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07-01-2021 09:59 AM | Source: Kedia Advisory
JPYINR trading range for the day is 67.21-67.77 - Kedia Advisory
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USDINR

USDINR trading range for the day is 74.26-74.82.

USDINR remained supported ahead of unpredictable U.S. labour data and concern over the spread of the Delta coronavirus variant.

The dollar gained about mostly in the wake of a surprisingly hawkish shift in the Federal Reserve's rates outlook.

Traders think it could move sharply in either direction if labour data this week provides clues as to the pressure on policymakers.

 

EURINR

EURINR trading range for the day is 88.37-89.01.

Euro settles flat amid hopes of a solid economic recovery in Europe due to ongoing re-opening efforts and a rapid pace of vaccination

ECB Lagarde said that brighter prospects for global demand and a faster-than-anticipated increase in consumer spending could result in a stronger economic recovery

Germany's unemployment decreased more than expected in June, data from the Federal Labor Agency revealed.

 

GBPINR

GBPINR trading range for the day is 102.9-103.6.

GBP remained supported amid weakness in rupee after investors await news on UK – EU sausage spat

The current grace period waiving checks on British-made sausages and other chilled meats moving to Northern Ireland is due to end soon.

British Prime Minister Boris Johnson said that Britain expects to reach an agreement on extending the exemption soon.

 

JPYINR

JPYINR trading range for the day is 67.21-67.77.

JPY gained as the consumer confidence index in Japan increased, showing the strongest reading since February last year.

Japan's May factory output records biggest drop in a year

Japan tax revenues likely reached record high in FY2020/21

 

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