EURINR trading range for the day is 84.41-85.65 - Kedia Advisory
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USDINR
USDINR trading range for the day is 74.12-74.56.
USDINR gained amid concerns about the impact of rapidly spreading Omicron cases on the Indian economic recovery
Govt likely to target 13-14% nominal growth in FY23
The annual wholesale price inflation rate in India inched down to 13.56 percent in December 2021 from 14.23 percent in the previous month
EURINR
EURINR trading range for the day is 84.41-85.65.
Euro remained under pressure as investors will be keeping an eye on the latest Eurogroup meeting of finance ministers in Brussels.
The German economy logged only a moderate recovery in 2021 amid the Covid-19 restrictions and supply chain disruptions
ECB will do everything it takes to get inflation to 2%: Lagarde
GBPINR
GBPINR trading range for the day is 101.37-101.97.
GBP dropped as investors await a batch of economic releases due later this week that could set the scene for a potential interest rate increase in February
UK's Johnson plans to scrap COVID – 19 self-isolation law
UK economy finally bigger than before pandemic in November
JPYINR
JPYINR trading range for the day is 64.29-65.43.
JPY dropped following a jump in the greenback and US Treasury yields as the hawkish US rates outlook remained intact.
Japan's Cabinet Office: We anticipate that GDP will recover to pre-pandemic levels during FY2021, as opposed to calendar year 2021 previously.
Japan is considering stricter Covid measures for the Tokyo area.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
