03-09-2021 09:26 AM | Source: Kedia Advisory
GBPINR trading range for the day is 100.98-101.96 - Kedia Advisory
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USDINR

USDINR trading range for the day is 72.95-73.73.

USDINR settled flat as investors hoped for a quicker economic recovery helped by the COVID-19 vaccination rollout and a growth-focused federal budget.

India's February trade deficit widens to $12.88 billion: trade ministry

Speculators cut their net short dollar positions in the latest week, according to CFTC.

 

EURINR

EURINR trading range for the day is 86.93-87.75.

Euro remained under pressure as the dollar index remained supported amid hopes for faster economic recovery from the COVID-19 pandemic

Eurozone retail sales declined more than expected in January as strict restrictions to contain the spread of the Covid-19 dampened demand

Germany's factory orders growth exceeded expectations in January underpinned by robust foreign demand, data from Destatis revealed.

 

GBPINR

GBPINR trading range for the day is 100.98-101.96.

GBP remained supported as optimism built about Britain's swift introduction of COVID-19 vaccines and expectations of a robust economic recovery.

UK's 2021 growth outlook not 'strong' – BoE's Haskel

Bank of England's Haskel says BoE should lean against downside risks

 

JPYINR

JPYINR trading range for the day is 67.39-67.97.

JPY remained in range as the dollar fell as investors increased bets on countries that will benefit from rising prices for oil, metals, and other goods.

BOJ's Kuroda brushes aside chance of widening yield band at March reviewJapan Bank Lending Rises 6.2% YoY in February

 

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