JPYINR trading range for the day is 66.51-66.85 - Kedia Advisory
USDINR
USDINR trading range for the day is 72.69-73.39.
USDINR dropped buoyed by hopes that the economy would return to normal as some states eased lockdowns
India's services activity shrank in May on lockdowns, job cuts quicken
India cenbank assures ample liquidity even as it holds rates
EURINR
EURINR trading range for the day is 88.48-89.1.b
Euro seen supported as the dollar began on the defensive after being dented by a second batch of disappointing jobs figures
The possibility of a slowdown in bond buying is also in focus leading up to a European Central Bank meeting on Thursday.
Eurozone retail sales fell at a faster than expected pace in April, after rising in the previous two months
GBPINR
GBPINR trading range for the day is 102.8-103.64.
GBP remained under pressure as investors around the world digested weaker-than-forecast economic data from Germany and China.
BoE's Cunliffe says UK is seeing strong post – COVID bounceback
The UK service sector gained further momentum in May on higher spending in response to looser pandemic restrictions
JPYINR
JPYINR trading range for the day is 66.51-66.85.
JPY gained as sentiment was lifted as G7 finance ministers reached a historic agreement to reform the global tax system.
Investors proved optimistic on riskier assets after weaker than expected US jobs data last week eased some fears about the economy running too hot and stoking inflation.
Bank of Japan Governor Haruhiko Kuroda said a lack of due consideration to heterogeneity in setting climate risk standards would do more harm than good.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory