EURINR trading range for the day is 84.52-85.32 - Kedia Advisory
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/1ea581a112591abb80a98bc6bc6f6336.jpg)
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USDINR
* USDINR trading range for the day is 80.96-81.64.
* Rupee was higher as global markets were buoyed by Fed Chair Powell's comments that were less hawkish than expected.
* India Manufacturing PMI increased to a three-month high of 55.7 in November 2022 from 55.3 in the prior month
* India's fiscal deficit widened to INR 7.58 trillion in April-October 2022-23 from INR 5.47 trillion in the comparable year-earlier period
EURINR
* EURINR trading range for the day is 84.52-85.32.
* Euro remained supported as eurozone inflation fell more than expected in November
* Federal Reserve Chair Jerome Powell indicated that smaller rate increases could begin in December
* Retail sales in Germany sank 2.8% month-over-month in October of 2022
GBPINR
* GBPINR trading range for the day is 97.77-99.41.
* GBP rose as dollar index held below 106 after Federal Reserve Chair Jerome Powell signaled a slower pace of tightening ahead.
* Bank of England survey shows slowdown and easing price pressures
* UK Manufacturing PMI was revised slightly higher to 46.5 in November of 2022 from a preliminary of 46.2
JPYINR
* JPYINR trading range for the day is 59.11-60.31.
* JPY appreciated as Federal Reserve Chair Jerome Powell hinted at a slower pace of US rate increases as soon as December.
* Japan must keep ultra low rates until wages perk up: BoJ Noguchi
* Japan consumer morale weakest in near 2-1/2 years
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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