Published on 22/05/2019 9:29:31 AM | Source: Kedia Commodity Ltd

USDINR trading range for the day is 69.61-69.96 - Kedia Commodity

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

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*  USDINR trading range for the day is 69.61-69.96.

* Rupee traded in range tracking higher crude oil prices even as investors stayed cautious ahead of election results amid thin volumes.

* However, caution remains until the actual results scheduled for Thursday, and investors are refrain from making aggressive positions awaiting the same.

* The Reserve Bank of India (RBI) will remain vigilant and strive to revive growth in Asia’s third-largest economy.



* EURINR trading range for the day is 77.65-78.19.

* Euro remained on a nervous footing through the May 23-26 European parliamentary election.

* Germany's economy is likely to lose momentum in the second quarter, according to the monthly report, published by Bundesbank.

* Germany's producer price inflation rose marginally in April, figures from Destatis showed.



*  GBPINR trading range for the day is 88.3-89.16.

*  GBP remained in range as Britain’s prime minister made a last-ditch bid to get a Brexit deal through parliament before she leaves office

*  After failing three times to get parliament’s approval for her EU divorce deal, PM May said she would present a “new, bold offer” to lawmakers with “an improved package of measures”.

*  British households' financial wellbeing deteriorated at the fastest pace since September 2017, survey data from IHS Markit showed.



* JPYINR trading range for the day is 63.09-63.61.

* JPY dropped as the dollar supported by higher U.S.-yields and its safe-haven status.

* Japan's industrial production declined less-than-estimated in March, final data from the Ministry of Economy, Trade and Industry showed.

* Japan's gross domestic product climbed a seasonally adjusted 0.5 percent on quarter in the first quarter of 2019, the Cabinet Office said.


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