07-07-2021 09:58 AM | Source: Kedia Advisory
GBPINR trading range for the day is 103.19-103.67 - Kedia Advisory
News By Tags | #2767 #5839

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USDINR

USDINR trading range for the day is 74.25-75.03.

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

India's June services activity shrinks at fastest rate in 11-months

India's manufacturing activity contracted in June for the first time in 11 months

 

EURINR

EURINR trading range for the day is 88.17-89.01.

Euro remained in range supported after the strong Eurozone services and composite PMI data.

The services PMI increased to 58.3 while the composite PMI rose to a 15-year high.

The services PMI increased to 58.3 while the composite PMI rose to a 15-year high.

Euro zone businesses expanded activity at the fastest rate in 15 years in June

 

GBPINR

GBPINR trading range for the day is 103.19-103.67.

GBP nudged higher as investors welcomed the UK government's plans for the final step of easing COVID-19 lockdown in England.

Data suggests that cases will continue to rise as restrictions are eased, the government said

The final step of lockdown easing was delayed by four weeks last month to enable more people to be vaccinated

 

JPYINR

JPYINR trading range for the day is 67.05-67.73.

JPY remained supported amid weakness in rupee despite the Japanese government is potentially keeping the quasi-state of emergency covering the Tokyo

The au Jibun Bank Japan Services PMI was at 48.0 in June 2021, compared with the preliminary reading of 47.2

Japan’s household spending rose at a double-digit rate in May

 

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