USDINR trading range for the day is 74.16-74.98 - Kedia Advisory
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USDINR
USDINR trading range for the day is 74.16-74.98.
USDINR rose as investors awaited for more clues about the Federal Reserve's interest rate hike timeline from its policy meeting next week.
Govt likely to target 13-14% nominal growth in FY23
The annual wholesale price inflation rate in India inched down to 13.56 percent in December 2021 from 14.23 percent in the previous month
EURINR
EURINR trading range for the day is 84.58-85.52.
Euro steadied amid altered estimates for the future of the European Central Bank's monetary policies.
The European Central Bank is seen slower than other major central banks in tightening monetary policy
Euro zone consumers in for a shock as power bills soar
GBPINR
GBPINR trading range for the day is 101.25-101.97.
GBP seen pressure after data showed British employers added a record number of staff in December
The 184,000 employees added to British payrolls may vindicate traders who priced in another Bank of England interest rate hike in February
UK consumer confidence edged lower in December
JPYINR
JPYINR trading range for the day is 64.57-65.47.
JPY recovered to end with gains despite the Bank of Japan decided to maintain its ultra-loose monetary policy, as widely expected.
Industrial production in Japan jumped by 7.0 percent month-on-month in November 2021, compared to a flash reading of a 7.2 percent surge
The Bank of Japan raised its inflation forecast for the fiscal year beginning in April and said risks to the price outlook were evenly balanced
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)