EURINR trading range for the day is 86.95-87.37 - Kedia Advisory
USDINR
USDINR trading range for the day is 74.22-74.48.
USDINR dropped as MPC’s decision to overlook high inflation and prioritise growth, was a "judgment call", the Reserve Bank of India said
India's July retail inflation eased to 5.59% in July, below market expectations of 5.78% and falling within the central bank's 2-6% target range.
The wholesale price inflation rate also slowed more than expected.
EURINR
EURINR trading range for the day is 86.95-87.37.
Euro remained under pressure as latest data from the world's biggest economies cast a shadow over the growth outlook.
Euro zone inflation accelerated to 2.2% in July, its highest rate in nearly three years
Eurostat said consumer prices in the 19-nation bloc rose 2.2% in July on the year, after a 1.9% rise in June.
GBPINR
GBPINR trading range for the day is 101.96-102.64.
GBP remained under pressure after UK inflation data showed a sharper slowdown than expected
UK inflation slows more sharply than expected to 2.0% in July
The ONS data showed signs of continued inflation pressure in prices paid and charged by factories.
JPYINR
JPYINR trading range for the day is 67.47-68.15.
JPY dropped amid the Japanese economy grew faster than expected in Q2
July exports rises slower than expected
June machinery orders -1.5% m/m vs forecast -2.8%
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory