Powered by: Motilal Oswal
11-01-2021 11:18 AM | Source: Kedia Advisory
GBPINR trading range for the day is 103.19-103.85 - Kedia Advisory
News By Tags | #2767 #5839

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

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