Investing.com - Financial Markets Worldwide

USDINR Dropped as the World is Emerging From Shadow of Coronavirus

ByKedia Advisory
Published 24-09-2021, 09:24 am
USD/INR
-0.06%
EUR/INR
0.02%
GBP/INR
0.06%
JPY/INR
-0.19%
SPGI
-0.88%

# USDINR trading range for the day is 73.46-74.08.
# USDINR dropped as there are signs that the world is emerging from the shadow of coronavirus after RBI Governor says
# RBI Governor says the time is right to plan for an economy that is stronger, more inclusive, and sustainable
# India may seek a rating upgrade from Moody’s amid recovery hopes

# EURINR trading range for the day is 85.98-87.22.
# Euro dropped as the IHS Markit Germany Manufacturing PMI fell to 58.5 in September of 2021 from 62.6 in August
# French Manufacturing PMI dropped to 55.2 in September of 2021, an 8-month low
# S&P Global (NYSE:SPGI) lifts eurozone growth, inflation forecasts

# GBPINR trading range for the day is 100.41-101.39.
# GBP recovered after Bank of England keeps interest rate unchanged at 0.1%
# BoE raised its target for government bond purchases by 150 billion pounds in November 2020
# The UK private sector grew at the slowest pace in seven months in September

# JPYINR trading range for the day is 66.77-67.51.
# JPY dropped after the Federal Reserve said it would reduce its monthly bond purchases "soon"
# BOJ held its key short-term interest rate at -0.1% while maintaining the target for the 10-year Japanese government bond yield at around 0%.
# BoJ reiterated it will not hesitate to take more easing measures if necessary while expecting short-and-long-term policy rates to remain at their present or lower levels.

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