EURINR trading range for the day is 79.67-80.21 - Kedia Advisory
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USDINR
USDINR trading range for the day is 79.51-80.03.
USDINR remained in range as investors braced for a likely jumbo-sized rate hike by the U.S. Federal Reserve and its impact on dollar inflows.
India August trade gap revised slightly lower
India spending forex reserves at quicker pace than during taper tantrum
EURINR
EURINR trading range for the day is 79.67-80.21.
Euro gained recovering from a sharp sell-off triggered by fears of more interest rate hikes this week and potential economic downturn.
Germany's producer price inflation hit a fresh record high in August
ECB’s De Cos backs more gradual hikes to safeguard economy
GBPINR
GBPINR trading range for the day is 90.89-91.67.
GBP regains as markets found some footing ahead of expected interest rate hikes by a raft of central banks this week.
UK 10Y bond yield at over decade high
The Bank of England is expected to deliver a rate increase on Thursday as it combats surging inflation while aiming for a soft landing
JPYINR
JPYINR trading range for the day is 55.44-56.
JPY remained in range as the annual inflation rate in Japan rose to 3.0% in August 2022
Japan food prices rise the most in near 8 years
Japan core inflation tops expectations, BoJ target
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
