IGI Logo

USDINR

* EURINR trading range for the day is 88.75-89.65.

* USDINR remained in range as investor sentiment improved after domestic coronavirus cases fell below the 300,000 mark for the first time since April 21.

* Moody’s Investors Service warned that the second severe wave of coronavirus infections would delay earnings recovery for Indian companies.

* Wholesale inflation in India hit double figures in April at 10.49% thanks to rising fuel costs.

EURINR

* EURINR trading range for the day is 88.75-89.65.

* Euro remained supported as several countries in Europe have succeeded in containing the outbreak and started to ease lockdown restrictions.

* ECB meeting account points to big June decision on emergency bond buys

* ECB's Stournaras says Europe not facing same inflation worries as U.S.

GBPINR

* GBPINR trading range for the day is 103.15-103.81.

*GBP remained supported as Britain reopens its economy after a four-month COVID lockdown.

 * Support also seen on bets of a strong economic recovery in Britain and expectations that any Scottish independence referendum could be a ways off.

* The UK economy contracted in the first quarter as school closures and a large fall in retail sales

JPYINR

* JPYINR trading range for the day is 66.99-67.51.

* JPY remained steady as tougher measures to combat the novel coronavirus commenced Sunday in six prefectures in Japan as infections continue to surge

* Producer prices in Japan were up 0.7 percent on month in April, the Bank of Japan said.

* A measure of the public assessment of the Japanese economy decreased in April, survey data from the Cabinet Office showed.

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