IGI Logo

USDINR

USDINR trading range for the day is 73.44-74.07.

USDINR dropped as the Manufacturing PMI was at 55.5 in April 2021, beating consensus of 51.6, indicating a solid improvement in the health of the sector.

Pressure also seen underpinned by hopes for a strong post-pandemic economic recovery and to increase investor risk appetite.

India to breach fiscal deficit target in FY22: Fitch Solutions

EURINR

EURINR trading range for the day is 88.77-89.39.

Euro dropped tracking firmness in rupee after seen supported as Germany's industrial production rose in March by the most since last October

The Eurozone PMI survey released showed the bloc's private sector activity grew at a faster pace in April, as the service activity returned to growth

Two in five euro zone banks still in denial about bad loans: ECB's Enria

GBPINR
GBPINR trading range for the day is 102.22-102.98.

 GBP remained under pressure after the Bank of England slowed the pace of its trillion-dollar bond-purchasing programme.

The decision was largely expected and the BoE stressed it was not reversing its stimulus.

The Bank of England said Britain's economy would grow by the most since World War Two this year

JPYINR
JPYINR trading range for the day is 67.3-67.88.

JPY remained under pressure amid concerns around the slow recovery due to the extension of COVID-19 emergency measures.

 Japan government seeks to extend state of emergency to May 31

The services sector in Japan continued to contract in April, albeit at a slower pace

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