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Published on 21/09/2021 10:24:17 AM | Source: Kedia Advisory

EURINR trading range for the day is 86.18-86.7 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR

USDINR trading range for the day is 73.55-73.99.

USDINR rose amid concerns the U.S. Federal Reserve might hint at when it intends to begin tapering its asset purchases in its upcoming meeting.

India's forex reserves fall to $641.11 bln

India is expected to grow at 7.2 per cent in 2021 but economic growth could decelerate next year

EURINR

EURINR trading range for the day is 86.18-86.7.

Euro remained under pressure as concerns over global growth and inflation mount

Euro zone inflation may come in higher than expected, ECB's de Guindos tells

ECB's Makhlouf says fears of excessive inflation overstated – for now

GBPINR

GBPINR trading range for the day is 100.42-101.6

GBP dropped as concerns about slowing global growth hit risk appetite and as investors eye key central bank meetings

Officials in the UK are seen adopting a hawkish tone due to inflationary pressure, while the Fed is set to take another step towards tapering.

UK retail sales unexpectedly declined for a fourth consecutive month during August

JPYINR

JPYINR trading range for the day is 66.48-68.36

JPY remained supported as a safe haven amid worries over a slowdown in global growth, uncertainties over Fed's tapering timeline, and strong local data.

The Japanese economy grew faster than expected in Q2 and exports grew at the double-digit rate for a sixth consecutive month in August.

Japanese economy will recover as the impact of COVID-19 wanes due to further progress in vaccinations and that consumer inflation will be well below 2% in 2023

 

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