EURINR trading range for the day is 88.42-88.8 - Kedia Advisory
USDINR
USDINR trading range for the day is 74.44-74.69.
USDINR ended with nominal losses as India's factory growth rebounded in July, hiring resumed after 15 months.
The Fed's dovish post-meeting statement was echoed by Fed Governor Lael Brainard who said "employment has some distance to go".
Data from the U.S. CFTC shows speculators rowed back into the dollar in the week through July 27, with net dollar longs at $3.56 billion
EURINR
EURINR trading range for the day is 88.42-88.8.
Euro dropped but recovered some of its losses as manufacturing activity across the euro zone continued to expand at a blistering pace in July
German retail sales jump for second month in a row.
A survey showed that consumer sentiment held steady heading into August as shoppers grew more ready to spend.
GBPINR
GBPINR trading range for the day is 103.46-103.92.
GBP prices remained under pressure as investors await the Bank of England's monetary policy decision on Thursday.
Officials are expected to keep rates on hold, but the policy statement and economic projections will be scrutinized closely.
UK factories lose a bit more pace in July, prices rising-PMI.
JPYINR
JPYINR trading range for the day is 67.87-68.15.
JPY steadied as the consumer confidence index in Japan inched up by 1 points.
Japan's factory activity growth picks up, costs rapidly rise -PMI.
BOJ's pledge may not drive up inflation expectations much.
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Top News
India-Germany bilateral trade surpasses $30 billion, time to reach new heights: PM Narendra ...
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory