JPYINR trading range for the day is 67.09-67.51 - Kedia Advisory
USDINR
USDINR trading range for the day is 73.53-73.89.
USDINR remained in range as equity market moved higher, while investors, bracing for a potential default by property developer China Evergrande
Reserve Bank of India Deputy Governor Michael Patra said inflation in the country is likely to ease only gradually
The RBI said it was "quite optimistic" about its 9.5% GDP growth estimate coming true for FY22.
EURINR
EURINR trading range for the day is 86.34-86.66.
Euro remained supported as markets appeared to calm from a pressure a day earlier driven by fears around Chinese property developer Evergrande’s debt woes
ECB’s bond purchases is becoming "less important" as the economic outlook improves and the money-printing scheme becomes a tool for guiding rate expectations
ECB's Villeroy- Recent bout of strong inflation is temporary and there is no doubt the ECB needs to maintain accommodative stance
GBPINR
GBPINR trading range for the day is 100.54-101.1.
GBP remained in range as officials in the UK are seen adopting a hawkish tone due to inflationary pressure
Public sector net borrowing in the United Kingdom was GBP 20.5 billion in August 2021, GBP 5.5 billion less than a year earlier
The average price of property coming to the UK housing market hits a new all-time high in September despite the traditional summer holiday lull
JPYINR
JPYINR trading range for the day is 67.09-67.51
JPY settled flat as investors rushed for safety amid worries over a slowdown in global growth and uncertainty over the timing of the US Fed's tapering plans.
BOJ is expected to keep policy steady this week but could offer a bleaker view on exports and output due to the pandemic.
Japanese finance minister says meeting budget target may take more time
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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