Commodities - Angel One - Page 162

USDINR Last week, the Indian Rupee traded in a range bound manner with a slight stronger bias tracking the dollar’s broad losses on receding fears about the U.S. banking sector. A deal to buy the assets of Silicon Valley Bank (SVB) allayed concerns about the U.S. banking sector to an extent, undermining demand for the …

Last week, the Indian Rupee traded in a range bound manner with a slight stronger bias owing to the overnight deal between UBS and Credit Suisse that revived the sentiments though temporarily. Moreover, the U.S. Federal Reserve hiked rates by 25 basis points and signaled it was closer to the end of its tightening cycle …

NSE USD INR: NSE USDINR Mar as seen in the weekly chart above has opened the week gap down at 81.90 levels. Same day of the week price rallied and made weekly high of 82.0950 levels. Later on, price could not able to sustain on higher levels, it has corrected sharply and made a weekly low …

Gold: Post the strong surge seen in the prices of the yellow metal, it took a breather in the recently concluded week, slipping marginally lower by 0.1 percent. Gold prices started the week lower, but they rose to their highest level during the week since March 2022 before falling back as investors digested the impact of …

Gold: Gold prices this week continued to surge northwards, as prices are nearing the $2000/ounce mark. Bullion this week gained nearly 4 percent given the rising uncertainty in the global markets due to the banking crisis. For the third week in a row, gold has increased in price as demand for safe-haven assets surged due to …

NSE USD INR: Mar as seen in the weekly chart above has opened the week gap down at 81.90 levels. Same day of the week price corrected and made weekly low of 81.82 levels. Later on, price could not able to sustain on lower levels, it has rallied sharply and made a weekly high of 82.8875 …

USDINR: Last week, the Indian Rupee traded in a range bound manner with a slight weaker bias tracking losses in Asian equities and currencies on concerns over the spillover fears after the collapse of the Silicon Valley Bank. Fallout from the collapse of U.S. lenders Silicon Valley Bank and Signature Bank prompted investors to dump risk …

Gold: The upside in the yellow metal was extended further, as the bullion concluded the week on a higher note, being the only commodity to end with gains in the previous week. Due to recent positive economic indications, investors are still uncertain whether the Fed would resume significant rate hikes. Download Report

USDINR: In the holiday shortened week, the Indian currency traded in a range bound manner with a slight weaker bias after the US Federal Reserve Chair Jerome Powell opened the door for a 50 basis point (bps) hike at this month’s meeting. Download Report

NSE USD INR: Mar as seen in the weekly chart above has opened the week gap down at 81.8825 levels. Same day of the week price rallied and made weekly high of 83.09 levels. Later on, price could not able to sustain on higher levels, it has corrected sharply and made a weekly low of 82.02 …