Published on 22/07/2021 11:04:05 AM | Source: Kedia Advisory

JPYINR trading range for the day is 67.78-68.8 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 74.38-75.2.

USDINR ended with losses amid signs that India’s second wave of coronavirus infections is slowing helped to curb the losses.

S&P affirmed India's sovereign rating at "BBB-" and maintained a stable outlook on the gradual recovery in the economy.

Investors are keeping an anxious eye on the fast-spreading Delta variant of coronavirus, now the dominant strain worldwide.



EURINR trading range for the day is 87.69-88.65.

Euro remained under pressure as worries about the spread of the Delta variant mounted ahead of the key summer holiday season.

Meanwhile, the European Central Bank is likely to update its guidance on monetary stimulus when it meets on Thursday.

The Eurozone posted a current account surplus of EUR 4.3 billion in May 2021.



GBPINR trading range for the day is 101.13-102.89.

GBP dropped amid broad demand for the safe-haven dollar amid a global surge in coronavirus infections kept investors jittery.

New BoE policymaker Mann says global recovery is 'fragile'.

Bank of England interest-rate setter Jonathan Haskel said reducing stimulus was not the right option for the foreseeable future, despite rising inflation.



JPYINR trading range for the day is 67.78-68.8.

JPY dropped amid a sell-off in equities on concerns over economic slowdown due to a global resurgence of coronavirus infections.

June core inflation meets expectations.

Fresh COVID curbs likely to weigh on consumption, inflation.


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