GBPINR trading range for the day is 100.4-101 - Kedia Advisory
USDINR
USDINR trading range for the day is 74.79-75.19.
USDINR remained in range on weak risk appetite as Omicron worries persist
Sentiment also dampened after the World Health Organization warned that the Omicron variant could lead to overwhelmed healthcare systems
Exports rise 36% during December 1-21: Commerce Ministry
EURINR
EURINR trading range for the day is 84.45-85.09.
Euro dropped amid concerns over Europe's slowing economic growth on the back of surging prices and new COVID restrictions.
But recovered most of its as fading concerns about the economic impact of the pandemic supported risk sentiment
The European Central Bank is seen tightening policy slower than the US Federal Reserve.
GBPINR
GBPINR trading range for the day is 100.4-101.
GBP dropped amid concerns about the UK's economic recovery were exacerbated by rising COVID-19 cases and the threat of fresh lockdown measures
British manufacturers reported a near-record inflow of new orders this month but also a worsening shortage of stocks of finished goods
The current account deficit in the UK widened sharply to GBP 24.4 billion or 4.2% of the GDP in the third quarter of 2021
JPYINR
JPYINR trading range for the day is 65.08-65.54.
JPY dropped as the Bank of Japan signaled that it would lag behind other central banks in scaling back monetary stimulus.
Japan's Nov factory output surges 7.2% on jump in car production
Data showed the jobless rate rose to 2.8% from the previous month's 2.7%
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