Published on 11/01/2018 8:58:16 AM | Source: Kedia Commodity Ltd

USDINR trading range for the day is 63.52-64.09 - Kedia Commodity

Posted in Currency Report| #Kedia Commodity Ltd #Currency Tips


*  USDINR trading range for the day is 63.52-64.09.

*  Rupee gained ad dollar dropped from highs as excitement over upcoming U.S. rare hikes faded and as investors turned their attention to Friday's U.S. inflation data.

*  India's government forecast slower growth for the financial year ending March 31.

*  Activity in India’s services industry bounced back to modest growth in December after contracting in the previous month, a private survey showed.


 *  EURINR trading range for the day is 76.05-76.83.

*  Euro traded in range amid concerns that the ECB may attempt to talk down the strengthening currency ahead of its monetary policy meeting later this month.

*  Germany's industrial production and exports recovered at a faster-than-expected pace in November, suggesting robust economic activity towards the end of 2017.

*  Eurozone unemployment rate declined to the lowest since 2009 as robust activity created more jobs in the 19-nation currency bloc.


*  GBPINR trading range for the day is 85.96-86.73.

*  GBP remained in range on expectations that Brexit talks will have a positive outcome continued to underpin the British currency.

*  External factors have also proved supportive for the pound, recently with the U.S. dollar struggling to gain much traction against its rivals in the opening days of the year.

*  EU's Barnier says integrity of single market crucial in Brexit


*  JPYINR trading range for the day is 56.65-57.58.

*  JPY gained after the BOJ’s move to trim JGB purchases in the previous session triggered speculation that it could begin tapering its massive, ultra-easy monetary stimulus.

*  Japan's consumer confidence dropped unexpectedly in December, though slightly, survey data from the Cabinet Office showed.

*  BOJ Governor Haruhiko Kuroda has repeatedly dismissed the chance of withdrawing stimulus any time soon.

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