JPYINR trading range for the day is 64.84-65.62 - Kedia Advisory
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USDINR
USDINR trading range for the day is 74.84-75.42
USDINR remained in range after a Russian news report of mortar fire in eastern Ukraine jangled market nerves.
Fed reiterating the view that it would "soon be appropriate" to begin raising interest rates.
Money markets were pricing in a 72% likelihood of a 50 bps hike next month compared to 80% at the start of the week
EURINR
EURINR trading range for the day is 85.08-85.66.
Euro dropped as the dollar bounced after a Russian news report of mortar fire in eastern Ukraine jangled market nerves and sent investors in to safe havens
ECB bulletin: Shortages of materials, equipment and labour continue to hold back output in some industries.
ECB bulletin: High energy costs are hurting incomes of euro area households and earnings of firms and are likely to dampen spending.
GBPINR
GBPINR trading range for the day is 101.8-102.42
GBP remained supported after UK inflation soars to nearly 30 – year high
The British central bank does not expect inflation to return to its 2% target until early in 2024
The UK payroll employment and job vacancies rose to record highs and redundancies were below pre-pandemic levels
JPYINR
JPYINR trading range for the day is 64.84-65.62.
JPY remained supported as geopolitical concerns resurfaced and drove safe-haven demand for the currency
Japan's exports in January grew less than expected
BOJ’s Kuroda: Japan is not in a state to exit from easy monetary policy
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