USDINR trading range for the day is 73.8-74 - Kedia Advisory
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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory