Published on 21/01/2021 10:03:34 AM | Source: Kedia Advisory

USDINR trading range for the day is 72.9-73.34 - Kedia Advisory

Posted in Top Stories| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 72.9-73.34.

Rupee traded in range as U.S. Treasury Secretary nominee Janet Yellen urged lawmakers to "act big" on stimulus spending at her confirmation hearing

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 88.31-89.11.

Euro dropped paring gains on profit booking after seen supported on bright German investor sentiment, Italian politics

Euro bounced off support around $1.2050, following a ZEW investor sentiment survey that beat forecasts and the Italian government surviving a confidence vote

ECB's Centeno says boosting euro's international role is significant challenge



GBPINR trading range for the day is 99.65-100.39.

GBP gained getting support from the Bank of England's prediction that Britain's economy begins to "recover at a rate of knots" in the second half of the year

GBP has also benefited lately from the Bank of England pushing out the horizon for a potential introduction of negative interest rates.

Business volumes in UK financial services grew for the first time in two years during the final quarter of 2020



JPYINR trading range for the day is 70.27-70.65.

JPY settled flat as dollar dropped after big spending talk from U.S. Treasury Secretary nominee Janet Yellen.

Yellen's comments, urging lawmakers to "act big" on coronavirus relief and not worry too much about debt

Sentiment among Japanese manufacturers stabilised in January to the least pessimistic in more than a year from the impact of COVID-19


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