USDINR trading range for the day is 73.71-74.23 - Kedia Advisory
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
To Read Complete Report & Disclaimer Click Here
Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer
Tag News
EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory