EURINR trading range for the day is 83.7-85.52 - Kedia Advisory
USDINR
USDINR trading range for the day is 74.64-75.46.
USDINR rallied as concerns over a new COVID variant spooked markets across the globe.
India’s economic recovery likely strengthened in the previous quarter, boosted by services activity that recovered
Investors fled riskier assets after the detection of the significant new mutation, which in-turn strengthened safe-haven assets like the dollar.
EURINR
EURINR trading range for the day is 83.7-85.52.
Euro rose helped by a weaker US dollar and falling bond yields
ECB policymakers must keep sufficient options for future beyond December: Minutes
Euro zone lending to companies accelerated in October
GBPINR
GBPINR trading range for the day is 99.23-100.79.
GBP gained amid fall in Rupee as possibly vaccine-resistant COVID variants in South Africa forcing renewed lockdowns.
BoE's Bailey says guidance is hazardous for central banks
U.K. interest rates would have to be raised if the labor market stays tight, Bank of England Policymaker Jonathan Haskel said.
JPYINR
JPYINR trading range for the day is 64.48-66.92.
JPY rallied as investors turned cautious after Britain raised the alarm over a newly identified coronavirus variant spreading in the African nation.
Support also seen as a new virus variant added to swirling concerns about future growth and higher U.S. interest rates.
Japan's leading index decreased less than estimated in September, final data from the Cabinet Office showed.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory