Published on 15/07/2021 10:54:22 AM | Source: Kedia Advisory

JPYINR trading range for the day is 67.49-67.75 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 74.56-74.82.

USDINR remained in range as traders took a breather before Fed Powell's comments after U.S. inflation soaring to a 13-year high in June.

S&P affirms India's sovereign rating at ‘BBB-' with a stable outlook

India's wholesale price inflation eased in June.



EURINR trading range for the day is 87.95-88.29.

Euro dropped as investors turned to the US dollar after economic data showed US consumer prices rose more than expected in June

Investors fear an overheating economy amid a faster reopening could force the Fed to pare back its ultra-loose monetary policies.

Elsewhere, worries about the spread of the Delta variant mounted ahead of the key summer holiday season.



GBPINR trading range for the day is 103-103.8.

GBP remained supported as UK inflation rose more than expected to its highest in almost three years

Inflation jumped in June further above the BoE's 2% target to hit 2.5%, its highest since August 2018.

UK consumer prices accelerated more-than-expected in June, data from the Office for National Statistics showed.



JPYINR trading range for the day is 67.49-67.75.

JPY dropped as Japan’s industrial output falls more than initially anticipated

BOJ aimed to work with govt in regional bank scheme, minutes show

Industrial production declined by 6.5% in May 2021, compared with the preliminary reading of 5.9% drop


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