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Published on 29/09/2022 11:26:34 AM | Source: Kedia Advisory

EURINR trading range for the day is 78.41-79.39 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR

USDINR trading range for the day is 81.93-82.43.

Rupee hit an all-time low as the dollar index rose to a 20-year high, after reports that there was no possibility of a global deal to adjust currency values

The yield on the US 10-year Treasury approached 4% for the first time since 2008.

The delay in India's bond inclusion into the JP Morgan emerging market index also likely weighed on the local unit.

EURINR

EURINR trading range for the day is 78.41-79.39.

Euro continued to fall pressured by a stronger dollar and as recession prospects in Europe are increasing due to energy crisis.

German consumer morale hits fresh low

Euro zone companies' borrowing binge accelerated in Aug – ECB

GBPINR

GBPINR trading range for the day is 85.27-90.15.

GBP slipped as investors worried about the repercussions of British finance minister Kwasi Kwarteng's economic proposals.Kwarteng said he was focused on growth, not market moves, and that his £45 billion of tax cuts would support the economy.

Kwarteng said he was focused on growth, not market moves, and that his £45 billion of tax cuts would support the economy.

UK shop price inflation speeds up again to new high

JPYINR

JPYINR trading range for the day is 56.82-57.22.

JPY remained supported as BOJ board agreed must be vigilant to sharp yen moves

Japanese Finance Minister Shunichi Suzuki issued a fresh warning about the weakening yen, saying that authorities stood ready to respond

Japan coincident index revised lower and leading index lowest in 1-1/2 years

 

 

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