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Published on 22/03/2021 9:57:18 AM | Source: Kedia Advisory

JPYINR trading range for the day is 66.57-66.93 - Kedia Advisory

Posted in Top Stories| #Currency Tips #Kedia Advisory

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USDINR

USDINR trading range for the day is 72.42-72.84.

USDINR settled flat as investors digested the U.S. Federal Reserve's pledge this week to look past inflation and keep interest rates low.

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

 

EURINR

EURINR trading range for the day is 86.17-86.85.

Euro dropped after ECB President Lagarde said that the central bank might need some time before the recently agreed acceleration in the pace of bond purchases.

ECB President Lagarde said that short-term inflation movement related to temporary factors of a transitory nature should not precipitate any particular move.

The Eurozone’s economy continues to struggle with new coronavirus-related restrictions and slower vaccination rollout.

 

GBPINR

GBPINR trading range for the day is 100.24-102.58.

GBP seen some pressure after BOE left monetary policy unchanged and failed to signal any increase to the central bank's bond-buying in the coming months.

BoE's Haldane expects rapid UK recovery soon

Brexit won't mean lower capital for insurers, says Bank of England

 

JPYINR

JPYINR trading range for the day is 66.57-66.93.

JPY remained supported as the Bank of Japan left its key short-term interest rate unchanged at -0.1%

Overall consumer prices in Japan were down 0.4 percent on year in February

Japan posted a merchandise trade surplus of 217.381 billion yen in February, down 80.5 percent on year.

 

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