Published on 15/03/2017 9:20:00 AM | Source: Kedia Commodity Ltd

EURINR trading range for the day is 69.72-71.05 - Kedia

Posted in Currency Report | #Kedia Commodity Ltd #Currency Tips


USDINR

*USDINR trading range for the day is 65.63-66.53.

*Rupee strengthened to a near one-year high as Prime Minister Narendra Modi's big win in the state of Uttar Pradesh was seen bolstering his economic reform agenda.

*But any further gains will be tempered by concerns about valuations as well as global risks, including how much Fed will raise U.S. interest rates this year.

*India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data showed.

               

               

EURINR

*EURINR trading range for the day is 69.72-71.05.

*Euro remained under pressure as dollar edged up as U.S. Treasury yields extended their rise ahead of an expected interest rate rise by the Federal Reserve.

*Germany's Finance Minister Schaeuble calls for timely start to end ECB's loose monetary policy.

*European statistics agency Eurostat confirmed its estimate that GDP in the euro zone grew by 0.4 percent in the fourth quarter of 2016.

               

               

GBPINR

*GBPINR trading range for the day is 79.38-81.46.

*GBP dropped after Britain's parliament paved the way for Prime Minister Theresa May to launch divorce talks with the European Union.

*UK PM May officially given power to trigger Article 50 - Parliament formally approves

*U.K. Parliament gives Theresa May permission to start Brexit

               

               

JPYINR

*JPYINR trading range for the day is 57.07-58.04.

* JPY dropped as dollar rose ahead of an expected interest rate hike by the Federal Reserve.

*Japan Fin Min Aso: Financial Regulations and taxation will be topics at G20, will explain the Japanese economy and listen to others opinions

*Japan's tertiary activity index remained unchanged in January, after falling in the previous month, figures from the METI showed.

 

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