USDINR trading range for the day is 73.89-74.47 - Kedia Advisory
USDINR
USDINR trading range for the day is 73.89-74.47.
USDINR gained tracking subdued domestic equities and as investors digest fresh economic data including a wider trade deficit
India's Dec merchandise exports rise 38.91% y/y
India wholesale price inflation eases in December
EURINR
EURINR trading range for the day is 84.77-85.37.
Euro got support as Germany's economy grew by 2.7 percent in 2021, partially recovering from a 4.6 percent contraction in 2020
Euro zone inflation not as transitory as thought: ECB's de Guindos
Euro zone firms weathered COVID – 19 storm better than expected
GBPINR
GBPINR trading range for the day is 101.39-102.25.
GBP rose supported by expectations that the Bank of England will be raising interest rates as early as next month
UK economy expands at faster-than-expected pace
UK retailers face inflation hangover after blowout Christmas
JPYINR
JPYINR trading range for the day is 64.3-65.92.
JPY gained as investors trimmed long greenback positions and deemed that several US rate hikes this year were already fully priced in.
Japan PM sees no need to change FY2025 budget balancing target, for now
BOJ debates messaging on eventual rate hike as inflation perks up
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory