USDINR trading range for the day is 74.12-74.42 - Kedia Advisory
USDINR
USDINR trading range for the day is 74.12-74.42.
USDINR remained steady amid concerns that the highly contagious Delta coronavirus variant could derail a global economic recovery.
India's real GDP growth in first quarter seen at 14.2-23.3%
Data showed business activity growth in the United States slowed for a third straight month.
EURINR
EURINR trading range for the day is 87.02-87.46.
Euro steadied as Eurozone private sector activity growth held close to a 15-year high in August
Activity in Germany's manufacturing and services sectors expanded in August, pointing to recovering employment levels
ECB seen remaining dovish for some time after policymakers pledged to keep interest rates at record-low levels
GBPINR
GBPINR trading range for the day is 101.66-102.22.
GBP remained supported as UK retail sales rose at the fastest rate since late 2014
Investors take a cautious mood ahead of the Jackson Hole Economic Symposium and there are no major economic releases from UK.
Speculators reduced their net long position on the pound in the week up to last Tuesday, CFTC data showed on Friday.
JPYINR
JPYINR trading range for the day is 67.47-67.83.
JPY traded in range amid a strong dollar and as investors digest concerns over the potential economic fallout from the spread of coronavirus delta variant.
BoJ Policy Board member Nakamura concerned over economic recovery
Economy remains in severe state, recovery likely but downside risks large
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory