EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
USDINR trading range for the day is 83.09-83.37.
Rupee ended at lower as elevated U.S. treasury yields and weakness in other Asian currencies weighed
The Reserve Bank of India is likely paying in rupee forwards across various deliveries via public sector banks.
India’s external debt declined to 18.9 percent of GDP at the end of March 2023 from 20 per cent last year
SELL USDINR SEP @ 83.35 SL 83.5 TGT 83.18-83.02
EURINR trading range for the day is 89.13-89.49.
Euro dropped weighed down by weak global sentiment
ECB officials recently warned that further rate increases are still on the table as inflationary pressures persist
Industrial production in Germany shrank by 0.8% month-over-month in July 2023
SELL EURINR SEP @ 89.4 SL 89.6 TGT 89.15-89
GBPINR trading range for the day is 103.49-104.25.
GBP slipped instigated by remarks from Bank of England Governor Andrew Bailey during his appearance before UK Parliament.
Bailey stated that the central bank was approaching the conclusion of its string of interest rate hikes
UK businesses report lower inflation expectations: BoE
BUY GBPINR SEP @ 103.7 SL 103.4 TGT 104.05-104.25
JPYINR trading range for the day is 56.52-56.86.
JPY steadied as BOJ’s Nakagawa said the central bank must keep its ultra-loose monetary policy
Japan leading economic index at 21-month low
Japan's Kanda has stated that the country will not rule out any options in the currency markets due to the sharp yen depreciation
BUY JPYINR SEP @ 56.4 SL 56.2 TGT 56.7-56.9.
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