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01-01-1970 12:00 AM | Source: Kedia Advisory
GBPINR trading range for the day is 101.74-102.56 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 82.29-82.91.

* Rupee rose after the U.S. inflation data supported the outlook that the Federal Reserve could take a less hawkish tone.

* The Federal Reserve has raised the fed funds rate by 50bps to 4.25%-4.5%, following four three-quarter point hikes

* India wholesale inflation slows to 21-month low

 

EURINR

* EURINR trading range for the day is 87.47-88.37.

* Euro gains as investors welcomed weaker-than-expected US CPI data, and braced for interest rate decisions from major central banks

* German current account surplus narrows in October

* The ECB is expected to deliver a dialed-down 50 bps rate hike

 

GBPINR

* GBPINR trading range for the day is 101.74-102.56.

* GBP rose as investors digested a weaker-than-expected US CPI report and fresh economic data out of the UK, while eyeing key policy meetings later this week.

* UK inflation falls to 10.7% in November

* The Bank of England is set to announce on Thursday a 50bps rate hike, after a jumbo 75bps increase in the previous meeting

 

JPYINR

* JPYINR trading range for the day is 60.73-61.67.

* JPY rose benefiting from a greenback weakness following the release of softer-than-expected US inflation data

* Japan's core machinery orders, which exclude those for ships and electric power companies, jumped 5.4% month-on-month in October 2022

* Japan's Q4 business sentiment worsens as cost pressures bite

 

 

 

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