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Published on 16/04/2018 9:17:30 AM | Source: Kedia Commodity Ltd

JPYINR trading range for the day is 60.42-61.11 - Kedia Commodity

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


* USDINR trading range for the day is 65.17-65.48.

* Rupee gained on selling by exporters amid likely overseas funds inflow into local stocks

* India’s industrial output grew 7.1 percent in February from a year earlier, government data showed.

* India’s retail inflation eased to a five-month low in March, but remained above the Reserve Bank of India’s medium-term target.



* EURINR trading range for the day is 80.29-80.74.

* Euro remained under pressure improving risk appetite amid the easing geopolitical worries over Syria.

* ECB policymakers said the euro’s firming in recent months was a “significant source” of uncertainty with some predicting a more negative impact on inflation.

* Investors are wondering whether the ECB’s exit plan from its ultra easy monetary policy could be scuppered by a looming trade war between the U.S. and China.



* GBPINR trading range for the day is 92.63-93.6.

* GBP paused in trading after its recent rally, as traders prepared for a flurry of crucial data that could help shore up expectations of a May interest rate hike.

* Markets expect the Bank of England to raise rates next month as it tries to curb inflation, although the probability of a hike happening has fallen to 66 percent.

* Traders are preparing for a flurry of data on British unemployment, wages and inflation numbers that could help shore up expectations of a May interest rate hike.



* JPYINR trading range for the day is 60.42-61.11.

* JPY dropped as dollar gains as an improvement in investor risk appetite buoyed equities and pushed U.S. yields significantly higher.

* BoJ's Kuroda:Japan's financial system is maintaining stability.

* BoJ's Kuroda: Japan's economy is expanding moderately, expects CPI to pick up toward 2% target.


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