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01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 73.71-74.23 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 73.71-74.23.

* USDINR dropped as there are signs that the world is emerging from shadow of coronavirus, after RBI Governor says

* RBI Governor says the time is right to plan for an economy that is stronger, more inclusive and sustainable

* India may seek a ratings upgrade from Moody’s amid recovery hopes

 

 

EURINR

* PEURINR trading range for the day is 86.62-87.08.

* Euro dropped as the IHS Markit Germany Manufacturing PMI fell to 58.5 in September of 2021 from 62.6 in August

* French Manufacturing PMI dropped to 55.2 in September of 2021, 8-month low

* S&P Global lifts euro zone growth, inflation forecasts

 

 

GBPINR

* GBPINR trading range for the day is 101.04-101.78.

* GBP recovered after Bank of England keeps interest rate unchanged at 0.1%

* BoE raised its target for government bond purchases by 150 billion pounds in November 2020

* The UK private sector grew at the slowest pace in seven months in September

 

 

JPYINR

JPYINR trading range for the day is 66.66-67.48.

JPY dropped after the Federal Reserve said it would reduce its monthly bond purchases "soon"

BOJ held its key short-term interest rate at -0.1% while maintaining the target for the 10-year Japanese government bond yield at around 0%.

BoJ reiterated it will not hesitate to take more easing measures if necessary while expecting short-and-long-term policy rates to remain at their present or lower levels

 

 

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