Published on 19/09/2022 10:24:43 AM | Source: Kedia Advisory

EURINR trading range for the day is 79.29-80.19 - Kedia Advisory

Posted in Currency Report| #Currency Tips #Kedia Advisory

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USDINR trading range for the day is 79.67-80.01.

Rupee marked its worst week in five as risk sentiment was hit by the Chinese yuan weakening past 7 per dollar.

India's current account deficit likely jumped to a near-decade high

Fitch cut India's gross domestic product growth forecast for the current fiscal year to 7% from 7.8%


EURINR trading range for the day is 79.29-80.19.

Euro remained under pressure as euro zone inflation hit another record high of 9.1% in August

Euro zone slowdown not enough to control inflation, ECB's de Guindos says

Euro zone banks to repay 6.5 bln of TLTRO funds early


GBPINR trading range for the day is 90.3-92.2.

GBP dropped after weaker-than-expected figures of retail sales added to worries about the health of Britain's economy.

The British pound continued to depreciate to below $1.14, the lowest since 1985 as more data point to a looming recession in the UK

The latest data showed retail sales fell the most this year in August while core inflation rate accelerated to the highest since 1992


JPYINR trading range for the day is 55.62-56.08.

JPY steadied as Finance Minister Shunichi Suzuki said “authorities would take necessary action without ruling out any option” if sharp yen falls persisted.

Bank of Japan conducted a rate check with banks in possible preparation for currency intervention, as authorities ramped up warnings against rapid yen declines

The Reuters Tankan sentiment index for manufacturers in Japan fell to 10 in September 2022 from August's seven-month top of 13


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