07-05-2021 10:03 AM | Source: Kedia Advisory
JPYINR trading range for the day is 66.95-67.53 - Kedia Advisory
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USDINR

USDINR trading range for the day is 74.63-75.23.

USDINR ended with gains as India's manufacturing activity contracted in June for the first time in 11 months and amid concerned about rising crude prices.

The Reserve Bank of India has released its financial stability report which mainly highlights inflation concerns.

India's June jobless rate falls to 9.17% -private think-tank CMIE

 

EURINR

EURINR trading range for the day is 88.49-88.95.

Euro settled flat as Euro zone manufacturing activity expanded at its fastest pace on record in June

The euro zone economy may well avoid the most pessimistic scenario envisaged at the start of the COVID-19 pandemic but it still faces risks from virus mutations

The euro area unemployment rate dropped in May, data published by Eurostat showed

 

GBPINR

GBPINR trading range for the day is 102.78-103.4.

GBP dropped pressured in the wake of dovish comments from the Bank of England's governor.

Britain’s factories extended their post-lockdown recovery in June and ramped up hiring

British finance minister Rishi Sunak welcomed progress in talks at the OECD on overhauling global corporate tax rules

 

JPYINR

JPYINR trading range for the day is 66.95-67.53.

JPY remained supported as Japanese big manufacturers’ business confidence improved in the second quarter to hit a two-and-half-year high

June manufacturing activity contracts after 11 months, PMI below 50

BOJ trimmed the amount of Japanese government bonds it will purchase in the coming quarter and also shifted its announcement to a quarterly schedule

 

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