IGI Logo

USDINR

USDINR trading range for the day is 74.03-74.81.

USDINR dropped as a doggedly dovish outlook from the Fed and bold spending plans from the White House gave a green light for the global reflation trade.

The RBI announced Rs 1 trillion of bond buying from the secondary market in the first quarter.

Domestic rating agency ICRA cut its 2021-22 growth estimate by 0.5 per cent on the upper end

EURINR

EURINR trading range for the day is 89.78-90.64.

Euro pared gains as firmness in rupee weighed after seen supported boosted by optimism about a strong economic recovery

The dollar was on the defensive near nine-week lows as a decidedly dovish outlook from the U.S. Federal Reserve gave a green light for the global reflation trade.

ECB adjusts bond – buying volumes to market conditions: Schnabel

GBPINR

GBPINR trading range for the day is 103.32-104.12.

GBP seen supported as investors welcomed signs the UK economy is rebounding from the pandemic

Political noise around Britain's ruling Conservative party has left the currency largely unaffected, while it has reacted positively on signs the economy is rebounding

UK retailers reported the strongest growth in sales since September 2018

JPYINR

JPYINR trading range for the day is 67.85-68.89.

JPY dropped as firmness in rupee weighed after seen supported earlier after Fed kept its easy money policy in place.

BOJ left its key short-term interest rate unchanged at -0.1%, maintaining the target for the 10-year bond yield at around 0%

Retail sales rose by 5.2% yoy in March, the first growth since November 2020 and the steepest pace in 5 months.

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