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Published on 29/07/2021 9:51:22 AM | Source: Kedia Advisory

EURINR trading range for the day is 87.94-88.5 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR

USDINR trading range for the day is 74.44-74.82.

USDINR dropped as traders await the FOMC meeting for clues on the timing of tapering as policymakers face soaring US inflation.

IMF trims FY22 India growth forecast to 9.5%

ADB has downgraded India's economic growth forecast for the current financial year to 10 per cent.

 

EURINR

EURINR trading range for the day is 87.94-88.5.

Euro remained in range as German consumer sentiment held steady heading into August as shoppers grew more ready to spend.

German business morale fell unexpectedly in July on continuing supply chain worries.

Euro zone households continued to borrow at a brisk pace from their banks last month, European Central Bank data showed.

 

GBPINR

GBPINR trading range for the day is 103.25-103.83.

GBP rose as COVID-19 cases in Britain declining over the last seven days.

British retailers cut their prices more heavily in July than in June as supermarkets intensified their battle for customers.

England lifted its final coronavirus-induced restrictions last week amid skepticism among epidemiologists due to the rapid spread of the Delta variant.

 

JPYINR

JPYINR trading range for the day is 67.63-68.19.

JPY settled flat after the IMF cut 2021's GDP growth forecast for Japan to 2.8% from an earlier estimate of 3.3%.

BOJ must avoid premature monetary tightening - July meeting summary.

BOJ cut growth forecast, extended pandemic-relief scheme in July.

 

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