IGI Logo

USDINR

USDINR trading range for the day is 72.26-72.68.

USDINR settled dropped as India’s economy, is forecast to record a "stronger recovery" in 2021 and grow by 5 percent, according to a UN report.

India's economy is likely to grow by 12 percent in 2021 following a 7.1 percent contraction last year

Investors digested the U.S. Federal Reserve's pledge to look past inflation and keep interest rates low.

EURINR

EURINR trading range for the day is 86.02-86.62.

Euro seen some pressure as Germany plans to extend a lockdown to contain COVID-19 infections into a fifth month

Eurozone economic recovery is set to lag behind that of the U.S. as the coronavirus vaccination rollout in the bloc is slow

Germany's producer prices rose for the third straight month in February

GBPINR

GBPINR trading range for the day is 100.08-100.86.

GBP remained under pressure as policymakers were split over the prospects for longer-term improvement.

The Bank of England kept its interest rates and 895 billion pound bond-buying programme unchanged, as expected.

UK consumer morale leaps in March to hit one-year high: GfK

JPYINR

JPYINR trading range for the day is 66.53-66.89.

JPY remained in range as the Bank of Japan slightly loosened its grip on long-term bond yields and laid the groundwork to taper its huge purchases of risky assets

The Bank of Japan kept its interest rate unchanged at -0.10%

BOJ ditched its 6 trillion yen guide for annual purchases of exchange-traded funds every year.

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