04-07-2021 09:20 AM | Source: Kedia Advisory
USDINR trading range for the day is 73.32-73.88 - Kedia Advisory
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USDINR

USDINR trading range for the day is 73.32-73.88.

USDINR gained as a record surge in daily coronavirus cases spurred fresh restrictions, sparking worries about the pace of the country’s economic recovery

The Reserve Bank of India is widely expected to keep key interest steady amid a surge in COVID-19 cases in the country

India's forex reserves fall by $2.986 billion to $579.285 billion

 

EURINR

EURINR trading range for the day is 86.54-87.24.

Euro remained supported as US dollar fell amid a drop in the US Treasury bond yields.

The euro area manufacturing sector grew at the strongest pace in nearly 24 years of data collection, underpinned by strong production and orders

Germany's retail sales grew for the first time in three months in February but the pace of expansion was slower than expected

 

GBPINR

GBPINR trading range for the day is 101.35-102.57.

GBP settled flat paing gains seen earlier amid hopes for an economic recovery after Prime Minister Boris Johnson announced a new mass testing programme

PM Johnson is also expected to confirm that all retail, outdoor hospitality and hairdressers can reopen on April 12th in England.

The UK manufacturing sector logged the fastest growth in a decade in March driven by strong inflows of business from domestic and overseas markets

 

JPYINR

JPYINR trading range for the day is 66.46-66.96.

JPY remained supported as dollar dropped moving in tandem with retreating Treasury yields from recent peaks despite signs of a robust U.S. economic recovery.

Japan household spending sinks 6.6% on year in February

Japan's services activity contracted at a slower than initially estimated pace in March

 

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