USDINR trading range for the day is 75.33-75.91 - Kedia Advisory
USDINR
USDINR trading range for the day is 75.33-75.91.
USDINR gained amid an uptick in global crude oil prices as a risk-off trade in global markets saw the domestic share markets crash.
India's January WPI inflation eases marginally to 12.96% y/y
Finance Minister Nirmala Sitharaman has said that the Indian economy suffered the biggest contraction due to the COVID-19 pandemic
EURINR
EURINR trading range for the day is 85.29-86.03.
Euro dropped with traders on edge about the prospect of war in Europe and unsettled by soaring inflation.
EU exec cuts 2022 euro zone growth forecast, sharply raises inflation view
Better to normalise monetary policy step – by – step, ECB's Rehn says
GBPINR
GBPINR trading range for the day is 101.49-102.87.
GBP settled flat as the possibility of war in Ukraine, along with the prospect of a Federal Reserve rate hike, gave investors reason to turn more risk-averse.
Speculators slightly reduced the size of their net short position on the pound versus the dollar in the week to Feb. 8, CFTC data showed.
Omicron hit to UK economy less sharp than feared in December
JPYINR
JPYINR trading range for the day is 65.09-66.29.
JPY rose after the Bank of Japan flagged it would buy an unlimited amount of the debt to prevent yields from going higher.
BOJ’s Nakamura reiterated that the BOJ will maintain its ultra-loose monetary policy to support the economic recovery and achieve the 2% inflation target
Producer prices in Japan were up 8.6 percent on year in January, the Bank of Japan said
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