IGI Logo

USDINR

USDINR trading range for the day is 74.34-75.56.

USDINR remained supported amid concerns about rising COVID-19 cases and their impact on the economy's pace of recovery.

India inflation rate rises more than expected

India industrial output falls most in 6 months

EURINR

EURINR trading range for the day is 89.76-90.92.

Euro remained supported on the back of a brightening outlook for the region's vaccination programme.

US 10-year rates held near 5-week lows of 1.599% despite strong US inflation and recent employment data

Germany's economic output decreased in the first quarter as activity was dampened in all sectors, the latest monthly report from Bundesbank said.

GBPINR

GBPINR trading range for the day is 104.13-105.43.

GBP remained supported after stronger-than-expected economic data suggested that the UK jobs market has been broadly stable in recent months

Speculators' net long position on the pound versus the dollar rebounded after slipping to its lowest since February in the previous week.

Traders will be watching PMI surveys for the UK, together with data on the labour market, inflation and retail sales this week.

JPYINR

JPYINR trading range for the day is 68.76-69.62.

JPY settled flat with market participants retreating as an increasing novel coronavirus caseload threatens major parts of Japan with fresh states of emergency

Japan's industrial production declined less than estimated in February

Japan posted a merchandise trade surplus of 663.7 billion yen in March

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

.