Published on 21/03/2017 9:25:05 AM | Source: Kedia Commodity Ltd

GBPINR trading range for the day is 80.96-81.54 - Kedia Commodity

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


USDINR

*USDINR trading range for the day is 65.27-65.63.

*Rupee appreciated on dollar selling by state-run banks and foreign banks amid exporters selling.

*India's cabinet has approved four bills to implement a planned Goods and Services Tax (GST) bills, a government official said.

* 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 70.25-70.67.

*Euro traded in range as dollar edged lower after the Federal Reserve's rate guidance last week proved to be less "hawkish" than many had wagered on.

*Eurozone construction output declined for the second straight month in January, data from Eurostat showed.

*Eurozone's visible trade surplus eased more-than-expected in January from the previous month, as exports declined and imports increased.

               

 GBPINR               

*GBPINR trading range for the day is 80.96-81.54.

*GBP remained supported drawing confidence from signs that some at BOE may be leaning toward a rise in interest rates to support the currency.

*Minutes from the Bank's latest Monetary Policy Committee meeting shocked markets by showing one outgoing official voting for a rise in rates.

*The average asking prices for a house in the United Kingdom increased further in March, the latest survey from property tracking website Rightmove showed.

               

JPYINR                

*JPYINR trading range for the day is 57.84-58.36.

*JPY gained with concerns over comments made at the weekend at a meeting of finance ministers from leading economies.

*Dollar remained under pressure amid expectations that Fed will raise interest rates at a more gradual rate than some investors had previously anticipated.

*The BoJ board voted to retain the -0.1 percent interest rate on current accounts that financial institutions maintain at the bank.

 

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