01-01-1970 12:00 AM | Source: Kedia Advisory
EURINR trading range for the day is 84.47-86.33 - Kedia Advisory
News By Tags | #2767 #5839

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USDINR

* USDINR trading range for the day is 81.49-82.07.

* Rupee recovered as investors reassessed the outlook for monetary policy and growth while forward premiums declined more to slip below a key level.

* India's economy likely slowed to annual 6.2% in July-Sept

* S&P cuts India's FY23 GDP growth forecast by 30 bps to 7%

 

EURINR

* EURINR trading range for the day is 84.47-86.33.

* Euro remained supported as Euro zone credit growth remains brisk despite gloomy outlook

* Wages could keep pressure on euro zone inflation for years, ECB's Lane says

* Euro zone downturn eased in Nov but demand still falling – PMI

 

GBPINR

* GBPINR trading range for the day is 98.34-99.2.

* GBP remained under pressure as fresh PMI data pointed to a continuing downturn in business activity

* BoE's Ramsden favours more rate hikes, but sees potential for cuts

* The Bank of England is seen raising interest rates by 50bps next month, below 75bps in November.

 

JPYINR

* JPYINR trading range for the day is 58.88-59.74.

*JPY gained as a growing unrest in China over its strict Covid restrictions dented risk sentiment and spurred haven demand for the currency.

* Japan's Kishida rules out changing policy agreement with BOJ

* Investors also continued to assess the outlook for growth and monetary policy

 

 

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