EURINR trading range for the day is 79-79.76. - Kedia Advisory
USDINR
USDINR trading range for the day is 79.92-80.18.
USDINR gains as the strong US data reinforced expectations that the Federal Reserve will continue to aggressively raise interest rates.
Research house Nomura expects India's current account deficit (CAD) as a share of the gross domestic product to triple this fiscal year
India’s GDP expanded by 13.5% year-on-year in Q2, the most in a year
EURINR
EURINR trading range for the day is 79-79.76.
Euro recovered most of its losses as Euro zone economic growth was stronger than previously estimated in the second quarter
Industrial production in Germany fell 0.3% month-over-month in July of 2022
France's dominant services sector lost more steam in August, and the outlook among purchasing managers appears bleak
GBPINR
GBPINR trading range for the day is 90.91-92.99.
GBP dropped as dollar continued its rally after U.S. economic data reinforced the view that the Federal Reserve will continue to tighten aggressively.
However, downside seen limited how incoming Prime Minister Liz Truss is planning to tackle Britain's growing energy crisis
The Halifax house price index in the United Kingdom rose 11.5% year-on-year in August of 2022
JPYINR
JPYINR trading range for the day is 55.1-56.18.
JPY dropped as Japan leading index falls to 17-Low
Japan coincident index rises to near 3-year high
Japanese Finance Minister Suzuki said sharp yen moves were "undesirable" and he was watching rising volatility in the currency market with a "great sense of urgency".
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory