IGI Logo

USDINR

USDINR trading range for the day is 75.43-75.81.

USDINR traded in range as investors remained cautious amid surging cases of the Omicron variant

There were 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

EURINR

EURINR trading range for the day is 84.94-85.84.

Euro remained in range amid concerns over Europe's slowing economic growth as the region struggles with 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 99.9-101.06.

GBP rose after data showed the UK economy recovered from the pandemic faster than previously thought

The UK economy is now only 1.5% below its pre-pandemic level in the last quarter of 2019

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 65.96-66.5.

JPY dropped as Bank of Japan governor Haruhiko Kuroda recently commented that it was too early to consider normalizing monetary policy

The BOJ's assets have grown the equivalent of 135% of GDP, far exceeding 36% for the Fed and 66% for ECB, as of September 2021

Japan govt intends to raise FY22 real GDP growth forecast to +3.2%

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