USDINR trading range for the day is 73.42-73.94 - Kedia Advisory
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USDINR
USDINR trading range for the day is 73.42-73.94.
USDINR remained supported amid a rise in Treasury yields, as concerns grew over the spread of the coronavirus delta variant and its impact on the economic recovery.
St. Louis Fed president James Bullard told the central bank should go forward with a plan to start trimming stimulus this year despite the jobs slowdown last month.
India's economic growth will remain strong in coming quarters: S&P
EURINR
EURINR trading range for the day is 86.91-87.5.
Euro remained under pressure as worries about slowing global growth weighed on sentiment
ECB could be tightening policy quicker than markets expect -ECB's Holzmann
Bundesbank President Weidmann warned inflation is at risk of overshooting the ECB’s projections.
GBPINR
GBPINR trading range for the day is 101.22-101.8.
GBP steadied after Prime Minister Boris Johnson set out plans to raise taxes on workers, employers and some investors to pay for social care costs and the NHS.
Johnson announced the government would raise the rate of National Insurance payroll taxes paid by workers and employers by 1.25 percentage points.
BoE's Saunders says more QE could dislodge price expectations
JPYINR
JPYINR trading range for the day is 66.63-67.09.
JPY remained in range after Prime Minister Suga said he will not be running in the upcoming leadership election.
Investors also continued to monitor the pandemic in Japan, as government officials mull relaxing some COVID-19 curbs, depending on vaccination progress.
Japan's Q2 GDP revised up to annualised 1.9% growth
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