GBPINR trading range for the day is 99.72-100.88 - Kedia Advisory
USDINR
* USDINR trading range for the day is 82.25-82.99
* Rupee remained in range as the RBI raised interest rates and took a hawkish stance in its fight against inflation.
* The Reserve Bank of India raised its key repo rate by 35 bps to 6.25%, the sixth rate hike in a row
* Indian rupee should be allowed to find its level – RBI's Das
EURINR
* EURINR trading range for the day is 86.13-87.02.
* Euro fell as dollar crept higher as some of the biggest U.S. banks warned of an impending recession, which dampened appetite for riskier assets
* ECB chief economist said inflation was likely close to peaking, and investors prepared for a raft of major central bank decisions.
* Markets show investors widely expect a 50-bps rise in the ECB's 1.5% deposit rate on Dec. 15 before a string of further moves in 2023
GBPINR
* GBPINR trading range for the day is 99.72-100.88
* GBP dropped as dollar gained supported by concerns about a possible recession that hurt risk sentiment and the prospect of higher interest rates
* UK data showed high interest rates and a gloomy economic outlook slowed activity in the British construction industry to a crawl in November.
* The S&P Global/CIPS UK Construction Purchasing Managers' Index (PMI) fell to a three-month low of 50.4 from 53.2 in October
JPYINR
* JPYINR trading range for the day is 59.82-60.72
* JPY dropped after better-than-expected US services activity data suggested that Fed could raise interest rates for longer.
*Japan manufacturers’ mood hits 3-month high
* Japan coincident index drops to 3-month low
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory