JPYINR trading range for the day is 66.57-66.93 - Kedia Advisory
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USDINR
USDINR trading range for the day is 72.42-72.84.
USDINR settled flat as investors digested the U.S. Federal Reserve's pledge this week to look past inflation and keep interest rates low.
India’s economy, is forecast to record a "stronger recovery" in 2021 and grow by 5 percent, according to a UN report.
India's economy is likely to grow by 12 percent in 2021 following a 7.1 percent contraction last year
EURINR
EURINR trading range for the day is 86.17-86.85.
Euro dropped after ECB President Lagarde said that the central bank might need some time before the recently agreed acceleration in the pace of bond purchases.
ECB President Lagarde said that short-term inflation movement related to temporary factors of a transitory nature should not precipitate any particular move.
The Eurozone’s economy continues to struggle with new coronavirus-related restrictions and slower vaccination rollout.
GBPINR
GBPINR trading range for the day is 100.24-102.58.
GBP seen some pressure after BOE left monetary policy unchanged and failed to signal any increase to the central bank's bond-buying in the coming months.
BoE's Haldane expects rapid UK recovery soon
Brexit won't mean lower capital for insurers, says Bank of England
JPYINR
JPYINR trading range for the day is 66.57-66.93.
JPY remained supported as the Bank of Japan left its key short-term interest rate unchanged at -0.1%
Overall consumer prices in Japan were down 0.4 percent on year in February
Japan posted a merchandise trade surplus of 217.381 billion yen in February, down 80.5 percent on year.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)