USDINR trading range for the day is 73.22-73.72 - Kedia Advisory
USDINR
USDINR trading range for the day is 73.22-73.72.
USDINR ended with losses as the prospect of a global economic recovery supported demand for riskier assets.
India's consumer price inflation rate slowed to a three-month low in April, remaining within the central bank's 2-6 percent target
India's industrial output surged 22.4 percent in March 2021 compared with the same month last year
EURINR
EURINR trading range for the day is 88.74-89.18.
Euro depreciated as dollar seen supported as a higher than forecast US CPI number fueled bets that Fed might raise interest rates sooner than planned.
Euro zone economy to rebound more strongly in 2021, 2022 - Commission
Inflation, which has been below the ECB target for years, should accelerate to 1.7% in 2021 and slow down to 1.3% in 2022.
GBPINR
GBPINR trading range for the day is 103.05-103.59.
GBP dropped as investors rushed for the dollar following a larger than expected increase in US consumer prices.
The UK economy contracted in the first quarter as school closures and a large fall in retail sales earlier in the quarter dragged down growth.
UK house prices climbed notably in April as the increase in demand increasingly outstripped supply'
JPYINR
JPYINR trading range for the day is 67.04-67.34.
JPY dropped as Japan Q2 economic growth forecasts cut sharply on coronavirus restrictions
Bank of Japan Governor Haruhiko Kuroda said that he expects the jump in U.S. consumer inflation to be temporary.''
A measure of the public assessment of the Japanese economy decreased in April, survey data from the Cabinet Office showed
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory