IGI Logo

USDINR

USDINR trading range for the day is 75.65-76.41

USDINR gained tracking an uptick in global crude oil prices, while expectations of a March rate increase by Fed were reaffirmed.

India's factory growth accelerated in Feb, inflation remains a concern

Moody's raises India's growth forecast to 9.5% for 2022

EURINR

EURINR trading range for the day is 84.12-84.74.

Euro steadied with investors weighing risk-aversion triggered by the war in Ukraine against potential monetary policy tightening due to inflation pressure

German inflation is likely to be higher this year than a recently raised forecast, and ECB should keep its focus on normalising monetary policy.

The IHS Markit Germany Composite PMI was revised lower to 55.6 in February of 2022 from a preliminary of 56.2

GBPINR

GBPINR trading range for the day is 101.12-102.24

GBP remained supported as britain's services sector expanded at its fastest pace since June

BoE's Cunliffe says Russia crisis will add to risks from rates shift

BoE's Mann says inflation expectations drove vote for 50 bp hike

JPYINR

JPYINR trading range for the day is 65.25-66.09.

JPY dropped as investors rushed for the dollar’s safety on fears that the conflict between Russia and Ukraine could escalate further

BoJ Nakagawa sees 2% inflation but policy to remain easy

Fuel spike may push Japan's inflation near BOJ's 2% goal, says policymaker

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