Published on 8/04/2020 9:48:10 AM | Source: Kedia Advisory

USDINR trading range for the day is 75.55-76.95 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 75.55-76.95

Rupee gained on signs of a slowdown in the spread of the coronavirus in key hotspots and some governments began making plans to ease restrictions

India’s manufacturing activity expanded at its slowest pace in four months in March and is likely to get worse as demand and output take a hit from the coronavirus outbreak

The Indian government plans to borrow more aggressively than anticipated in the April-September period



EURINR trading range for the day is 82.23-83.03

Euro steadied as tentative signs that deaths due to the novel coronavirus in hot spots in the United States and Europe were starting to slow supported risk sentiment

German industrial production grew unexpectedly in February, data from Destatis revealed.

Germany's construction activity decreased at the sharpest rate in seven years in March with declines in all sub-groups.



GBPINR trading range for the day is 92.9-93.96.

GBP edged lower after British Prime Minister Boris Johnson was moved to intensive care after his coronavirus symptoms worsened.

British consumer confidence has recorded its biggest fall in more than 45 years, a survey showed.

The UK construction sector contracted at the steepest rate since April 2009 reflecting the impact of the COVID-19 pandemic



JPYINR trading range for the day is 69.14-70.32.

JPY dropped after Japanese Prime Minister Shinzo Abe unveiled fiscal stimulus worth almost $1 trillion and agreed to declare a state of emergency for Tokyo.

Japanese Prime Minister Shinzo Abe pledged to roll out an unprecedented economic stimulus, equal to 20% of economic output

Japan's leading rose in February after falling in the previous month, preliminary data from the Cabinet Office showed


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