IGI Logo

USDINR

USDINR trading range for the day is 74.65-75.43.

USDINR dropped on optimism that the fast-spreading Omicron variant of coronavirus would not limit global economic recovery.

Net Change -0.27 Trading Ideas for the Day India's benchmark 10-year bond yield rose to its highest level since April last year

Exports rise 36% during December 1-21: Commerce Ministry

EURINR

EURINR trading range for the day is 84.71-85.45.

Euro dropped amid concerns over Europe's slowing economic growth on the back of surging prices and new COVID restrictions.

But recovered most of its as fading concerns about the economic impact of the pandemic supported risk sentiment

The European Central Bank is seen tightening policy slower than the US Federal Reserve.

GBPINR

GBPINR trading range for the day is 99.72-101.64.

GBP remained in range as traders turned more positive about the economic outlook amid upbeat economic data and signs the Omicron variant is less severe

British manufacturers reported a near-record inflow of new orders this month but also a worsening shortage of stocks of finished goods

The current account deficit in the UK widened sharply to GBP 24.4 billion or 4.2% of the GDP in the third quarter of 2021

JPYINR

JPYINR trading range for the day is 65.13-65.75.

JPY dropped as safe-havens fell out of favour following Wall Street's rally to a record high overnight, with Omicron uncertainty consigned to the background.

Japan's Nov factory output surges 7.2% on jump in car production

Data showed the jobless rate rose to 2.8% from the previous month's 2.7%

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer