01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 79.36-79.82 - Kedia Advisory
News By Tags | #2767 #5839

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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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