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Published on 16/04/2021 9:55:39 AM | Source: Kedia Advisory

JPYINR trading range for the day is 68.78-69.5 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR

USDINR trading range for the day is 74.77-75.71.

USDINR settled flat after surged on mounting concerns that further stringent lockdowns to curb COVID-19 cases could impact economic growth and fuel inflation.

According to global rating agency Moody’s, the second wave of coronavirus infections is credit-negative and poses threat to economic recovery in India.

The partially convertible rupee was at 75.14/15 per dollar, as of 0710 GMT, after touching 75.32, its lowest since July 15 last year.

 

EURINR

EURINR trading range for the day is 89.53-90.55.

Euro gained as dollar sank to a new four-week low as Treasury yields pulled back from last month’s surge

Europeans want digital euro to be private, safe and cheap - ECB survey

IMF calls for additional euro zone fiscal stimulus in 2021-22

 

GBPINR

GBPINR trading range for the day is 103.11-104.11.

GBP rose supported by the speed of Britain’s vaccine rollout

UK productivity rose in 2020 as lockdown hit lower-paid jobs

Data showed the UK GDP rose by 0.4% in February, missing market consensus of 0.6%, as the country remained under coronavirus restrictions.

 

JPYINR

JPYINR trading range for the day is 68.78-69.5.

JPY remained supported as Japan's economy was picking, Bank of Japan Governor Haruhiko Kuroda said.

Bank of Japan's Kuroda says a bit more could have been done by the government on structural reforms

BOJ's Kuroda says weak yen promises to benefit Japan's economy

 

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