IGI Logo

USDINR

USDINR trading range for the day is 73.05-73.35.

USDINR ended with losses as the country reported its lowest daily rise in COVID-19 infections in more than a month.

RBI will transfer a surplus of Rs 99,122 crore to the government for the nine-month accounting period ended March 31

Wholesale prices in India jumped 10.49 percent year-on-year in April of 2021, the highest rate since May of 2010

EURINR

EURINR trading range for the day is 89.38-89.88.

Euro remained supported by solid economic recovery hopes and a broad dollar weakness.v

The Ifo Business Climate indicator for Germany rose to 99.2 in May, from the previous month's revised figure of 96.6

ECB must keep its money taps fully open, as the euro zone economy is still in the throes of the coronavirus pandemic despite progress in vaccination campaigns

GBPINR

GBPINR trading range for the day is 103.26-104.1.

GBP remained in range boosted by expectations of further relaxation of social restrictions linked to the COVID-19 pandemic by the end of June.

The currency's recent rise against the dollar has also been supported by investor concerns that rising inflation in the U.S. could prompt interest rate increases.

Bank of England Governor Andrew Bailey had said he does not see long-term implications from an expected pick-up in inflation.

JPYINR

JPYINR trading range for the day is 67.03-67.51.

JPY dropped as the Japanese government plans to extend the COVID-19 state of emergency covering Tokyo, Osaka and other areas.

BoJ Governor Haruhiko Kuroda noted that the fragile and uneven nature of economic recovery has been a source of concern globally

The manufacturing sector in Japan continued to expand in May, albeit at a slower pace, the latest survey

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