USDINR trading range for the day is 73.37-74.67 - Kedia Advisory
USDINR
USDINR trading range for the day is 73.37-74.67.
USDINR ended with losses as RBI's Governor Das: India could begin trials for a digital rupee by December
RBI’s focus is on examining the potential impact of a digital rupee on India’s financial sector with issues like monetary policy control high on the agenda.
Indian economic growth likely touched a record high in the quarter through June
EURINR
EURINR trading range for the day is 86.35-87.89.
Euro remained under pressure amid firmness in Rupee and German business and consumer morale came in weaker than expected.
Germany's consumer confidence is set to weaken sharply in September amid deterioration in economic expectations
The European Central Bank is seen remaining dovish for some time and the economic recovery in the Euro Zone may take longer.
GBPINR
GBPINR trading range for the day is 100.66-102.36.
GBP dropped amid firmness in Rupee on worries that the Delta coronavirus variant could derail the global recovery, boosting demand for the safe-haven dollar.
The UK private sector growth eased sharply in August largely due to staff shortages and supply chain issues.
UK retail sales grow at sharpest pace in Aug in 7 years: CBI
JPYINR
JPYINR trading range for the day is 66.64-67.96.
JPY dropped as Japan’s economic recovery will be delayed more than previously expected
Japan's July factory output to fall as Delta variant spreads in Asia
Japan's government maintained its economic assessment for a fourth straight month in August but offered a slightly weaker view on the outlook than in July
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory