EURINR trading range for the day is 87.06-89.12 - Kedia Advisory
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USDINR
USDINR trading range for the day is 74.65-75.29.
USDINR gained to its highest level in three months as the rapid spread of the Delta variant of coronavirus threatened to derail economic recovery.
The dollar gained broadly as investors expressed renewed scepticism over the potential for a strong economic rebound from the pandemic.
S&P affirms India's sovereign rating at 'BBB-', keeps outlook stable.
EURINR
EURINR trading range for the day is 87.06-89.12.
EURINR gained as weakness in Rupee supported after pressure seen amid growing concerns over Covid-19 outbreaks and inflation.
Euro zone inflation slowed in June after a steady acceleration in the first months of 2021.
ECB policymakers are set for a showdown as they chart a new policy path amid growing fears of a third wave of coronavirus infections.
GBPINR
GBPINR trading range for the day is 102.55-103.21.
GBPINR dropped as investors sought safety in the greenback amid concerns over rising COVID-19 cases globally.
Deputy Governor Dave Ramsden warned that the bank could reverse monetary stimulus sooner than expected as inflation is seen hitting 4% this year.
Two top Bank of England officials surprised investors by suggesting monetary policy might be tightened sooner than expected.
JPYINR
JPYINR trading range for the day is 67.84-68.66.
JPYINR rose as a safe haven as the Delta variant of the coronavirus is spreading and the fast speed recovery remains in question.
Japan central bank sees moderate impact from global commodity inflation.
Japan's wholesale prices rose 5.1% in May from a year earlier, their fastest pace since 2008, fuelled by rising commodity costs.
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