12-07-2022 09:37 AM | Source: Kedia Advisory
EURINR trading range for the day is 85.9-87.28 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 81.64-83.16.

* Rupee saw its worst trading session in more than two months amid chatter of corporate dollar outflows, while premiums plunged further.

* World bank upgrades India's GDP growth forecast to 6.9% for FY23

* Unemployment rate rises to three-month high at 8% in November: CMIE

 

EURINR

* EURINR trading range for the day is 85.9-87.28.

* Euro rose as factory orders in Germany rose more than expected in October

* The ECB remains committed to bring inflation down which currently stays five times above the target

* The latest inflation report for the Eurozone showed that annual inflation slowed to 10% in November

 

GBPINR

* GBPINR trading range for the day is 99.84-101.06.

* GBP remained supported as investors believe the Bank of England might not end up hiking as aggressively as feared.

* UK data showed Britain's services sector shrank slightly for a second month in November

* Money managers are still bearish towards sterling, according to CFTC Report.

 

JPYINR

* JPYINR trading range for the day is 59.81-61.03.

* JPY dropped as dollar index held its recent advance supported by renewed concerns that the Federal Reserve will keep on raising interest rates.

* Japan finmin vows to respond to rapid yen strength if necessary

* Japan household spending rises the least in 5 months

 

 

 

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