GBPINR trading range for the day is 99.61-100.09 - Kedia Advisory
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USDINR
USDINR trading range for the day is 73.04-73.24.
USDINR dropped as Reserve Bank of India is seen holding rates at record lows but its stance on liquidity will be closely watched
Indian services industry improved in January; job cuts continued
India's April-December fiscal deficit tops 145% of full year target
EURINR
EURINR trading range for the day is 87.58-88.68.
Euro struggled as concerns about extended lockdowns dampened sentiment towards the single currency.
Due to the restrictions related to Covid-19, the euro area economy contracted in the fourth quarter after bouncing back in the preceding three months
Data showed retail sales in Germany, plunged by more than forecast in December
GBPINR
GBPINR trading range for the day is 99.61-100.09.
GBP dropped as UK manufacturing sector growth slowed in January reflecting a slight fall in new orders
However downside seen limited amid a faster pace of vaccinations in Britain and the scope for a faster economic recovery would boost the currency this year
Speculators reduced their net long position on the pound against the dollar in the week, CFTC data showed.
JPYINR
JPYINR trading range for the day is 69.56-69.82.
JPY dropped as dollar benefited from a massive bout of short-covering, where hedge funds had racked up their biggest short bets against dollar since October 2016
BOJ wants to make policy sustainable and nimble - Wakatabe
Warns it will take 'considerable' time to hit 2% inflation
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
