01-01-1970 12:00 AM | Source: Kedia Advisory
EURINR trading range for the day is 87.43-87.95 - Kedia Advisory
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USDINR

USDINR trading range for the day is 74.28-74.7.

USDINR settled flat as the market's next major focus is the Federal Reserve's two-day policy meeting that wraps up on Thursday

Since the previous meeting on June 16, when Fed officials dropped a reference to the coronavirus as a weight on the economy, cases are spiking.

There were signs that India’s second wave of coronavirus infections is slowing helped to curb the losses.

 

EURINR

EURINR trading range for the day is 87.43-87.95.

Euro ended with losses as fears of another wave of infections hit business confidence.

Euro zone business activity expanded at its fastest monthly pace in over two decades in July

French manufacturing growth remains strong in July

 

GBPINR

GBPINR trading range for the day is 101.87-102.87.

GBP dropped after a survey showed Britain’s economic rebound slowing sharply in July.

UK retail sales return to growth, up by 0.5% in month of June.

England lifted its final coronavirus-induced restrictions on Monday amid skepticism among epidemiologists due to a spike in infections.

 

JPYINR

JPYINR trading range for the day is 67.19-67.81.

JPY dropped as investors' risk appetite improved after a flight to safety.

Pressure also seen amid concerns over the spread of the Delta variant and a slowdown in global economic recovery.

Japan posted a merchandise trade surplus of 383.2 billion yen in June, the Ministry of Finance said.

 

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