EURINR trading range for the day is 85.9-87.28 - Kedia Advisory
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
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
More News
The EUR/INR futures pair has support at 88.00 levels - Monarch Networth Capital