09-03-2021 11:10 AM | Source: Kedia Advisory
EURINR trading range for the day is 86.52-87 - Kedia Advisory
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USDINR

USDINR trading range for the day is 73.01-73.39.

USDINR dropped as India's economy expanded by a record 20.1% in April-June, slightly above market expectations

Investors have dumped the dollar after US Federal Reserve Chair Jerome Powell laid out a slower-than-expected path to interest rate hikes

India infrastructure output growth remains solid in July

 

 

EURINR

EURINR trading range for the day is 86.52-87.

Euro seen supported after comments by ECB officials have led investors to expect the ECB will decide at next week's meeting to reduce the pace of its bond purchases

German Bundesbank chief Jens Weidmann warned that euro zone inflation is at risk of overshooting, while ECB President Christine Lagarde said the economy was recovering

The euro area unemployment rate declined in July as economies reopened from the second wave, figures published by Eurostat showed.

 

GBPINR

GBPINR trading range for the day is 100.6-101.32.

GBP edged higher driven by dollar weakness after disappointing U.S. labour data

So far this week, the pound has been propelled by moves in other currencies, in the absence of UK-specific data releases or Bank of England speakers.

UK manufacturers reported a slower growth in August amid rising constraints caused by supply chain issues, final survey results from IHS Markit showed.

 

JPYINR

JPYINR trading range for the day is 66.25-67.05.

JPY remained supported after Japan announced efforts to boost its long-term economic growth by promoting labor productivity, green technology, and digitalization

BOJ policymaker warns of heightening risks to Japan's economic recovery

The manufacturing sector in Japan continued to expand in August, albeit at a slower pace

 

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