JPYINR - Ways2Capital

JPYINR trading range for the day is 63.76-64.47.

JPY dropped as The dollar held near highs supported by sustained strength in core U.S. inflation.

Japanese Chief Cabinet Secretary Suga: Want to make economy's virtuous cycle more certain

Japanese Chief Cabinet Secretary Suga: We recognize Japan's economy is gradually recovering.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

GBPINR - Ways2Capital

GBPINR trading range for the day is 91.13-91.73.

GBP traded in range recovering from lows propelled by large purchase orders executed in a thin market

Renewed suggestions of a delay to Britain’s exit from the European Union also buoyed sentiment on the currency.

January's UK RICS House Price Balance in at -22%, down from forecast of -20% and prior -19%.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

EURINR - Ways2Capital

EURINR trading range for the day is 79.87-80.73.

Euro dropped as the U.S. dollar rose after a measure of inflation excluding energy prices rose, prompting the greenback to reverse the prior day’s pullback.

Eurozone industrial production decreased for a second straight month and at a faster-than-expected pace in December.

ECB would welcome a common budget for 19 countries sharing the euro, especially if it provided macroeconomic stabilization functions, ECB President Draghi said.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

USDINR - Ways2Capital

USDINR trading range for the day is 70.65-71.55.

Rupee dropped on buying by foreign banks on behalf of overseas fund outflows from the local stocks amid higher Brent prices.India’s annual wholesale price inflation eased to a 10-month low of 2.76 percent in January.

Wholesale food prices in January rose 1.84 percent year-on-year, compared with a 0.07 percent rise a month earlier, data showed.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

Rupee Opens Lower At 71.29 Per Dollar

                             
The Indian rupee is trading lower at 71.29 per dollar versus Thursday's close 71.16.

Rupee came under pressure in yesterday’s session and is expected to trade around 71.30 in the wake of Brent crude’s climb to near USD 65 a barrel, and losses in Asian currencies and equities.

Earlier today, China reported a 1.7% on-year increase in consumer prices in January and a 0.1% rise in producer prices, both below expectations of economists polled by Reuters. Capital Economics said that falling factory prices are consistent with evidence of cooling domestic demand in China. Meanwhile, the US reported a 1.2% month-on-month decline in January retail sales, which is the biggest drop in more than nine years. 

Excluding automobiles, gasoline, building materials, and food services, retail sales dropped 1.7% last month, the biggest fall since September 2001.

High-level talks between US and Chinese officials are currently ongoing in Beijing to work out a trade deal before the March 1 deadline, it added.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

JPYINR - Ways2Capital

                       
JPYINR trading range for the day is 63.64-64.5.

JPY traded in range as dollar steadied amid positive news on the trade front coming out from the U.S. side improved risk sentiment and reduced demand.

Producer prices in Japan were down 0.6 percent on month in January, the Bank of Japan said - unchanged from the December.

The M2 money stock in Japan was up 2.4 percent on year in January, the Bank of Japan said - coming in at 1,015.1 trillion yen.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

GBPINR - Ways2Capital

GBPINR trading range for the day is 90.88-91.88.

GBP gained as PM May said the government would seek to speed up ratification of its Brexit withdrawal deal with the European Union if time gets too tight.

PM May told lawmakers to hold their nerve over Brexit and give her more time to negotiate a deal acceptable to both the EU and the British parliament.

Britain’s economy is also suffering from Brexit-related uncertainty - it grew last year grew at its slowest rate since 2012.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-2428906 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717