IGI Logo

USDINR

Observations

USDINR trading range for the day is 82.36-82.88 Rupee hit a near three-week high after a stronger Chinese yuan sparked a rally and also investors assessed key growth data. India Manufacturing PMI edged down to a four-month low of 55.3 in February of 2023 India's April-Jan fiscal deficit touches 68% of full-year target

EURINR

Observations

EURINR trading range for the day is 87-89.28 Euro remained supported as investors repositioned for further interest rate increases from both the ECB and the Fed. Germany Manufacturing PMI was revised slightly lower to 46.3 in February of 2023 from a preliminary of 46.5 The S&P Global Eurozone Manufacturing PMI was confirmed at 48.5 in February of 2023

GBPINR

Observations

GBPINR trading range for the day is 99-100.16 GBP dropped after BOE Governor Andrew Bailey said nothing had been decided in terms of whether interest rates would need to rise again. Latest figures from mortgage lender Nationwide showed British house prices dropping by the most in more than 10 years in February UK Manufacturing PMI was revised slightly higher to 49.3 in February of 2023 from a preliminary of 49.2

JPYINR

Observations

JPYINR trading range for the day is 60.6-61.58 JPY rose as upbeat Chinese economic data bolstered the outlook for the global economy and lifted market sentiment. Japan manufacturing revised slightly higher Bank of Japan Governor nominee Ueda doubled down on the importance of the bank’s ultra-easy monetary policy stance.

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