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11-03-2021 11:00 AM | Source: Kedia Advisory
GBPINR trading range for the day is 101.85-102.77 - Kedia Advisory
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USDINR

USDINR trading range for the day is 74.58-75.3.

USDINR ended with losses as India’s factory activity expanded at its quickest pace in eight months in October on strong demand and increased output

Traders braced for an imminent tapering by the U.S. Federal Reserve.

India showed more signs of a recovery taking hold last month as its consumption-driving festive season kicked off

 

EURINR

EURINR trading range for the day is 86.71-87.29.

Euro remained under pressure as supply bottlenecks hampered growth in German manufacturing activity for the third month in a row in October.

IHS Markit's Final Purchasing Managers' Index (PMI) for manufacturing, reached 57.8, slightly down from an initial "flash" reading of 58.2.

Supply chain issues slow French manufacturing growth in October – PMI

 

GBPINR

GBPINR trading range for the day is 101.85-102.77.

GBP remained under pressure as investors weigh whether the Bank of England will be raising interest rates when it meets on Thursday

Several policymakers in the UK, including Governor Andrew Bailey, have been pushing for higher borrowing costs due to mounting inflationary pressure

The UK manufacturing activity growth improved in October for the first time in five months but output expanded at slower pace

 

JPYINR

JPYINR trading range for the day is 65.78-66.26.

JPY recovered after a strong showing for the ruling party in weekend elections eased doubts about the new prime minister's popularity.

The manufacturing sector in Japan continued to expand in October

Japan's housing starts declined in September and consumer confidence improved in October, data showed.

 

 

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