IGI Logo

USDINR

USDINR trading range for the day is 74.81-75.67.

USDINR dropped as India will start administering COVID-19 booster shots as a precautionary measure to healthcare and frontline workers.

However, uncertainty over the economic impact of the Omicron variant weighed on investor sentiment.

BofA expects 8.2% GDP growth for India next fiscal with more downside risks

EURINR

EURINR trading range for the day is 84.95-85.65.

Euro dropped amid concerns over Europe's slowing economic growth on the back of surging prices and new COVID restrictions

The Netherlands went into lockdown due to the rapid spread of Omicron and Britain's health minister declined to rule out further restrictive measures

The consumer confidence indicator in the Euro Area fell by 1.5 points from a month earlier to -8.3 in December of 2021

GBPINR

GBPINR trading range for the day is 100.57-101.29.

GBP dropped as traders turned more positive about the economic outlook amid upbeat economic data and signs the Omicron variant is less severe

British manufacturers reported a near-record inflow of new orders this month but also a worsening shortage of stocks of finished goods

The current account deficit in the UK widened sharply to GBP 24.4 billion or 4.2% of the GDP in the third quarter of 2021

JPYINR

JPYINR trading range for the day is 65.47-66.13.

JPY dropped amid the approval of a record $940 billion budget for 2022 aimed at pandemic recovery late last week.

Support for Japan PM up as voters welcome his COVID measures

Japan's retail sales rose faster than expected in November, thanks to decreasing COVID-19 cases.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer