero, Dr Reddy's, ITC, ONGC and Adani Ports.

Currency Update : The Indian rupee(INR) has opened marginally lower at 66.83 per dollar today in against with the previous close of 66.81 a dollar.

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Rupee went down by 4 paise to 66.86 7 Jan, 2016

Today, the INR(rupee) went down by 4 paise to 66.86 as compared to the US dollar in early trade on Thursday after the Chinese central bank, PBoC, set the yuan midpoint to its lowest & weakest level since March 2011.

The People's Bank of China fixed the official guidance rate 0.5 per-cent weaker than Wednesday's fix of 6.5314, which is its biggest daily fall since 2015's August month. The Chinese yuan fell down by 0.39 per-cent to 6.58 against the greenback.

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Currency Tips : BUY GBP/INR ABOVE 98.65

Currency Tips :

BUY GBP/INR ABOVE 98.65 TGTS 98.80/99.00 SL 98.45

GBP/INR HIT 1ST TGT 98.80 CMP 98.82 BOOK PART PROFIT

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Currency tips & updates for 4 Jan, 2016

 

 Today, the local currency ended at 66.14 against the greenback on last day of trading previous week.

Chinese yuan dropped down to a fresh five-year low against the US dollar in morning trade after China told manufacturing PMI contracted in Dec to 48.2, in comparison to 48.6 in November month. A value below 50 suggests contraction.

Most other Asian broken down in trade after weak Chinese manufacturing data indicated a further weakening in the world's 2nd biggest economy. Japan's Nikkei slumped 2.6 per-cent while the South Korean Kospi lost 1.53 per-cent. Hong Kong's Hang Seng index slided over 500 pts. China's Shanghai Composite traded down by 3.33 per-cent.

 

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Sensex slides, Nifty-50 under pressure 4 Jan, 2016

The Nifty-50 today, came under pressure to break below its critical support level of 7,950, weighed down by losses in IT, oil & gas,banks, metal and auto stocks.Click For Bank nifty futures tips

Today, the S&P BSE Sensex tumbled more than 150 points in morning trade, tracking Asian markets which were trading lower after China factory activity contracted & the chinese currency yuan weakened to near a 5-year low.

The INR(rupee) fell 17 paise to 66.31 against the US(United States) dollar in early trade on today after weak Chinese manufacturing PMI readings sparked selling across Asian currencies. Native currency ended at 66.14 against the greenback on Friday previous week.

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Today INR has some gains, Nifty, Sensex market opened down

Currency Update : The INR(Indian rupee) reversed its some gains seen in previous session. The currency unlocked at 66.48 per dollar on Friday, down 6 paise compared to 66.42 a dollar in preceding session. It closed at over 3-week closing high yesterday.

Today, the market has unlocked low after surging yesterday. The Sensex is down by 59.71 pts at 25744.07 and the Nifty went down 15.45 pts at 7828.90.

Around 326 shares have advanced, 223 shares went down, and 40 shares remains same. Bajaj Auto, TCS, Vedanta, M&M & Dr. Reddy's Labs are major losers while HDFC, Maruti, NTPC and Hindalco are top most gainers in the Sensex.

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