01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 75.04-75.64 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 75.04-75.64.

* USDINR remained supported as rising inflation expectations and higher bond yields boosted its appeal.

* U.S. Treasury yields firmed, as investors ramped up bets that the U.S. Federal Reserve was preparing to raise interest rates as early as next year.

* India's annual wholesale price-based inflation in September eased to 10.66% from the previous month's 11.39%

 

EURINR

* EURINR trading range for the day is 86.9-87.72.

* Euro dropped as dollar seen supported after treasury yields rose sharply after an unexpected rise in September’s U.S. retail sales

* Germany's top economic institutes upgraded economic growth projection for 2022 but lowered its projection for the current year

* Investors also took stock of data showing China’s economy grew slower than expected in the third quarter with power outages and supply bottlenecks

 

GBPINR

* GBPINR trading range for the day is 102.99-103.8.

* GBP rose boosted by rising expectations that the Bank of England will raise rates this year.

* Bank of England will have to act to contain inflation - Bailey

* BoE's Mann says she can wait before raising rates

 

JPYINR

* JPYINR trading range for the day is 65.49-66.33.

* JPY remained under pressure as the Bank of Japan remained firm on not pulling stimulus out of the market.

* A BOJ board member said that despite a positive outlook on Japan’s economy, the central bank will not reduce monetary easing for the time being

* Japan to urge oil producers to increase output, says PM Kishida

 


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