Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia
Download Telegram App before Joining the Channel
* USDINR trading range for the day is 75.91-77.11.
* Rupee dropped as investors braced for a prolonged period of uncertainty as coronavirus cases rise.
* The Indian government plans to borrow more aggressively than anticipated in the April-September period.
* The Nikkei Manufacturing Purchasing Managers’ Index, declined to 51.8 last month from February’s 54.5, its lowest since November.
* EURINR trading range for the day is 82.27-83.77.
* Euro steadied amid disappointing news surrounding the coronavirus outbreak and the economic damage in Europe becomes apparent.
* Eurozone finance ministers struggle to reach an agreement on how to assist ailing member states hit by the coronavirus.
* The Bank of France estimated that the country’s economy contracted 6% in the first quarter due to the lockdown measures put in place
* GBPINR trading range for the day is 93.18-95.08.
* GBP gained as risk appetite improved on hopes that lockdowns may be slowing the spread of the coronavirus in some countries.
* Financial institutions' demand for six-month sterling funds from the Bank of England dropped to a four-week low at an operation
* UK labor productivity increased for the second straight time in the fourth quarter of 2019, the Office for National Statistics reported.
* JPYINR trading range for the day is 69.46-70.68.
* JPY gained as investors returned to safe-havens, unwinding some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing.
* BOJ said it would scale back some operations in the wake of the government’s decision to declare a state of emergency amid the coronavirus pandemic.
* Japan’s core machinery orders unexpectedly rose in February, suggesting business investment remained resilient even as companies braced for a major jolt to demand.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer