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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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 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 : 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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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 & 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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