IGI Logo

USDINR

USDINR trading range for the day is 76.26-76.98.

USDINR remained in range as the Federal Reserve is widely expected to raise interest rates by 25 basis points to tame soaring inflation.

India's Feb trade deficit widens to $20.88 bln – trade ministry

Annual inflation rate in India accelerated for a 5th straight month to 6.07% in February of 2022, the highest since June of 2021

EURINR

EURINR trading range for the day is 83.8-84.76.

Euro edged higher as talks between Russian and Ukrainian negotiators continued

Euro zone to back broadly neutral, but flexible 2023 fiscal stance amid Ukraine war

Germany wholesale price inflation accelerated further in February on higher raw materials and intermediate product prices

GBPINR

GBPINR trading range for the day is 99.62-100.36.

GBP steadied as strong jobs data supported the prospect of a Bank of England rate hike.

The UK unemployment rate declined to 3.9 percent in the three months to January of 2022, the lowest in two years and below market expectations of 4 percent

UK's Sunak faces multi – billion – pound inflation dilemma in budget

JPYINR

JPYINR trading range for the day is 64.43-65.49.

JPY dropped amid ongoing Russia-Ukraine peace talks and a coronavirus case surge in China

The Bank of Japan’s firm dovish stance contrasted sharply with other major central banks that are preparing to tighten monetary policies.

The Japanese government is considering to lift the Covid-19 quasi-state of emergency for 18 prefectures upon expiration next week amid falling cases.

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