USDINR trading range for the day is 75.21-76.15 - Kedia Advisory
USDINR
USDINR trading range for the day is 75.21-76.15.
USDINR dropped amid positive news on the vaccine front and as the central bank sold dollars in the spot and futures market.
RBI rushes in to cut the Rupee's sudden drop, likely bought $5 bn
India's exports likely to touch record $400 billion this fiscal: Piyush Goyal
EURINR
EURINR trading range for the day is 84.93-85.81.
Euro dropped as surging Omicron cases triggered tighter curbs in Europe.
Euro zone current account surplus widens in Oct
Euro zone inflation confirmed at record high in November
GBPINR
GBPINR trading range for the day is 99.55-100.67.
GBP settled flat after UK Prime Minister Boris Johnson cautioned that further lockdown measures may be needed.
PM Johnson said that he would take "further action" to limit the spread of the Omicron variant if needed, describing the situation as "extremely difficult".
Data showed British public borrowing nearly halved in the first eight months of the 2021/22 financial year compared with a year earlier
JPYINR
JPYINR trading range for the day is 66.02-67.
JPY remained under pressure as Bank of Japan Governor Haruhiko Kuroda said it was too early to consider normalising monetary policy
The Bank of Japan decided to taper its corporate debt purchases to pre-pandemic levels and scale back some of its emergency funding scheme
The BOJ also maintained its short-term interest rate target at -0.1% and that for 10-year bond yields around 0%.
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