EURINR trading range for the day is 82.55-82.91 - Kedia Advisory
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USDINR
USDINR trading range for the day is 76.02-76.46.
USDINR remained supported underpinned by the prospect of a more aggressive pace of Federal Reserve tightening.
India's March trade deficit at $18.51 Bln
India inflation rate highest since October 2020
EURINR
EURINR trading range for the day is 82.55-82.91.
Euro dropped as prospects for peace in Ukraine seemed to darken.
European Central Bank chief Christine Lagarde were taken as a sign that the bank was in no rush to raise interest rares.
Euro zone banks to tighten corporate credit access on war fears: ECB
GBPINR
GBPINR trading range for the day is 98.92-99.56.
GBP dropped after the CPI report showed the inflation rate hit a 30-year high of 7% in March.
Factory gate prices of goods produced by the UK manufacturers grew by 11.9% yoy in March of 2022
Markets expect the Bank of England to raise rates to 1% during the meeting on May 5th and see 140 basis points of hikes by year-end.
JPYINR
JPYINR trading range for the day is 60.39-61.07.
JPY dropped as the Bank of Japan’s firm commitment to maintain ultra-easy policies contrasted sharply with other major central banks
Japan's core machinery orders fell more than expected in February to extend a decline for the second month
Japan's finance minister says rapid yen moves 'undesirable'
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
