JPYINR trading range for the day is 61.37-61.85 - Kedia Advisory
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USDINR
USDINR trading range for the day is 75.81-76.37.
USDINR seen supported amid increasing expectations the Fed will tighten monetary policy faster to fight rising inflation.
Minutes from the last FOMC meeting showed the Fed will likely reduce its balance sheet by $95 billion a month from May
ADB projects India's economy to grow by 7.5pc in FY23.
EURINR
EURINR trading range for the day is 82.68-83.46.
Euro recovered as support seen after German industrial output rises slightly in February
Euro zone investor morale slumps to lowest level since July 2020
Germany industrial output edges up in February
GBPINR
GBPINR trading range for the day is 99.3-99.9.
GBP rose as British consumers' spending on credit and debit cards rose by 6 percentage points in the week to March 31 to 4% above its pre-COVID level
Earlier, market sentiment was dominated by the US Fed’s quicker than expected plans to reduce its balance sheet size
The Halifax house price index in the United Kingdom climbed 11% in March of 2022 over the same month in 2021
JPYINR
JPYINR trading range for the day is 61.37-61.85.
JPY recovered on short covering as Bank of Japan Governor Haruhiko Kuroda acknowledged the currency’s rapid decline
The index of leading economic indicators in Japan, declined to 100.9 in February of 2022
IMF cuts Japan's growth forecast on hit from Ukraine war fallout
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
