IGI Logo

USDINR

USDINR trading range for the day is 79.16-80.26.

Rupee declined due to strong demand for the U.S. dollar from oil companies

While markets braced for a big rate hike from the U.S. Federal Reserve next week.

Fitch lowers India's FY23 GDP growth forecast to 7% from 7.8%

EURINR

EURINR trading range for the day is 79.25-80.09.

Euro remained supported as hourly labor costs in the euro area increased by 4.2 percent year-on-year in the second quarter of 2022

Wholesale prices in Germany rose by 18.9% year-on-year in August of 2022, after a 19.5% gain in the prior month.

Wages and salaries in the euro zone rose at the second highest recorded rate in the April-June period

GBPINR

GBPINR trading range for the day is 91.6-92.26.

GBP remained under pressure as concerns over the economic outlook for the UK and political uncertainty weighed.

The inflation rate unexpectedly slowed due to lower fuel cost, but the core rate increased to a fresh record.

British consumer price inflation fell for the first time in almost a year in August

JPYINR

JPYINR trading range for the day is 55.41-56.05.

JPY dropped as Bank of Japan conducted a rate check in apparent preparation for currency intervention.

Japan’s trade balance posted a larger-than-expected deficit in August

Japan's trade deficit surged to JPY 2,817.3 billion in August 2022 from a JPY of 653.4 billion in the same month a year earlier

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