JPYINR trading range for the day is 60.37-60.65 - Kedia Advisory
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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory