Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

View: Rupee likely to trade in 70.50-71.50 range.


Date: 26-09-2019
Subject: View: Rupee likely to trade in 70.50-71.50 range
By Gaurang Somaiya

The rupee has gained strength after Finance Minister Nirmala Sitharaman cut corporate tax rates. We expect momentum to extend further towards 70.70 levels, but at the same time a possibility of hit on the fiscal deficit could keep gains in check in the short term.

No major economic numbers are expected this week, but the focus will now shift to the Reserve Bank of India’s policy meet in the first week of October. The USD-INR pair is expected to quote in the range of 70.50 to 71.50 in the short term.

Euro consolidated in a narrow range as most market participants remained cautious after the ECB in its policy statement cut rates by 10 bps and also introduced to consider stimulus by 20billion pounds. Economic calendar from Euro zone also remained muted, which kept volatility low in the currency. Market participants will be keeping an eye on preliminary manufacturing PMI number and ECB President’s testimony before the European Parliament Economic and Monetary Affairs Committee.

Volatility in the pound continues despite the Bank of England deciding to hold rates at its latest policy meeting. The MPC kept most of its language identical to recent meetings, when it also left monetary policy unchanged. The MPC’s assessment of the economic outlook was weaker than in August, although it expected the UK economy to avoid a recession.

The governor mentioned that it could consider cutting rates only if Brexit related uncertainty increased in the near future. Pound was weighed down after rebounding in the last couple of sessions, as inflation in the UK remained subdued in August. We expect momentum to remain high for pound following more clarity on the Brexit front. The GBP-USD pair is expected to consolidate in the range of 1.2330 to 1.2540.

Source: economictimes.indiatimes.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 12-04-2021
Notification No. 21/2021-Customs (ADD)
Seeks to impose anti-dumping duty on imports of Normal Butanol or N-Butyl alcohol originating in or exported from European Union, Malaysia, Singapore, South Africa and United States of America for a further period of 5 years.

Date: 11-04-2021
Notification No. 01/2015-2020
Amendment in Export Policy of Injection Remdesivir and Remdesivir API.

Date: 09-04-2021
Public Notice No. 53/2015-2020-DGFT
Late cut for MEIS applications for exports made in the Financial Year 2019-20

Date: 08-04-2021
Notification No. 08/2021-Central Excise
Seeks to amend central excise notifications to make changes consequential to enactment of Finance Act, 2021.

Date: 08-04-2021
Notification No. 26/2021 – Customs
Seeks to amend customs notifications to make changes consequential to enactment of Finance Act, 2021.

Date: 07-04-2021
Public Notice No. 52/2015-2020
Change of office address of Regional Authority, Ahmedabad.

Date: 07-04-2021
A.P. (DIR Series) Circular No. 01
External Commercial Borrowings (ECB) Policy – Relaxation in the period of parking of unutilised ECB proceeds in term deposits

Date: 05-04-2021
Notification No. 41/2021-Customs (N.T.)
Seeks to notify Customs (Verification of Identity and Compliance) Regulations, 2021

Date: 05-04-2021
Notification No. 20/2021 -Customs (ADD)
Seeks to impose definitive anti-dumping duty on imports of Flexible slabstock polyol originating in or exported from Saudi Arabia and United Arab Emirates for a period of five years.

Date: 01-04-2021
Trade Notice No. 01/2021-2022
Electronic filing and Issuance of Preferential Certificate of Origin (CoO) for India’s Exports under India-Mauritius Comprehensive Economic Cooperation and Partnership Agreement (IMCECPA) w.e.f. 01st April 2021



Exim Guru Copyright © 1999-2021 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001