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12-01-2022 10:59 AM | Source: Kedia Advisory
EURINR trading range for the day is 84.29-84.91 - Kedia Advisory
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USDINR

USDINR trading range for the day is 81.22-81.96

Rupee rose marking its first monthly gain this year and ending its longest losing streak in nearly four decades.

The Indian economy expanded 6.3% year-on-year in the third quarter of 2022, slightly higher than market forecasts of 6.2%

RBI could slow its pace of rate hikes at its December policy meet against the backdrop of moderating inflation

 

EURINR

EURINR trading range for the day is 84.29-84.91

Euro dropped as the industry confidence indicator in the Euro Area declined for a ninth consecutive month to -2.0 in November 2022

Annual inflation rate in the Euro Area eased to 10% in November of 2022 from a record high of 10.6% in October

Euro zone economic sentiment rebounds in Nov more than expected

GBPINR

GBPINR trading range for the day is 97.36-98.22

GBP dropped on profit booking amid Britain's persistently gloomy economic outloo

The Bank of England will start selling bonds bought during the turmoil period of Liz Truss government from November 29th

Bank of England gets solid demand at 750 mln pound bond sale

 

JPYINR

JPYINR trading range for the day is 58.47-59.35

JPY dropped on profit booking as investors awaited more clues on the likely direction of US monetary policy

Bank of Japan business survey report which flagged broadening inflationary pressures across different industries in Japan

Japan's housing starts declined by 1.8 percent year-on-year in October 2022

 

 

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