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04-06-2021 09:43 AM | Source: Kedia Advisory
USDINR trading range for the day is 73.35-73.79- Kedia Advisory
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USDINR

USDINR trading range for the day is 73.35-73.79

USDINR gained as investors soaked up last week's strong U.S. employment report and looked ahead to data on the U.S. services sector

The Reserve Bank of India is widely expected to keep key interest steady amid a surge in COVID-19 cases in the country

India's forex reserves fall by $2.986 billion to $579.285 billion

 

EURINR

EURINR trading range for the day is 86.2-86.88.

Euro remained supported amid weakness in Rupee after pressure seen as investors fear that rising COVID-19 cases across Europe

ECB's Lagarde says will adjust PEPP as needed depending on financial conditions

ECB's Weidmann says Euro Zone 2021 growth forecasts could be missed if Covid restrictions are extended

 

GBPINR

GBPINR trading range for the day is 101.52-102.2.

GBP remained gains boosted by hopes for an economic recovery due to the UK's rapid vaccine rollout.

Support also seen as traders look past economic data in Britain and focused on a planned April re-opening of shops in England.

Data showed that Britain's economy grew faster than previously thought in the final three months of last year

 

JPYINR

JPYINR trading range for the day is 66.43-66.76.

JPY remained supported as prospects of a stronger economic recovery in the US boosted the Greenback.

The au Jibun Bank Japan Services PMI was revised upward to 48.3 in March 2021 from a preliminary reading of 46.5

The au Jibun Bank Japan Composite PMI was revised higher to 49.9 in March 2021 from flash data of 48.3

 

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