EURINR trading range for the day is 84.2-85.18 - Kedia Advisory
USDINR
USDINR trading range for the day is 75.17-76.09.
USDINR dropped as safe-haven demand for the currency eased while traders took stock of geopolitical developments.
Minutes show India will go slow on exiting easy money policy
India's forex reserves rise to $632.95 bln as of Feb 18
EURINR
EURINR trading range for the day is 84.2-85.18.
Euro dropped as the German economy contracted by 0.3% on quarter in the last three months of 2021
Traders seek further clues on the ECB monetary policy, as price pressures continue to intensify in the Euro Area
Money markets still expect the ECB to deliver a 10bps rate hike in July but bets of a 50bps raise by year-end diminished.
GBPINR
GBPINR trading range for the day is 100.62-101.92.
GBP dropped as British retailers reported slower sales growth in February
UK, U.S. to cut out Russian banks from sterling and dollar clearing, Johnson says
UK spending edges up in past week despite weather hit
JPYINR
JPYINR trading range for the day is 65.15-66.19.
JPY dropped as Japan Jan factory output likely fell for 2nd month on hit from Omicron
Japan's PM Kishida: Exchange rates are affecting the growth in import prices.
Japan's PM Kishida: The cost of raw materials is a major influence in inflation.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory