10-04-2021 11:35 AM | Source: Kedia Advisory
EURINR trading range for the day is 85.87-86.51 - Kedia Advisory
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USDINR

USDINR trading range for the day is 74.06-74.66

USDINR dropped as India’s economy showed signs it’s ready to accelerate, thanks to its services sector resuming expansion and manufacturing activity retaining growth momentum

India manufacturing PMI expands at a faster pace in September

Citi predicts India’s central bank will raise its reverse repo rather than the December increase expected earlier

EURINR

EURINR trading range for the day is 85.87-86.51

Euro remained under pressure as supply bottlenecks dampened German manufacturing activity in September

IHS Markit's Germany's Final PMI for manufacturing, stood at 58.4, down from 62.6 in August.

Euro zone manufacturing growth remained strong in September but activity took a big hit from supply chain bottlenecks

GBPINR

GBPINR trading range for the day is 99.81-100.95.

GBP gained as support seen after Britain’s economy grew by more than previously thought in the April-June

Gross domestic product increased by 5.5% in the second quarter, the Office for National Statistics said

Governor Andrew Bailey said interest rates could rise as early as this year

JPYINR

JPYINR trading range for the day is 66.68-67.18

JPY remained supported as safe heaven amid escalating worries that supply disruptions worldwide could keep inflation elevated for a much longer period.

Japan's business mood improves on solid demand, hopes of post-COVID recovery

Japan Q3 business mood improves - BOJ tankan

 


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