Rupee and Forex Movement share price target

USDINR March futures ended the day flat after trading in a narrow range on Wednesday, with outflows from the domestic market being offset by the softness in the dollar and subdued Asian currency movements. This transpired as investors monitored the release of US unemployment claims, which is scheduled for tonight.

USDINR March futures ended flat on Tuesday on the back of a rise in month-end demand for the US dollar and the selling pressure by FII in the domestic equity markets. This transpired as investors monitor the release of domestic and international macroeconomic data this week.

On Monday, the USDINR March futures traded within a narrow range, possibly as a result of a cautious stance adopted by the market participants into the upcoming data release of the Conference Board (CB) Consumer Confidence, which is scheduled to be announced tonight. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.00 strike, while, on the Put side, highest open interest build-up is seen at the 82.75 strike.

Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.00 strike, while, on the Put side, highest open interest build-up is seen at the 82.75 strike. Technically, the pair has closed below the 83 level for the second consecutive session, suggesting a cautious outlook for the pair.

The USDINR February futures ended lower on Thursday, which can be attributed to weakness in the dollar index. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.00 strike, while, on the Put side, highest open interest build-up is seen at the 82.75 strike.

The USDINR February futures ended marginally lower on Friday, which can be attributed to inflows into Indian equity market. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side, highest open interest build-up is seen at the 83.00 strike.

The USDINR February futures maintained a narrow range on Thursday, potentially due to market participants exercising caution ahead of the release of the US PP data, which is expected tonight. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side, highest open interest build-up is seen at the 83.00 strike.

The USDINR February futures maintained a narrow range on Tuesday. The US CPI numbers, released yesterday, were higher than expected.

The USDINR February futures maintained a narrow range on Monday, potentially due to market participants exercising caution ahead of the release of US inflation data, which is expected tonight. Analysis of the
weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side, highest open interest build-up is seen at the 83.00 strike.

USDINR February futures ended higher on Friday, following strengthen in dollar index. Analysis of the weekly option chain shows that the highest Call open interest is witnessed at the 83.1250 strike, while, on the Put side, highest open interest build-up is seen at the 83.00 strike.