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01-01-1970 12:00 AM | Source: Kedia Advisory
GBPINR trading range for the day is 99.78-102.32 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 82.66-83.01.

* Rupee settled flat as growth concerns prompted by weak U.S. data and rate hikes by major central prompted investors to exit risk assets.

* Retail prices rose by 5.9% in November, and marking the first month that inflation was within the RBI’s upper target of 6% since December 2021.

* The rupee forward premiums rose, carrying the upside momentum from last week

 

EURINR

* EURINR trading range for the day is 87.71-88.49.

* Euro gains after ECB lifted interest rates by 50bps, reiterated more hikes will follow and outlined plans for quantitative tightening.

* The ECB revised its inflation forecasts higher while the growth outlook was revised sharply lower.

* ECB to start offloading bond holdings in March

 

GBPINR

* GBPINR trading range for the day is 99.78-102.32.

* GBP depreciated after the Bank of England tempered the pace of its rate aggression.

* Retail sales in the UK unexpectedly declined 0.4% month-over-month in November of 2022

* UK consumer confidence edges up in Dec

 

JPYINR

* JPYINR trading range for the day is 60.17-60.79.

* JPY dropped as Japan manufacturing shrinks the most in over 2 years

* Japan services sector grows for 4th month

* The Japan Composite PMI rose to 50.0 in December 2022 from a final 48.9 a month earlier, flash data showed.

 

 

 

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