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07-09-2021 09:32 AM | Source: Kedia Advisory
USDINR trading range for the day is 74.71-75.11 - Kedia Advisory
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USDINR 

USDINR trading range for the day is 74.71-75.11.

USDINR gained after Fed’s minutes confirmed the world's biggest central bank is moving toward tapering its asset purchases as soon as this year.

RBI's Das wants to support growth, keep inflation expectations anchored

Fitch Ratings cut India's growth forecast to 10 percent for the current fiscal, from 12.8 percent estimated earlier.

 

EURINR

EURINR trading range for the day is 88.13-89.11.

Euro remained supported amid prospects of a solid economic recovery in Europe continued to be supported by upbeat economic data

ECB said to agree new inflation goal at 2%

ECB also said to allow for some overshoot of new inflation goal

 

GBPINR

GBPINR trading range for the day is 102.93-103.49.

GBP remained under pressure as investors remain cautious as the government also warned that the number of coronavirus cases could climb as measures are relaxed

British house prices saw their most widespread rises since 1988 last month

UK labor productivity recovered in the first quarter, data from the Office for National Statistics showed.

 

JPYINR

JPYINR trading range for the day is 67.49-68.67.

JPY strengthened as investors' interest switched to safe heaven assets as the Delta delta variant of the coronavirus is spreading

June bank lending up 1.4% yr/yr, vs +2.8% in May

Total deposits continue to rise, hit record in June

 

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