JPYINR trading range for the day is 68.89-69.35 - Kedia Advisory
USDINR
USDINR trading range for the day is 72.54-72.88.
USDINR settled flat despite of getting boost by optimism about India's economic recovery from the COVID-19 hit.
India's wholesale prices rose by 2.03 percent year-on-year in January 2021, accelerating from a 1.22 percent gain in the prior month
Data showed industrial output in the country grew by 1% yoy in December, reversing from a 2% fall in November.
EURINR
EURINR trading range for the day is 87.98-88.5.
Euro gained as dollar dropped as traders questioned whether the recovery from the pandemic in the United States would be as fast as expected.
German consumer prices to surpass ECB target this year – Weidmann
ECB needs to rethink market neutrality in green asset buys: Knot
GBPINR
GBPINR trading range for the day is 100.3-101.52.
GBP remained supported after the release of upbeat economic data as the British preliminary GDP reading showed a growth of 1.0% in Q4
The UK economy shrank 9.9% in 2020, which is the biggest annual fall in output in more than 300 years
Prime Minister Boris Johnson has said that he will announce details about the schedule for easing lockdown restrictions in the UK on Feb. 22.
JPYINR
JPYINR trading range for the day is 68.89-69.35.
JPY dropped as Japan's economic recovery slows as pandemic pain lingers
Q4 GDP grows annualised 12.7% vs forecast +9.5%
External demand adds to GDP growth
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory