Published on 12/03/2018 9:17:04 AM | Source: Kedia Commodity Ltd

JPYINR trading range for the day is 60.98-61.48 - Kedia

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


* USDINR trading range for the day is 65.11-65.42.

* Rupee traded in range on lack of fresh triggers after reports showed that the government may not hike the investment limit for foreign investors into local debt.

* Indian retail inflation likely eased to a four-month low in February on softening prices for vegetable and other perishable foods.

* India regained its status as the world’s fastest growing major economy in the October-December quarter, surpassing China for the first time in a year


* EURINR trading range for the day is 80-80.97.

* Euro dropped after dollar seen supported as some fears of a global trade war receded.

* The European Central Bank dropped a long-standing pledge to increase bond buys if needed.

* ECB’s President Mario Draghi, while acknowledging faster growth in Europe, said regional inflation remained subdued and rising protectionism is a risk.


* GBPINR trading range for the day is 89.73-90.86.

* GBP dropped on worries that Britain might not manage to clinch a transition deal with the European Union at a summit later this month.

* British Finance Minister Philip Hammond said on Wednesday that a transition deal would be concluded this month, but investors remain uncertain.

* Permanent job placements in the U.K. grew at a slower pace in February, as temporary billings growth accelerated.


* JPYINR trading range for the day is 60.98-61.48.

* JPY dropped as dollar gains as hopes of a breakthrough in the North Korean nuclear standoff rose.

* Bank of Japan kept its policy balance rate unchanged at -0.100%, as widely expected.

* Japan's Aso: Will work to get Japanese companies excluded from tariffs


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