EURINR trading range for the day is 86.04-87.4 - Kedia Advisory
USDINR
USDINR trading range for the day is 72.5-72.88.
USDINR traded in range with 10-year Treasury yields close to 13-month highs ahead of a Federal Reserve policy meeting
India's wholesale prices rose in February, data from the Ministry of Commerce & Industry showed.
OPEC says India’s 2021 GDP growth forecast revised up to 9% from 7.5%.
EURINR
EURINR trading range for the day is 86.04-87.4.
Euro dropped as investors continue to monitor the slow pace of COVID-19 vaccination in the EU and its impact on Europe's economic recovery.
Several EU member states have halted their rollouts of the Oxford-AstraZeneca jab in recent days.
ECB increased bond purchases last week to cap yields, stepping up its market activity even before policymakers decided to “significantly” raise asset buys
GBPINR
GBPINR trading range for the day is 100.68-101.42.
GBP remained supported as Britain's dismissal of safety concerns over the AstraZeneca vaccine gave the currency some berth to recovery from the previous day's falls.
BOE Governor Bailey said that the UK economy would contract by 4% in the first quarter
Bailey also said that inflation would remain below the 2% target but would rise temporarily due to public support measures.
JPYINR
JPYINR trading range for the day is 66.54-66.74.
JPY settled flat as the overall mood was cautious in the run-up to key meetings by the U.S. Federal Reserve and the Bank of Japan.
BOJ's Kuroda stresses need to keep yield curve 'stably low'
BOJ must prepare 'thoroughly' on digital currency, says Kuroda
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory