01-11-2023 11:13 AM | Source: Kedia Advisory
EURINR trading range for the day is 87.52 - 88.7 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 81.4-82.62.

* Rupee notched its biggest single-day gain in two months as India's retail inflation to held steady in December 

* Fed's Powell: Fed needs independence to fight inflation, should avoid climate policy

* Fall in India nominal GDP growth in FY24 to challenge fiscal math

 

EURINR

* EURINR trading range for the day is 87.52-88.7.

* Euro dropped amid firmness in Rupee and investors reckoned the economic outlook did not support a potential slowdown in the ECB monetary tightening.

* EU's Gentiloni sees euro zone GDP fall at start of 2023 less deep than feared

* ECB sees 'very strong' wage growth ahead in next few quarters

 

GBPINR

* GBPINR trading range for the day is 99.03-100.57.

* GBP remained under pressure as Britain's darkening economic outlook remained at the forefront of traders' minds.

* BoE's Pill sees risk of persistent inflation, even if gas prices fall

* Retail sales in the United Kingdom increased 6.5% on a like-for-like basis in December 2022 from a year ago

 

JPYINR

* JPYINR trading range for the day is 61.77-62.89.

* JPY dropped as remarks from Fed officials countered hopes that the central bank might dial back its aggressive monetary tightening.

* Consumer inflation in Japan's capital exceeds BOJ target for 7th month

* Consumer inflation in Japan's capital exceeds BOJ target for 7th month

 

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