USDINR trading range for the day is 75.04-76.06 - Kedia Advisory
USDINR
USDINR trading range for the day is 75.04-76.06
USDINR gained as the sharp rise in global oil prices raised concerns about its impact on domestic inflation.
RBI at its policy review lowered its full year inflation projection to 5.3% from 5.7%
India's benchmark 10-year bond yield closed at the session high of 6.34%, its highest since April 17, 2020.
EURINR
EURINR trading range for the day is 86.78-87.92.
Euro remained supported as investors continue bracing for higher inflation and a more hawkish response from the world's major central banks.
ECB said to study new bond-buying program for when PEPP ends
Germany's wholesale price inflation accelerated to the fastest since 1974, data from Destatis showed.
GBPINR
GBPINR trading range for the day is 102.17-103.35.
GBP remained in range as UK jobs data came in largely in line with forecasts, keeping expectations for future rate rises from the Bank of England intact.
UK wants a Brexit deal that works for Northern Ireland, minister says
UK jobs hit record high as Bank of England mulls first rate hike
JPYINR
JPYINR trading range for the day is 66.25-67.18.
JPY fell as traders wagered surging energy prices would drive Japan’s demand for dollars
Japan wholesale inflation spikes, squeezing corporate profits
Domestic final goods prices, which loosely track the consumer price index, rose 1.8% from a year earlier
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory