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12-10-2021 10:25 AM | Source: Kedia Advisory
GBPINR trading range for the day is 99.43-100.53 - Kedia Advisory
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USDINR

USDINR trading range for the day is 75.5-75.82.

USDINR remained in range as investors waited for a key Federal Reserve policy meeting due next week.

Inflation expectations of households rose to the highest since 2014 in November, according to the Reserve Bank of India's bi-monthly survey.

Fitch cuts India GDP forecast for FY22 to 8.4% in Nov from 8.7% in Oct

 

EURINR

EURINR trading range for the day is 85.44-85.88.

Euro gains amid hopes some COVID-19 vaccines might be able to neutralise new coronavirus variant Omicron.

Germany industrial output recovered at a stronger than expected pace in October underpinned by auto production

Euro zone inflation will take longer to fall back to 2%, says ECB

 

GBPINR

GBPINR trading range for the day is 99.43-100.53.

GBP settled flat as Britain announced tougher restrictions against COVID-19 as the emergent Omicron variant spreads.

PM Johnson announced the implementation of a 'Plan B' against the virus, ordering people to work from home

Bank of England now expected to raise rates in Q1, but Dec a close call

 

JPYINR

JPYINR trading range for the day is 66.28-66.94.

JPY dropped amid a strong dollar and as investors are waiting for fresh inflation data for the US and digesting recent developments about the new COVID-19 variant.

A measure of the public assessment of the Japanese economy increased in November, survey data from the Cabinet Office showed.

Japan's Q3 GDP revised down to 3.6% annualised contraction

 

 

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