USDINR trading range for the day is 74.44-75.07 - Kedia Advisory
USDINR
USDINR trading range for the day is 74.44-75.07
USDINR ended with losses after RBI Governor Shaktikanta Das said that there is Clear signs of revival of growth in domestic economy
The RBI announced Rs 1 trillion of bond buying from the secondary market in the first quarter.
Domestic rating agency ICRA cut its 2021-22 growth estimate by 0.5 per cent on the upper end
EURINR
EURINR trading range for the day is 89.86-90.6.
Euro remained under pressure as dollar seeks to extend a recovery ahead of the U.S. Federal Reserve’s policy statement and a speech by President Joe Biden.
The German government raised its growth forecast for Europe’s largest economy to 3.5%
The Ifo economic institute said that business morale improved only slightly in April as the third wave of COVID-19 cases
GBPINR
GBPINR trading range for the day is 103.11-104.39.
GBP edged lower as the greenback strengthened across the board ahead of the Federal Reserve meeting
Political noise around Britain's ruling Conservative party has left the currency largely unaffected, while it has reacted positively on signs the economy is rebounding
UK retailers reported the strongest growth in sales since September 2018
JPYINRvv
JPYINR trading range for the day is 68.31-68.98.
JPY dropped as expected spending hit from COVID-19 curbs clouds outlook
Bank of Japan cut this fiscal year’s consumer inflation forecast and warned of lingering risks to the economic outlook
Japanese retail sales rose at the fastest pace in five months in March
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory