01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 74.21-74.59 - Kedia Advisory
News By Tags | #2767 #5839

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USDINR

* USDINR trading range for the day is 74.21-74.59.

* USDINR remained supported on expectations the U.S. Federal Reserve would soon start to unwind bond purchases gained momentum again.

* Fed Chairman Jerome Powell has warned that the latest increase in inflation could last longer than expected.

* Icra revises up India's fiscal 2022 GDP growth forecast to 9%

 

 

EURINR

* EURINR trading range for the day is 86.56-87.1.

* Euro remained under pressure amid signs the European Central Bank will remain dovish for some time

* Bundesbank - Sees German inflation peaking between 4-5% by year end, sees inflation still above 2% by mid-2022

* ECB's Lagarde - There are some factors that could lead to stronger price pressures than are currently expected

 

 

GBPINR

* GBPINR trading range for the day is 100.04-101.02.

* GBP dropped as due to a stronger dollar as the US Federal Reserve is seen tapering its bond-buying scheme in November

* Investors also digested the Bank of England's hawkish tone on monetary policy.

* Governor Andrew Bailey said interest rates could rise as early as this year, even before the current bond-buying program expires if necessary

 

 

JPYINR

* JPYINR trading range for the day is 66.59-67.07.

* JPY remained supported as traders digested ruling party elections and continued to monitor Evergrande’s interest payments.

* Japan's Aso urges joint monetary, fiscal policies to spur inflation

* Some said Japan's recovery timing might be delayed - minutes

 

 


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