IGI Logo

USDINR

USDINR trading range for the day is 82.71-83.11

Rupee weakened slightly on dollar demand from importers, though volumes were thin

Fed raised the target range for the federal funds rate by 75bps to 3.75%-4% and signaled that rates could peak higher

Rupee has behaved in an orderly manner, says RBI Governor

.

EURINR

EURINR trading range for the day is 81.92-82.52.

Euro dropped as Spain manufacturing sector shrinks more than expected

Recent U.S. economic data dampened speculation that the Fed might signal a slower pace of monetary tightening

The harmonized unemployment rate in Germany stood at 3.0 percent in September 2022, unchanged from the prior month.

GBPINR

GBPINR trading range for the day is 95.17-95.75

GBP dropped as investors return their focus to the stagnating economy and the Bank of England.

The BoE is expected to raise borrowing costs by 75 basis points on Thursday, taking the main interest rate to 3%

Bank of England sells 750 mln pounds of gilts at first QE unwind auction

JPYINR

JPYINR trading range for the day is 56.21-56.89

JPY remained supported as BOJ Governor Kuroda hinted at a possible adjustment in the yield curve control policy.

Suzuki added that Japan must stick to fiscal discipline so as to not lose market confidence in the yen currency.

Japan's Suzuki: Gradual yen fall, not just volatile moves, a concern

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