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Published on 17/09/2021 12:02:44 PM | Source: Kedia Advisory

USDINR trading range for the day is 73.32-73.78 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR

USDINR trading range for the day is 73.32-73.78.

USDINR remained in range after RBI Deputy Governor Michael Patra said inflation in the country is likely to ease only gradually

The future course of monetary policy will depend on the outlook on growth and inflation.

India is expected to grow at 7.2 per cent in 2021 but economic growth could decelerate next year

EURINR

EURINR trading range for the day is 86.33-87.17.

Euro dropped due to growing risk aversion as rising COVID-19 infections could force some countries to reintroduce restrictions of some sort.

ECB's Rehn says Long Term Inflation Expectations are below the ECB's target

Euro zone industrial production was stronger than expected in July

GBPINR

GBPINR trading range for the day is 101.4-102.04.

GBP remained in range amid concerns about slowing global growth due to coronavirus outbreaks kit risk appetite.

British inflation hit a more than nine-year high last month, fuelling expectations the Bank of England could act sooner to hike rates.

The BoE expects inflation to rise sharply this year and hit a peak of 4%.

JPYINR

JPYINR trading range for the day is 67.05-67.47

JPY steadied on hopes of a new government and a fresh economic stimulus.

JPY continues to benefit from his safe-haven appeal amid worries over a slowdown in global growth as coronavirus cases continue to rise

Japan's machinery orders rebound in sign of capex recovery

 

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