FOREX RESEARCH MARKET LIVE CHART

Breaking News
recent

JPYINR is likely to trade lower


US DOLLAR INDEX (USD)
US Dollar Index traded lower by 0.33 percent in the last week’s trading session after recent data from the nation showed fall in the confidence of Americans in the US economy to a three-month low just ahead of the presidential election, with more consumers saying that jobs are a bit harder to find.
However, sharp losses were capped after St. Louis Federal Reserve President James Bullard and Fed Bank of Chicago President Charles Evans said that December was "most likely" the best time for a tightening of borrowing costs. Data from CME Group's FedWatch program showed a 74 percent probability of a rate hike in December. Moreover, stronger than expected GDP data release from the nation has smoothen the path for a rate hike by the Federal Reserve in Dec’16 policy meet.
The American currency made a weekly low of 98.23 and closed at 98.34 levels on Monday
INDIAN RUPEE (USDINR) 
The Indian Rupee appreciated by 0.24 percent in the last week owing to sustained selling of the greenback by exports and banks amid lower DX in the overseas markets. Also, broad based gains in the Asian markets boosted the Rupee. 
Sensex and Nifty traded lower in the last week as the markets are still reeling under the pressure of an upcoming rate hike in the US, chances of which seems to increase by every passing day with encouraging data sets from the world biggest economy.
For the month of October 2016, FII outflows in equities totaled at Rs. 3197.43 crores ($477.83 million) as on 28th October’16. Year to date basis, net capital inflows stood at Rs. 48095.55 crores ($7226.11 million) as on 28th October’16.
Indian Rupee made a weekly high of 66.68 and closed at 66.77 levels on Friday.
Alisha Singh

Alisha Singh

1 comment:

  1. I found it quiet interesting ,Thank you for posting the great content…I was looking for something like this…, hopefully you will keep posting such blogs…


    Best Advisory Company

    ReplyDelete

Powered by Blogger.