EURINR trading range for the day is 87.54-88.62. - Kedia Advisory
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USDINR
USDINR trading range for the day is 72.52-73.58.
Rupee recovered thanks to positive news around the country's COVID-19 vaccination drive and upbeat domestic economic growth data.
The IHS Markit India Services PMI increased to 55.3 in February of 2021 from 52.8 in the previous month
India's economy grew 0.4% in October to December, ending its severest recession since at least 1996
EURINR
EURINR trading range for the day is 87.54-88.62.
Euro dropped as concerns over rising bond yields continue to weigh.
Latest PMI data that pointed to another solid contraction in construction activity in the Euro Area.
The IHS Markit Eurozone Construction PMI ticked up to 45.0 in February of 2021 from 44.1 in the previous month
GBPINR
GBPINR trading range for the day is 101.3-102.4.
GBP dropped as dollar index held above the 91 as soaring US Treasury yields lent some optimism to the greenback bulls.
UK's Sunak extends COVID rescue plan but moves to bring in more tax
Investors began pricing in a robust economic recovery and rising inflation fueled by massive government spending and an ultra-dovish Fed.
JPYINR
JPYINR trading range for the day is 67.67-68.75.
JPY dropped as hopes that vaccine distribution and more government stimulus will drive the U.S. economy into a solid rebound lifted the greenback
The services sector in Japan continued to contract in February, albeit at a slower pace.
The unemployment rate in Japan came in at a seasonally adjusted 2.9 percent in January
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)