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01-01-1970 12:00 AM | Source: Kedia Advisory
EURINR trading range for the day is 87.13-87.57 - Kedia Advisory
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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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