USDINR trading range for the day is 73.74-74.24 - Kedia Advisory
USDINR
* USDINR trading range for the day is 73.74-74.24.
* USDINR remained supported as investors continue to digest a more hawkish Fed while worries over China's economic growth linger.
* India’s economy showed signs it’s ready to accelerate, thanks to its services sector resuming expansion and manufacturing activity retaining growth momentum in August
* There are signs that the world is emerging from shadow of coronavirus, after RBI Governor says
EURINR
EURINR trading range for the day is 86.36-86.94.
Euro dropped as largely ignoring developments in German elections, with the Social Democrats projected to narrowly defeat the CDU/CSU conservative bloc.
Euro zone business activity grew at its weakest pace in five months in September
Germany’s economic recovery from the COVID-19 pandemic lost momentum in September
GBPINR
GBPINR trading range for the day is 100.61-102.13.
GBP gained as expectations that the Bank of England could hike interest rates early next year gave some support
The BoE lifted its forecast for inflation and two of its policymakers called for an immediate halt to its 895 billion pound ($1.23 trillion) bond purchase programme.
UK retail sales grew at the slowest pace in six months in September
JPYINR
JPYINR trading range for the day is 66.49-67.17.
JPY remained under pressure as fears of widespread contagion from China Evergrande Group receded.
The JPY also fell as higher U.S. yields attracted Japanese investor money
Japan CPI stopped falling for first time in 13 months, still below BOJ target
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory