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Published on 26/02/2021 11:32:47 AM | Source: Kedia Advisory

USDINR trading range for the day is 72.46-72.94 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR

* USDINR trading range for the day is 72.46-72.94.

* USDINR ended with flat node after Fed Jerome Powell stated the central bank’s easy policy stance was here to stay.

* Investors hoped for a quicker economic recovery in India helped by the COVID-19 vaccination rollout and a growth-focused federal budget.

* India cabinet approves $1 billion plan to boost IT product exports

 

EURINR

* EURINR trading range for the day is 88.01-89.45.

* Euro remained supported by stronger-than-expected data showing Germany’s economy grew more than initially thought in the fourth quarter.

* Investors have been also upbeat about lockdowns ending and economies re-opening, while concerns about COVID-19 vaccination delivery delays mounted

* ECB Lagarde said that the central bank was closely monitoring the evolution of longer-term yields, and that it would continue to support

 

GBPINR

* GBPINR trading range for the day is 102.22-103.22.

* GBP gains amid hopes that the economy will fully reopen this summer, as Prime Minister Boris Johnson unveiled plans to ease restrictions

* Investors bet Britain's rapid COVID-19 vaccine rollout will lead to a quicker economic rebound.

* BoE could decide to reduce the pace of its purchases of British government bonds to stretch them out over the course of 2021, Governor Bailey said

 

JPYINR

* JPYINR trading range for the day is 68.31-68.89.

* JPY prices remained in range as Japan's services producer prices declined for the fourth straight month in January

* Prime Minister Yoshihide Suga told that Japan would start vaccinating the elderly from April 12

* We're already buying ETFs in a nimble and flexible manner, Kuroda told parliament.

 

 

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