EURINR trading range for the day is 87.13-87.57 - Kedia Advisory
USDINR
USDINR trading range for the day is 74.16-74.32.
USDINR traded in range as Indian economic growth likely touched a record high in the quarter through June
FM Nirmala Sitharaman expects retail inflation to be within MPC's comfort range going ahead
Dallas Fed President Robert Kaplan, said he may need to adjust that view if the coronavirus slows economic growth materially.
EURINR
EURINR trading range for the day is 87.13-87.57.
Euro remained supported ahead of US Federal Reserve Chair Jerome Powell's speech at the Jackson Hole symposium
German consumer morale weakened more than expected heading into September, amid concerns over inflation and rising COVID-19 cases.
ECB is seen remaining dovish for some time after policymakers pledged last month to keep interest rates at record-low levels
GBPINR
GBPINR trading range for the day is 101.71-102.35.
GBP remained supported as UK retail sales rose at the fastest rate since late 2014
Investors take a cautious mood ahead of the Jackson Hole Economic Symposium and there are no major economic releases from UK.
Speculators reduced their net long position on the pound in the week up to last Tuesday, CFTC data showed on Friday.
JPYINR
JPYINR trading range for the day is 67.3-67.66.
JPY dropped as Japan’s economic recovery will be delayed more than previously expected
Japan's government maintained its economic assessment for a fourth straight month in August
Market participants are eyeing the upcoming election of Japan's ruling party
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory