IGI Logo

USDINR

USDINR trading range for the day is 73.18-73.96.

USDINR fell after the U.S. Federal Reserve chairman's comments sparked bets of a slower reduction in monetary stimulus.

Powell re-emphasised that the pace of the asset purchase programme could slow by the end of the year.

Governor Shaktikanta Das told that the central bank will not surprise the market with any sudden measures and that all measures will be cautious and well calibrated.

EURINR
EURINR trading range for the day is 86.41-87.33.

Euro dropped as pressure seen after Eurozone economic sentiment falls in August

The economic sentiment indicator in the Euro Area dropped to 117.5 in August 2021, from an all-time high of 119.0 in the previous month

ECB needs to take account of improved financing conditions - Villeroy

GBPINR

GBPINR trading range for the day is 100.73-101.83.

GBP dropped amid concerns over the pace of global growth due to the worldwide spike in COVID-19 infections.

The UK private sector growth eased sharply in August largely due to staff shortages and supply chain issues

UK retail sales rose at the fastest rate since late 2014, but the pace is expected to slow slightly next month.

JPYINR

JPYINR trading range for the day is 66.68-67.4.

JPY dropped as Japan’s economic recovery will be delayed more than previously expected

Japan's July factory output to fall as Delta variant spreads in Asia

Japan's government maintained its economic assessment for a fourth straight month in August but offered a slightly weaker view on the outlook than in July

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer