02-01-2021 08:46 AM | Source: Kedia Advisory
GBPINR trading range for the day is 99.72-100.6 - Kedia Advisory
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USDINR

 

USDINR trading range for the day is 73.08-73.3.

USDINR ended with losses as pressure seen after India's real gross domestic product GDP is expected to grow by 11.5 percent in FY22

Economic Survey 2021 pegs India's GDP growth at 11.5% in FY22

For FY21, the economy is expected to contract by 7.7 percent, the survey said.

 

EURINR

EURINR trading range for the day is 88.44-88.96.

Euro traded in range as dollar remained on the back foot as risk sentiment improved after data showed that U.S. jobless claims fell in the latest week

Germany's consumer price inflation turned positive in January for the first time in seven months

Eurozone economic sentiment weakened in January driven by sliding confidence in retail trade and services

 

GBPINR

GBPINR trading range for the day is 99.72-100.6.

GBP traded in range as Britain's faster COVID-19 vaccine rollout than in the European Union offered support to the pound.

Although Britain's deaths from the coronavirus pandemic passed 100,000, its faster initial vaccine rollout has fuelled hopes for economic recovery.

Hopes for a large U.S. fiscal stimulus package has fuelled risk sentiment in markets in recent weeks, benefiting sterling.

 

JPYINR

JPYINR trading range for the day is 69.59-70.27.

JPY dropped following the release of weak economic data, and linger concerns over the coronavirus crisis.

Industrial production in Japan dropped a seasonally adjusted 1.6 percent on month in December

The unemployment rate in Japan was a seasonally adjusted 2.9 percent in December

 


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