Published on 23/03/2021 10:00:29 AM | Source: Kedia Advisory

USDINR trading range for the day is 72.26-72.68 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 72.26-72.68.

USDINR settled dropped as India’s economy, is forecast to record a "stronger recovery" in 2021 and grow by 5 percent, according to a UN report.

India's economy is likely to grow by 12 percent in 2021 following a 7.1 percent contraction last year

Investors digested the U.S. Federal Reserve's pledge to look past inflation and keep interest rates low.



EURINR trading range for the day is 86.02-86.62.

Euro seen some pressure as Germany plans to extend a lockdown to contain COVID-19 infections into a fifth month

Eurozone economic recovery is set to lag behind that of the U.S. as the coronavirus vaccination rollout in the bloc is slow

Germany's producer prices rose for the third straight month in February



GBPINR trading range for the day is 100.08-100.86.

GBP remained under pressure as policymakers were split over the prospects for longer-term improvement.

The Bank of England kept its interest rates and 895 billion pound bond-buying programme unchanged, as expected.

UK consumer morale leaps in March to hit one-year high: GfK



JPYINR trading range for the day is 66.53-66.89.

JPY remained in range as the Bank of Japan slightly loosened its grip on long-term bond yields and laid the groundwork to taper its huge purchases of risky assets

The Bank of Japan kept its interest rate unchanged at -0.10%

BOJ ditched its 6 trillion yen guide for annual purchases of exchange-traded funds every year.


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