USDINR trading range for the day is 74.1-74.7 - Kedia Advisory
USDINR
USDINR trading range for the day is 74.1-74.7.
USDINR dropped amid easing crude oil prices, stable domestic inflation data and a rise in risk appetite in the domestic markets.
RBI taking a closer look at bank business models: Governor Shaktikanta Das
Fitch reaffirms India rating with negative outlook
EURINR
EURINR trading range for the day is 83.8-84.74.
Euro dropped after robust U.S. economic data lifted Treasury yields and the dollar and spurred more calls for tighter monetary policy.
Euro zone Q3 GDP rises 2.2% q/q as expected
Germany to see inflation ease at start of 2022 -economy ministry
GBPINR
GBPINR trading range for the day is 99.57-100.47.
GBP dropped paring gains after data showed British inflation surged to a 10-year high last month, boosting expectations of a rate hike as early as next month.
Money markets now expect more than 15 bps of rate hikes next month compared with around 10 bps on Nov. 5.
UK economy withstands end of jobs support, easing BoE worries
JPYINR
JPYINR trading range for the day is 64.52-65.24.
JPY dropped as the greenback rallied on strong US economic figures which brought forward expectations of a Federal Reserve rate hike.
Japan's exports grow at slowest pace in eight months
Japan Sept core machinery orders flat from previous month
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory