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01-01-1970 12:00 AM | Source: Kedia Advisory
EURINR trading range for the day is 87.62-88.28 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 82.33-83.07.

* Rupee declined after the U.S. Federal Reserve forecasts indicated no rate cuts next year.

* The annual wholesale price inflation rate in India declined to 5.85 percent in November 2022

* The Indian economy is set to grow at 7 per cent, said the Asian Development Bank.

 

EURINR

* EURINR trading range for the day is 87.62-88.28.

* Euro steadied after the ECB raised rates by 50 bps as expected and said rates would need to continue to rise significantly at a steady pace to tackle inflation.

* ECB raised interest rates by 50 bps, a fourth consecutive rate increase that pushed borrowing costs to the highest level in 14 years.

* German wholesale price inflation at 14-month low

 

GBPINR

* GBPINR trading range for the day is 101.44-102.76.

* GBP depreciated after the Bank of England tempered the pace of its rate aggression

* The Bank of England raised its key interest rate to 3.5% from 3%, its ninth rate rise in a row

* UK inflation falls from 41-year high in run-up to BoE rate decision

 

JPYINR

* JPYINR trading range for the day is 60.19-61.29.

* JPY dropped after the US Federal Reserve offered a more hawkish outlook on its policy than markets anticipated

* BOJ to keep ultra-low rates, hold fire until global outlook clearer

* Japan posts larger than expected trade gap

 

 

 

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