02-02-2021 10:07 AM | Source: Kedia Advisory
USDINR trading range for the day is 72.94-73.56 - Kedia Advisory
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USDINR

USDINR trading range for the day is 72.94-73.56.

USDINR gained after the government, announced plans to raise additional funds from the market over the next two months to bridge a deficit

India's finance minister, Nirmala Sitharaman, set a fiscal deficit target of 6.8% of GDP for the year ending March 2022

India's Jan factory activity at 3-mth high, manufacturing PMI rises to 57.7

 

EURINR

EURINR trading range for the day is 88.24-89.1.

Euro dropped as dollar found support with traders remaining wary amid the battle on Wall Street between hedge funds and retail investors.

The ECB and the Eurosystem have many excellent monetary economists, so everything is considered at some level, Lane told.

ECB's Knot: stock market rally could be fuelled by recovery hopes

 

GBPINR

GBPINR trading range for the day is 99.97-100.95.

GBP gained boosted by a combination of heightened global risk appetite and optimism about the UK's vaccine rollout.

The possibility of the Bank of England cutting rates presents another downside risk for the pound

UK retailers report biggest annual price falls since May

 

JPYINR

JPYINR trading range for the day is 69.67-70.21.

JPY remained in range after the release of better than expected economic data

Japan's unemployment rate steadied at 2.9% in December, while industrial production fell 1.6% in December

Japan's housing starts declined further in December

 


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