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02-01-2023 09:35 AM | Source: Kedia Advisory
JPYINR trading range for the day is 62.8-63.5 - Kedia Advisory
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USDINR

USDINR trading range for the day is 81.43-82.49.

Rupee recorded its steepest drop in about two months amid the volatility in equities ahead of the domestic budget and the Fed meeting.

India's economic growth likely to slow to 6-6.8% in next fiscal year, says Economic Survey

India's current account deficit needs to be closely monitored, Eco Survey says

 

EURINR

EURINR trading range for the day is 88.54-89.18.

Euro dropped after economic data revived fears of a marked economic slowdown, while investors got ready for a 50 basis point rate hike by ECB

Germany retail sales end 2022 sharply lower

Germany import prices rise the least in 19 months

 

GBPINR

GBPINR trading range for the day is 100.64-101.42.

GBP dropped after IMF cut its 2023 UK GDP forecast by 0.9 percentage points and now predicts a contraction of 0.6%.

The Bank of England is expected to hike interest rates by 50 bps to 4.0% to tackle double-digit inflation.

UK budget gap record high for December

 

JPYINR

JPYINR trading range for the day is 62.8-63.5.

JPY steadied as Japan consumer morale strongest in 5 months

Japan's housing starts unexpectedly fell by 1.7 percent year-on-year in December 2022

BOJ Governor Haruhiko Kuroda reiterating that the 2% inflation target must be achieved in a sustainable fashion

 

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