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01-01-1970 12:00 AM | Source: Kedia Advisory
JPYINR trading range for the day is 60.37-60.65 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 82.26-82.98.

* Rupee weakened as Asian currencies fell at the beginning of a week crowded with high-profile events, including a Fed meeting.

* India's annual retail price inflation eased to 5.88% in November of 2022, the lowest reading since December last year

* India cenbank says banks' cash balances 7.74 trln rupees on Dec 10

 

EURINR

* EURINR trading range for the day is 86.7-87.62.

* Euro steadied ahead of major central banks' policy meetings and crucial data from the United States this week

* Euro zone economic growth revised up with household, business support

* Euro zone banks to repay another 447 bln euros of ECB loans early

 

GBPINR

* GBPINR trading range for the day is 100.67-101.85.

* GBP remained supported after fresh data showed the UK economy grew more than anticipated in October by 0.5%

* Although the recession is looming and it is unlikely that the economy will escape it.

* BoE is set announce a 50bps rate hike in the benchmark bank rate on Thursday, after a jumbo 75bps increase in the previous meeting

 

JPYINR

* JPYINR trading range for the day is 60.37-60.65.

* JPY dropped facing renewed pressure as investors braced for key US inflation data and the Federal Reserve’s interest rate decision.

* Japan Nov wholesale prices rise 9.3% yr/yr

* Japan business mood weakens in Q4

 

 

 

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