GBPINR trading range for the day is 103.19-103.85 - Kedia Advisory
USDINR
* USDINR trading range for the day is 74.86-75.38.
* USDINR remained in range as the US economy grew at its slowest pace in more than a year
* Finance ministry approves 8.5% return on PF deposits for FY21
* India's forex reserves fall to $640.10 bln as of Oct. 22
EURINR
* EURINR trading range for the day is 87.34-87.86.
* Euro gains as the ECB left monetary policy unchanged, but failed to calm markets that are pricing in two ECB rate hikes by the end of next year
* Euro zone companies brace for another year of supply snags, ECB says
* Italian economy grows more than expected in Q3 as recovery from COVID crisis continues
GBPINR
* GBPINR trading range for the day is 103.19-103.85.
* GBP remained supported as investors assessed whether the Bank of England would proceed with an interest rate hike at the upcoming meetings or hold fire
* Finance minister Rishi Sunak promised higher public spending but his budget, while projecting robust 6.5% growth in 2021
* Consumer credit in the United Kingdom increased by GBP 0.2 billion in September of 2021, following an upwardly revised GBP 0.5 billion increase in August
JPYINR
* JPYINR trading range for the day is 65.92-66.28.
* JPY dropped after the Bank of Japan kept accommodative monetary policies in place
* Japan's factory output hammered by supply snags, leaves economy reeling
* The consumer confidence index in Japan was up 1.4 points from the previous month to 39.2 in October of 2021.
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
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory