Investing.com - Financial Markets Worldwide

USDINR Steadied as FM Sitharaman Said Economy is on a Sustained Path of Revival

ByKedia Advisory
Published 27-09-2021, 09:27 am
USD/INR
0.18%
EUR/INR
0.08%
GBP/INR
0.19%
JPY/INR
0.25%
SPGI
1.22%

Currency Update as on Monday, September 27, 2021

# USDINR trading range for the day is 73.71-74.23.
# USDINR settled flat as Finance Minister Nirmala Sitharaman said the Indian economy is on a sustained path of revival
# 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

# EURINR trading range for the day is 86.62-87.08.
# Euro remained supported after S&P Global (NYSE:SPGI) said it has lifted both its euro area economic growth and inflation forecasts for this year
# ECB's Lagarde says many causes of inflation spike are temporary
# Euro zone business activity grew at its weakest pace in five months in September

# GBPINR trading range for the day is 101.04-101.78.
# GBP remained supported after the BoE left interest rates and asset purchases steady as expected, but noted that the case for modest tightening strengthened
# The British economy expanded a meagre 0.1% in July, inflation continues to rise
# Britain’s economy lost more momentum this month as businesses grappled again with rising costs, a survey showed

# JPYINR trading range for the day is 66.66-67.48.
# JPY dropped as Japan's consumer prices fell for the 11th straight month in August
# Japan factory output seen down again in August on supply chain disruption
# Bank of Japan 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%.

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