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Published on 22/01/2021 9:39:10 AM | Source: Kedia Advisory

GBPINR trading range for the day is 99.56-100.64 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR

USDINR trading range for the day is 72.87-73.15

USDINR traded in range as investors bet major stimulus from new U.S. President Joe Biden.

India has seen the worst, barring another wave of COVID-19, says RBI

Growth will be mostly consumption driven, the RBI said.

 

EURINR

EURINR trading range for the day is 88.1-89.4.

Euro steadied as investors' mood brightened in the wake of a better-than-expected sentiment survey in Germany

Eurozone inflation remained negative for the fifth straight month in December, as initially estimated, final data from Eurostat showed.

Germany's producer prices rose for the first time in eleven months in December, defying expectations for further decline, data from Destatis showed.

 

GBPINR

GBPINR trading range for the day is 99.56-100.64.

GBP inched higher after Bank of England Governor Andrew Bailey's said that the impact of the Covid-19 pandemic on the British economy have begun to recede

Bailey said that the UK economy was able to mitigate the lockdown measures, compared to the damages of last year.

The Bank of England said the aim of its banking stress test this year is to check if banks can continue helping the economy during the pandemic

 

JPYINR

JPYINR trading range for the day is 70.29-70.83.

JPY remained supported as Bank of Japan lifts next year's growth forecast, saves ammunition as virus risks linger

BOj kept monetary policy steady and revised up its economic forecast for next fiscal year, signalling that it has delivered sufficient stimulus for now

The BOJ slightly upgraded next fiscal year's growth forecast based on hopes that robust exports will soften the blow from the pandemic

 

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