09-01-2022 11:06 AM | Source: Kedia Advisory
USDINR Trading Range For The Day Is 79.19-80.59. - Kedia Advisory
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USDINR

* USDINR trading range for the day is 79.19-80.59.

* Rupee notched its biggest one-day gain in a year against a wobbly dollar as local equities saw a rush of foreign investor inflows.

* India's Q1FY23 GDP grows 13.5%, fastest in a year

* The Reserve Bank of India (RBI) stepped in to prevent the currency from trading under 80 per dollar in the previous session.

 

EURINR 

EURINR trading range for the day is 79.81-80.49.

Euro remained supported thanks to lower energy prices and the possibility of a super-sized European Central Bank rate hike.

Spanish data showed national consumer prices rose 10.4% in August from a year earlier, down from 10.8% the previous month.

Euro area services sentiment lowest since May 2021

 

GBPINR 

GBPINR trading range for the day is 93.27-94.01.

GBP dropped as mounting concern about the economic outlook gave traders added reason to dump the currency

A fresh downgrade to British economic forecasts from Goldman Sachs, added to the downbeat mood towards sterling.

Inflation in Britain has hit a 40-year high and the Bank of England (BoE) has warned of a lengthy recession

 

JPYINR 

JPYINR trading range for the day is 57.58-58.18.

JPY seen pressured as investors brushed aside fears about aggressive Federal Reserve monetary tightening at least momentarily.

Japan Jobless Rate Remains at 2.6% in July

Japan govt respects BOJ's monetary policy independence – finmin

 

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