JPYINR trading range for the day is 66.76-67.4 - Kedia Advisory
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USDINR
USDINR trading range for the day is 75.89-76.45.
USDINR remained under pressure as major central banks laid out plans to unwind pandemic-era stimulus, with the Bank of England surprising markets with a rate hike.
Consumer inflation increased less than expected last month
Fitch ratings cut India’s GDP forecast to 8.4% for the current fiscal year but raised the growth projection to 10.3% for the next fiscal year.
EURINR
EURINR trading range for the day is 85.78-86.72.
Euro rose after the ECB said it will cut bond buys under its 1.85 trillion-euro Pandemic Emergency Purchase Programme and will end the scheme as expected in March.
The European Central Bank said it would continue to cut its bond purchases.
Germany's producer prices rose at the fastest pace in seven decades in November
GBPINR
GBPINR trading range for the day is 100.59-101.99.
GBP settled flat on profit booking paring all gains seen after BOE became the first major central bank to raise interest rates since the beginning of the pandemic.
The BoE raised its main interest rate to 0.25% from an historic low of 0.1%.
The UK private sector posted a sharp slowdown in December amid tighter pandemic restrictions and renewed business uncertainty
JPYINR
JPYINR trading range for the day is 66.76-67.4.
JPY gained after the Bank of Japan decided to taper its corporate debt purchases to pre-pandemic levels
The BOJ also maintained its short-term interest rate target at -0.1% and that for 10-year bond yields around 0%, as widely expected.
The manufacturing sector in Japan continued to expand in December, albeit at a slower pace
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