01-01-1970 12:00 AM | Source: Kedia Advisory
EURINR trading range for the day is 88.57-88.85 - Kedia Advisory
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USDINR

USDINR trading range for the day is 74.38-74.58.

USDINR ended with nominal gains as coronavirus outbreaks threatened to snuff out global economic recovery.

FY22 GDP may see upward revision if all adults get vaccinated: Ind-Ra

S&P Cuts India's 2021-22 Growth Forecast to 9.5%

 

EURINR

EURINR trading range for the day is 88.57-88.85.

Euro seen some pressure amid fears that the spread of the highly infections Delta virus variant could lead to additional travel restrictions

ECB must not reduce stimulus too early and should retain the exceptional flexibility of its emergency bond purchase scheme beyond the current crisis

Germany's import prices increased at the fastest pace since 1981, data published by Destatis revealed

 

GBPINR

GBPINR trading range for the day is 102.79-103.49.

GBP remained pressure as a dovish stance from the Bank of England contrasted with US Federal Reserve's surprise hawkish shift.

UK policymakers left monetary policy unchanged and warned against “premature tightening” in policy until there is significant progress towards GDP

The fall in the currency has caused a shakeout in speculative bets, although CFTC data still shows the market maintaining a net long position on the pound.

 

JPYINR

JPYINR trading range for the day is 67.19-67.55.

JPY gained as Japanese retail sales beat expectations in May as households loosened their purse strings.

Retail sales jumped 8.2% in May from a year earlier, the third straight month of growth, government data showed

Data showed that the unemployment rate rose to 3% in May 2021, the highest reading since December 2020

 

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