Published on 20/01/2021 10:09:07 AM | Source: Kedia Advisory

JPYINR trading range for the day is 70.23-70.67 - Kedia Advisory

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USDINR trading range for the day is 73.03-73.47.

USDINR dropped as investors prepared for U.S. Treasury Secretary nominee Janet Yellen to talk up the need for major fiscal stimulus

India's forex reserves up by $758 million to lifetime high of $586.082 billion

India's December trade deficit widens to $15.44 billion



EURINR trading range for the day is 88.42-89.06.

Euro seen supported as the euro zone's current account surplus narrowed slightly in November due to a larger deficit in secondary income

The bloc of 19 countries sharing the euro recorded a current account surplus of 24.6 billion euros in November, down from 25.6 billion euros in October

The German economic recovery will face significant setback if the rate of coronavirus infections fails to ease and the lockdown restrictions are subsequently extended



GBPINR trading range for the day is 99.37-100.01.

GBP gained seen benefited from the Bank of England pushing out the horizon for a potential introduction of negative interest rates.

UK house prices declined at a faster pace in January before the stamp duty holiday ends, the property website Rightmove said.

The UK economy is set to log negative growth in the first three months of this year



JPYINR trading range for the day is 70.23-70.67.

JPY dropped as US dollar rose amid the market's risk-off sentiment due to concerns over the rising Covid-19 infections in most parts of the

The US dollar shined as the best alternative investment, as the market's risk appetite dampened due to renewed concerns about the rising Covid-19 infections

Japan's industrial production declined for the first time in six months in November


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