IGI Logo

USDINR

USDINR trading range for the day is 80.6-81.54.

USDINR rose to all time high after the US Federal Reserve raised key interest rates by another three-quarter of a percentage point

The federal funds rate is now at its highest since early 2008, and new projections show it reaching 4.4% by the end of 2022 before topping out at 4.6% in 2023

Risks of military escalation emerged after the Kremlin announced partial military mobilization as Russia readies plans to annex eastern territories of Ukraine

EURINR

EURINR trading range for the day is 78.42-80.3.

Euro sell-off continues on concerns about deep, prolonged recession

The S&P Global Eurozone Manufacturing PMI fell to 48.5 in September of 2022 from 49.6 in AugustGerman private sector shrinks the most in over 2 years

GBPINR

GBPINR trading range for the day is 88.25-92.05.

GBP dropped after the government announced several tax cuts, in an attempt to boost economic growth.

Pressure also after surveys showed Britain deepened this month and the economies were likely entering a recession.

UK services sector contracts for 1st time since February 2021

JPYINR

JPYINR trading range for the day is 56.2-57.6.

JPY gains as authorities intervened in the currency markets for the first time since 1998.

The BOJ has maintained ultra-easy policies to support a fragile economic recovery

The core consumer price index in Japan, jumped 2.8% in August 2022 from a year

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer