USDINR trading range for the day is 73.5-74.06 - Kedia Advisory
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USDINR
USDINR trading range for the day is 73.5-74.06.
USDINR remained supported as market expectation builds that the Federal Reserve could taper its stimulus sooner rather than later.
Factory output grows 11.5% in July on low base effect
India's forex reserves grow $8.895 bn to new record high of $642.453 bn
EURINR
EURINR trading range for the day is 86.72-87.26.
Euro dropped due to growing risk aversion as rising COVID-19 infections could force some countries to reintroduce restrictions of some sort.
German recovery will gain momentum in third quarter - economy ministry
Wholesale prices in Germany increased 12.3% yoy in August, the highest rate since October 1974 after the first oil crisis
GBPINR
GBPINR trading range for the day is 101.59-102.39.
GBP remained supported as investors digested hawkish comments by BOE and Fed officials ahead of central bank meetings next week
The Confederation of British Industry, warned that higher taxes to pay for social care costs and the NHS after the pandemic could further slow economic growth.
The UK is preparing a mass booster vaccination program as it plans to scrap mandatory vaccine certificates in England.
JPYINR
JPYINR trading range for the day is 66.83-67.29.
JPY remained in range amid hopes that a new prime minister in Japan would compile a massive economic stimulus to boost domestic economic recovery.
Japanese PM Contender Kono says Abenomics boost economic growth but wages did not rise
Japan's wholesale inflation hovers near 13-yr high as material costs rise
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