Commodities - Angel One - Page 157

USDINR: Last week, the Indian Rupee traded in a range-bound manner with a slightly weaker bias on account of corporate dollar buying coupled with persistent RBI intervention in the spot market. In its recent policy, the RBI committee kept the Repo Rate unchanged at 6.50% and maintained the policy stance withdrawal of accommodation while supporting growth. …

Gold: Weeks after the yellow metal had seen consecutive lower closings, gold prices rallied and managed to conclude the week with minor gains of 0.2 percent. This week, prices started off on a higher note, rising 1% as they recovered from their lowest level in more than two months as the dollar retreated from recent highs, …

USDINR: Last week, the Indian Rupee appreciated by almost 0.33 percent after the dollar index saw its worst session in almost a month on upbeat risk and wagers that the U.S. Federal Reserve will not raise rates at the June meeting.   Download Report

NSE USD INR (Technical): NSE USDINR Jun as seen in the weekly chart above has opened the week gap up at 82.90 levels. Same day of the week price rallied and made weekly high of 82.9775 levels. Later on, price corrected sharply and made weekly low of 82.6650 levels. Download Report

NSE USD INR (Technical): NSE USDINR Jun as seen in the weekly chart above has opened the week gap Up at 82.90 levels. Same day of the week price rallied and made weekly high of 82.9775 levels. Later on, price corrected sharply and made weekly low of 82.6650 levels. Download Report

USDINR: Last week, the Indian Rupee mostly had an appreciating trend on account of Adani related inflows into the system along with persistent RBI intervention into the markets. However, there were bouts of weakness in the local unit which later was curbed. Weakness was mostly due to worries over the U.S. debt ceiling that boosted the …

Gold: In the week gone by, the yellow metal continued the decline, as it slipped over 1 percent.  Prices fell as a result of hawkish comments from two US Federal Reserve officials, as investors sought more clarity on US debt ceiling negotiations. Download Report

NSE USD INR (Technical): NSE USDINR May as seen in the weekly chart above has opened the week gap down at 82.23 levels. Same day of the week price corrected sharply and made a weekly low of 82.20 levels. Later on, price rallied sharply and made weekly high of 82.82 levels. This week prices have closed …

Gold: Gold prices fell 2% in the recent week, extending the loss from the previous week. The yellow metal’s ongoing weakening has sent prices below the $2000 level, with prices trading near 6-week lows. This week, the overhang of headwinds got the better of gold. Optimism in the debt ceiling talks bolstered the dollar, sending the …

USDINR: Last week, the Indian Rupee weakened by almost 0.61 percent on account of higher DXY and rising U.S. yields following hawkish comments from Federal Reserve officials. Asian currencies declined, with the Chinese yuan once again leading the way. The offshore yuan dropped to 7.0750 to the dollar, a level last seen in December. Higher U.S. …