USDINR trading range for the day is 75.31-76.31 - Kedia Advisory
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USDINR
USDINR trading range for the day is 75.31-76.31.
USDINR dropped tracking lower oil prices and upbeat domestic equities.
India manufacturing PMI drops to 6-month low
India 10 Year Government Bond Yeld increased to an 8-week high of 6.951%
EURINR
EURINR trading range for the day is 82.86-84.6.
Euro dropped after Germany and France said a new round of sanctions targeting Russia were needed amid "very clear clues" of war crimes in Ukraine.
The euro has been weighed down by worries about the economic damage from war in Ukraine.
ECB sees inflation stabilising around 2% target: Lane
GBPINR
GBPINR trading range for the day is 98.78-100.08.
GBP dropped as dollar seen supported as Treasury yields rose with expectations of rapid-fire U.S. interest rate hikes
Traders continue to bet on a rapid pace of interest rate rises from the Bank of England
Money markets are currently pricing in a 25 basis point hike when the BoE meets in May.
JPYINR
JPYINR trading range for the day is 61.48-62.46.
JPY dropped after Japan’s finance minister said last week the Bank of Japan targets stable price inflation, not foreign exchange rates.
Kuroda increasingly alone in preaching merits of weak yen
BOJ to keep defending yield cap despite impact of yen weakness
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
