01-01-1970 12:00 AM | Source: Kedia Advisory
JPYINR trading range for the day is 58.47-59.35 - Kedia Advisory
News By Tags | #2767 #5839

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USDINR

* USDINR trading range for the day is 81.46-82.04

* Rupee remained in range as Fed minutes as policymakers agreed it would likely soon be appropriate to slow the pace of interest rate hikes.

* Rupee forward premiums dropped this week with the 1-year implied yield falling to 2.05% from 2.17% last week.

* India's unemployment rate eases to 7.2% in July-September 2022

 

EURINR

* EURINR trading range for the day is 84.91-85.49.

* Euro remained in range on expectations of a narrow interest rate gap between the ECB and the Fed.

* German consumer sentiment stabilizes with help of energy measures

* Last week Euro was supported by PMIs figures showing the contraction in Euro Zone business activity eased slightly in November

 

GBPINR

* GBPINR trading range for the day is 98.55-99.29.

* GBP remained pressured on profit booking amid the prospect of a difficult winter ahead in the UK and soaring interest rates.

* BoE's Ramsden favours more rate hikes, but sees potential for cuts

* Investors were digesting recent economic data and welcomed Rishi Sunak and Jeremy Hunt’s economic plans.

 

JPYINR

* JPYINR trading range for the day is 58.47-59.35.

*JPY dropped as investors took some profits following a strong rally driven BY Fed’s minutes

* Consumer inflation in Japan's capital rises at fastest pace in 40 years

* Bank of Japan Governor Kuroda recently stressed the need to maintain ultra-loose monetary policy to support the economy

 

 

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