IGI Logo

USDINR

USDINR trading range for the day is 73.37-73.77.

USDINR dropped as a weak U.S. employment report spurred investors to unwind growing long positions in the greenback

Fitch Ratings has warned that India’s slow pace of vaccination means that the country could remain vulnerable to further waves of COVID19

India to breach fiscal deficit target in FY22: Fitch Solutions

EURINR

EURINR trading range for the day is 89.17-89.77.

Euro remained supported as investors returned their focus to a brighter economic outlook and its implications for central bank policy

Germany's 10-year Bund yield rose to its highest level in almost a week, while Italian borrowing costs held near their highest levels since September.

ECB policymaker Martin Kazaks said the central bank could decide to reduce the pace of its emergency bond purchases in June if borrowing costs remain low.

GBPINR

GBPINR trading range for the day is 102.55-104.33.

GBP gained after UK PM Johnson to announce next phase of COVID lockdown easing.

Dorries, the minister for mental health, said the government needed to be careful that society did not reopen too quickly.

Bank of England does not see COVID bankruptcy wave – Haldane

JPYINR

JPYINR trading range for the day is 67.38-67.86.

JPY remained supported as dollar seen some pressure as a disappointing U.S. employment report prompted investors to unwind long positions in greenback.

The services sector in Japan continued to contract in April, albeit at a slower pace

Benchmark 10-year Japanese government bonds (JGBs) were flat after moderate buying at the Bank of Japan's bond purchase operations

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