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01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 78.11-78.51 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 78.11-78.51.

* USDINR ended down tracking easing crude oil prices and likely inflows into local stocks.

* Govt aims to keep FY2023 fiscal deficit at last year's level

* The U.S. dollar remained under pressure hurt by Treasury yields wallowing near two-week lows amid rising concerns of a recession.


EURINR 

* EURINR trading range for the day is 81.81-83.11.

* Euro dropped after weak German and French PMI data confirmed the eurozone economy was struggling to gain traction

* The S&P Global Eurozone Services PMI dropped to 52.8 in June 2022 from 56.1 in the previous month

* The S&P Global Germany Services PMI fell to 52.4 in June of 2022 from 55 in May


GBPINR

* GBPINR trading range for the day is 95.04-96.32.

* GBP dropped remained vulnerable to political risks and recession fears.

* The PMI's preliminary composite index held at 53.1 in June, above the forecast of 52.6, and unchanged from May.

* Public sector net borrowing excluding public sector banks in the UK was £14.0 billion in May 2022


JPYINR

* JPYINR trading range for the day is 57.53-58.17.

* JPY gained as the Bank of Japan adhered to its low-yield, stimulative policy

* The au Jibun Bank Japan Services PMI climbed to 54.2 in June of 2022 from a final 52.6 in May

* The au Jibun Bank Japan Manufacturing PMI declined to 52.7 in May 2022 from a final 53.3 a month earlier

 

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