EURINR trading range for the day is 86.83-87.65 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 73.03-73.85.
* USDINR remained supported as firming U.S. Treasury yields prompted investors to cut short dollar positions.
* Investors now expect the start of policy normalization could be around the December policy after risks of further Covid wave fade.
* The Reserve Bank of India held interest rates at record-low levels in August, but raised its inflation forecasts for FY22
EURINR
EURINR trading range for the day is 86.83-87.65.
Euro remained supported ahead of ECB’s policy meeting on Thursday at which policymakers will be debating the PEPP asset purchase program.
German factory output rebound suggests bottlenecks easing
Germany's construction activity contracted further in August, at the sharpest rate in three months
GBPINR
GBP gained amid weakness in Rupee and the Bank of England expects inflation to rise sharply this year and hit a peak of 4%
UK house prices jump by 0.7% in August – Halifax
The UK construction sector growth slowed in August as restricted supply of materials and transport began to weigh on overall activity
JPYINR
JPYINR trading range for the day is 66.6-67.1.
JPY gained on economic recovery hopes.
Japan's July household spending rises less than expected
Japan PM candidate Kishida calls for $270 bln-plus stimulus package
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