Published on 20/03/2017 8:51:11 AM | Source: Kedia Commodity Ltd

EURINR trading range for the day is 70.16-71.01 - Kedia

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


* USDINR trading range for the day is 65.4-65.83.

* Rupee traded in range after the local currency rose to 17-month high amid lack of fresh triggers to support the demand for the local currency.

* India's wholesale price inflation accelerated at a faster-than-expected pace in February, preliminary data from the Ministry of Commerce & Industry showed.

* India's industrial production recovered at a faster than expected pace in January, data from the Central Statistics Office revealed.



* EURINR trading range for the day is 70.16-71.01.

*  Euro gained after ECB's Nowotny tells Handelsblatt ECB might move away from loose monetary policy differently than Fed.

*  ECB's Praet: ECB must look through market optimism, pessimism waves.

* Eurozone inflation accelerated, as estimated, at the fastest pace in more than four years in February, final data from Eurostat showed.



* GBPINR trading range for the day is 80.68-81.6.

* GBP gained after the Bank of England left interest rates unchanged but hinted that a rate hike could be in the pipeline.

* Policymakers of the Bank of England decided to maintain its record low interest rate, in a split vote, as one policymaker preferred a quarter point hike.

* The Monetary Policy Committee of the BoE, governed by Mark Carney, voted 8-1 to hold the key bank rate at 0.25 percent.



*  JPYINR trading range for the day is 57.59-58.25.

* JPY gained as dollar traded lower after the Federal Reserve failed to adopt a more aggressive outlook concerning the pace of rate hikes this year.

* Japan's exports probably rose at the fastest pace in two years in February thanks to a softer yen and improving global demand.

* Bank of Japan Governor Haruhiko Kuroda said an uptick in inflation toward 1 percent won't immediately trigger an interest rate hike.


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