KUNAL SODHANI

2.5K posts

KUNAL SODHANI

KUNAL SODHANI

@SodhaniKunal

Head of Treasury, Global Trading Centre, FX & Rates Treasury, Shinhan Bank India | ICICI Bank | Indusind Bank | Kotak Securities | Views are personal.

Mumbai, India Katılım Ocak 2017
15 Takip Edilen1.3K Takipçiler
KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
Uncertainty pertaining to the US-Iran conflict continues to add pressure on oil prices, which trade at elevated levels. Iran launched missiles and drones at the UAE after several attacks on commercial ships. USDINR: 94.80-95.40/60
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
Inflation risks, widening deficits, and weak capital flows strain rupee. Trump said US will start guiding trapped ships through Hormuz. A senior Iranian official warned that Tehran would consider any US interference in the Strait of Hormuz a ceasefire breach. USDINR: 94.50-95.30
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
Elevated crude oil prices & unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments. The rupee has depreciated by 4.94% in the current calendar year so far. FIIs have pulled out over $19 billion from Indian equities. USDINR: 94.25-94.90
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
EUR/USD lacks upside momentum as stalled US-Iran talks keep market sentiment fragile. Geopolitical headlines remain mixed, with Middle East tensions still underpinning uncertainty, but no fresh escalation boosting risk sentiment. USDINR; 93.80-94.50
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
The weak start came after efforts to resume talks faltered over the weekend, when President Donald Trump canceled a trip by his envoys and Tehran said it won’t negotiate under threat. Central Bank meetings due this week. USDINR: 93.75-94.20
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
The rupee has declined over 1% this week, giving up gains led by the RBI’s forex restrictions. So far in the calendar year, the currency fell 4.7%. Strong US Initial Jobless Claims reinforce labor market resilience. USDINR: 93.80-94.50
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
The Indian rupee experienced its third consecutive daily decline, closing at 93.79/80 against the dollar. This depreciation was fueled by escalating crude oil prices, driven by geopolitical tensions in West Asia and US President Trump's threats towards Iran. USDINR: 93.60-94.25
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
US blockade on Iranian vessels persists after the second round of US-Iran peace talks collapsed. Fed pressure narrative intensifies as Trump pushes for cuts and Warsh signals potential policy and communication changes. USDINR: 93.25-93.80
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
Banks can now undertake certain related-party transactions, including cancellation and rollover of existing contracts and deals through the back-to-back route.The $100 million cap on net open positions in the onshore deliverable market remains in place. USDINR: 92.80-93.50
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KUNAL SODHANI
KUNAL SODHANI@SodhaniKunal·
India’s FX reserves jumped $3.8 billion to nearly $701 billion. IRNA says Tehran refuses renewed US talks, citing “unrealistic expectations” and other concerns.Brent Crude prices at $95/bbl while DXY at 98.36 levels. USDINR: 92.45-93.20
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