EURINR trading range for the day is 83.84-84.67 - Kedia Advisory
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USDINR
USDINR trading range for the day is 73.95-74.57.
USDINR settled flat as traders bet on tighter U.S. monetary policy.
UBS revises India's GDP forecast to 9.5% from 8.9% for FY22
Wholesale inflation climbed to a five-month high of 12.54% in October on the back of a rise in prices of fuel and power
EURINR
EURINR trading range for the day is 83.84-84.67.
Euro remained supported as dollar slipped back as traders assessed whether the U.S. currency's recent surge was starting to stall.
Euro zone Oct inflation confirmed at 4.1% y/y on energy spike
Euro zone's trade surplus dropped sharply year-on-year in September as costs of importing energy soared
GBPINR
GBPINR trading range for the day is 99.95-100.61.
GBP remained supported as expectations mount that Britain's central bank will act sooner rather than later to hike policy rates in order to combat inflation.
British inflation hits 10 – year high, bolstering rate hike bets
BoE Governor Andrew Bailey said he was "very uneasy" about the inflation outlook.
JPYINR
JPYINR trading range for the day is 64.88-65.34.
JPY remained supported benefited from a shift towards safe-haven assets amid global growth and policy uncertainties.
Japan's stimulus package spending likely around $488 bln -Nikkei
BOJ's Kuroda projects inflation approaching 1% mid-next year
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
