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09-02-2021 11:36 AM | Source: Kedia Advisory
USDINR trading range for the day is 73.01-73.49 - Kedia Advisory
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USDINR

USDINR trading range for the day is 73.01-73.49

USDINR gained with investors focused on a key U.S. jobs report due on Friday for clues on when the Federal Reserve might begin paring stimulus

India’s manufacturing sector activities moderate in August constrained by COVID-19, surging costs: PMI

Fiscal deficit at 21 per cent as tax mop-up rises, spending dips

 

EURINR

EURINR trading range for the day is 86.16-86.96

Euro recovered from lows as a higher-than-expected inflation reading pumped up bond yields

ECB to raise growth forecast next week: de Guindos

Data showed euro zone inflation increased to 3% year-on-year in August, the highest in a decade, above the European Central Bank's 2% target

 

GBPINR

GBPINR trading range for the day is 100.27-101.23

GBP steadied amid prospects of a continued economic recovery even as several central banks prepare to reduce their massive stimulus programs.

BOE signaled in August "some modest tightening" of monetary policy over its forecast period was likely to be necessary if the economy continues to improve.

Bank of England Governor Andrew Bailey highlighted the central bank's work to ensure financial institutions took account of global warming risks

 

JPYINR

JPYINR trading range for the day is 66.25-66.67.

JPY dropped as investors bet Prime Minister Yoshihide Suga’s manoeuvring might help restore political stability.

BOJ's deputy governor warns against premature monetary tightening

Japan's capex rises for first time since COVID-19 outbreak

 

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