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11-09-2021 09:56 AM | Source: Kedia Advisory
EURINR trading range for the day is 85.66-86.3 - Kedia Advisory
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USDINR

USDINR trading range for the day is 73.89-74.79.

USDINR dropped amid heavy inflows of US dollars into upcoming IPOs of domestic companies and faster growth in manufacturing and services sectors.

Fed announced a reduction in its emergency pandemic support in line with expectations and did not change the outlook for an interest rate hike.

India's Oct services growth strongest in over a decade, input costs surge

 

EURINR

EURINR trading range for the day is 85.66-86.3.

Euro remained under pressure due to firmness in rupee and as investors rushed for the dollar following a better-than-expected US jobs report

High euro zone inflation temporary, ECB's Lane says

ECB "very unlikely" to raise rates in 2022, Lagarde says

 

GBPINR

GBPINR trading range for the day is 99.41-101.49.

GBP remained under pressure after BOE surprised the market by leaving policy unchanged and a stronger-than-expected US jobs report.

Bank of England defies markets, keeps rates on hold

The Bank of England said it would introduce new rules for its 20 billion-pound ($26.9 billion) corporate bond-buying scheme this month

 

JPYINR

JPYINR trading range for the day is 65.29-65.77.

JPY remained under pressure amid a quick unwinding of tightening bets as central banks snipped market expectations of earlier rate hikes

BOJ policymakers stress need to keep easy policy on weak inflation

Japan is considering a 35 trillion yen economic stimulus package – Sankei

 

 

 

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