01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 73.8-74 - Kedia Advisory
News By Tags | #2767 #5839

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USDINR

* USDINR trading range for the day is 73.8-74.62.

* USDINR rose amid concerns around China Evergrande’s debt crisis, and higher U.S. bond yields

* Ratings agency Icra revised up its 2021-22 real GDP growth estimate for India to 9 per cent from the earlier 8.5 per cent.

* RBI Governor says, there are signs that the world is emerging from shadow of coronavirus

 

 

EURINR

* EURINR trading range for the day is 86.46-87.12.

* Euro recovered to end with gains amid weakness in Rupee and as investors digested the narrow victory of the Social Democrats in German elections.

* ECB has 'every reason to believe' supply issues will ease, Lagarde says

* German inflation could stay above 2% through mid – 2022 – Bundesbank

 

 

GBPINR

* GBPINR trading range for the day is 100.7-101.96.

* GBP dropped amid concerns over the British economy and the unemployment outlook

* BoE Governor Baile

says the rate of recovery has slowed over recent months and that slowing is continuing

* Most MPC members view that outlook for the labour market as highly uncertain and to some degree likely to be resolved in fairly short order

 

 

JPYINR

* JPYINR trading range for the day is 66.42-67.

* JPY dropped as rising bond yields in the U.S. and Europe lured Japanese investors.

* Some said Japan's recovery timing might be delayed - minutes

* BOJ kept policy steady, cut this year's growth f'cast in July

 

 

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