01-01-1970 12:00 AM | Source: Kedia Advisory
GBPINR trading range for the day is 102.88-103.78 - Kedia Advisory
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USDINR

USDINR trading range for the day is 73.21-73.57.

USDINR gained amid concerns that rising crude prices could negatively impact the country's current account deficit.

However upside seen limited supported by signs that India’s second wave of coronavirus infections is slowing and hopes of a solid economic recovery

India's retail price inflation shot up to a six-month high of 6.3% in May, breaching the Reserve Bank of India's target range

 

EURINR

EURINR trading range for the day is 88.66-89.36.

Euro remained supported as euro zone industrial production was stronger than expected in April

The euro zone’s unadjusted trade surplus was almost five times higher in April than a year earlier

European Central Bank President Christine Lagarde said that monetary and fiscal stimulus should remain in place

 

GBPINR

GBPINR trading range for the day is 102.88-103.78.

GBP ended with losses as investors digested news about the UK-Australia trade agreement and a delay in the UK's lockdown easing plan.

Prime Minister Boris Johnson announced a delay of four weeks to the wider reopening of the UK economy

The number of employees on British company payrolls surged by a record amount in May as COVID restrictions eased

 

JPYINR

JPYINR trading range for the day is 66.51-66.85.

JPY dropped as extension of emergency measures to stem a rise in coronavirus infections has dented the growth outlook

The Japanese government lifted the COVID-19 state of emergency in Tokyo and downgraded it to a quasi-emergency state in three prefectures

Japan's industrial output growth was revised higher to 2.9% mom the preliminary reading of 2.5% and a final 1.7% in March.

 

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