01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 73.37-74.11 - Kedia Advisory
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USDINR

USDINR trading range for the day is 73.37-74.11.

USDINR settled flat as sentiment turning cautious on slowing economic growth and potential stimulus tapering by central banks.

Two Federal Reserve officials said they would sell their individual stock holdings by the end of the month to address the appearance of conflicts of interest

India's economic growth will remain strong in coming quarters: S&P

 

EURINR

EURINR trading range for the day is 86.94-87.52.

Euro steadied as the European Central Bank said it would moderately slow its pandemic emergency bond buying during the fourth quarter.

With the decision largely in line with market expectations for a slight slowdown to 70 billion euros a month from the current 80 billion euros.

Euro zone retail sales, a proxy for consumer demand, were much weaker than expected in July, pulled down mainly by a sharp fall in the number of goods bought online.

 

GBPINR

GBPINR trading range for the day is 101.46-102.

GBP remained supported after British lawmakers backed Prime Minister Boris Johnson's tax hikes.

BoE policymakers split 4 – 4 on whether rate hike conditions were met – Bailey

BoE's Saunders says more QE could dislodge price expectations

 

JPYINR

JPYINR trading range for the day is 66.84-67.26.

JPY remained supported bolstered by safe-haven demand on renewed skepticism about a strong economic rebound from the pandemic amid new outbreaks.

Prime Minister Suga said he will not be running in the upcoming leadership election, raising the odds that the ruling coalition could win an upcoming election and avoid political turmoil.

A measure of the public assessment of the Japanese economy decreased in August, survey data from the Cabinet Office showed.

 

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