Kedia Commodities
Published on, 21/07/2017 8:54:25 AM

JPYINR

* JPYINR trading range for the day is 57.31-57.63.

* JPY traded in range with the Bank of Japan largely mum on when inflation could lead to easing aggressive monetary policy.

*The Bank of Japan kept monetary policy steady, but did offer language to suggest a near-term change in the stance was not on the cards.

* The trade balance for June came in at a surplus of ¥440 billion, missing an expected gain of ¥485 billion.

Kedia Commodities
Published on, 21/07/2017 8:54:12 AM

GBPINR

* GBPINR trading range for the day is 83.1-84.2.

* GBP remained weaker against the slightly stronger dollar despite data showing that UK retail sales grew at a faster than expected pace in June.

* The main measure of spending by British consumers fell by more than expected a month ago and investors worry the numbers will fall short.

* BoE policymakers have made it clear that any monetary tightening will be data-dependent, and consumer price numbers therefore fed doubt that rates could be tightened.

 

Kedia Commodities
Published on, 21/07/2017 8:53:56 AM

EURINR

* EURINR trading range for the day is 74.03-74.41.

* Euro traded in the range as investors look to hints from the European Central Bank on tapering of its stimulus.

* The German economy is humming and set for solid growth despite external risks such as the unknown outcome of Brexit negotiations.

* Eurozone banks expect demand for loans to increase in the third quarter on the back of an easing in credit standards, a quarterly survey by ECB showed.

 

Kedia Commodities
Published on, 21/07/2017 8:53:41 AM

USDINR

* USDINR trading range for the day is 64.31-64.6.

* Rupee weakened against the dollar on selling importers amid strong greenback and lack of fresh triggers.

* Indian banks taking 12 of the country's largest defaulters to bankruptcy court under a central bank directive, will need to make additional provisioning of at least 180 billion rupees.

* India's trade deficit narrowed more-than-expected to $12.96 billion in June as gold imports nearly halved from a month earlier.