USDINR trading range for the day is 79.36-79.82 - Kedia Advisory
USDINR
* USDINR trading range for the day is 79.36-79.82.
* USDINR rose after an unexpected increase in U.S. inflation spurred bets of super-sized rate hikes in coming months.
* India wholesale inflation eases to 10-month low
* Surge in services demand helps steady India’s economy in august
EURINR
* EURINR trading range for the day is 79.29-80.07.
* Euro fell back below dollar parity, after hotter than expected inflation in the US
* Euro area industrial output falls more than expected
* Germany current account surplus narrows in July
GBPINR
* GBPINR trading range for the day is 91.36-92.46.
* GBP dropped as there are more signs that the British economy is heading toward a recession expected to last by at least 5 quarters.
* Annual inflation rate in the UK unexpectedly edged lower to 9.9% in August of 2022 from 10.1% in July
* Factory gate prices of goods produced by the UK manufacturers increased 16.1% yoy in August of 2022, easing from a 17.1% in July
JPYINR
* JPYINR trading range for the day is 54.96-56.18.
* JPY approaches 145 weighed down by a strong US CPI report that raised bets of continued aggressive tightening by the Federal Reserve.
* Japan Sept factory mood tanks on cost pressure
* Japan machinery orders unexpectedly rebound
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory