01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 73.6-73.92 - Kedia Advisory
News By Tags | #2767 #5839

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USDINR

USDINR trading range for the day is 73.6-73.92.

USDINR traded in range as investors braced for inflation data that might offer clues on the timing of policy tightening by Fed at a meeting next week.

India's August retail inflation eases to 5.30% y/y

Annual wholesale price inflation rate in India edged up to 11.39 percent in August of 2021

EURINR

EURINR trading range for the day is 86.97-87.35.

Euro remained supported as ECB aimed to cut bonds purchases by the last quarter of this year, while increasing growth and inflation forecasts.

ECB maintained interest rates unchanged while carrying on its bonds purchases program valued at 1.85 trillion euros a month.

ECB's Schnabel says inflation will ease but lists risks

 

GBPINR

GBPINR trading range for the day is 101.81-102.61.

GBP remained supported as investors waited for more data to assess the pace of the post-lockdown economic recovery and how soon interest rates could he hiked.

UK payrolled employment rises by record 241,000 in August

The Bank of England expects inflation to rise sharply this year and hit a peak of 4%.

 

JPYINR

JPYINR trading range for the day is 66.92-67.14.

JPY remained in range amid a general dollar strength and uncertainty over Fed's tapering timeline.

Japan's Q3 growth forecast more than halved on COVID-19 impact

The Bank of Japan is expected to offer a slightly bleaker view on exports and output this month

 

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