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10-01-2021 11:53 AM | Source: Kedia Advisory
USDINR trading range for the day is 74.29-74.65 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 74.29-74.65.

* USDINR remained supported amid expectations for tighter U.S. monetary policy in the near future.

* Also helping the safe-haven dollar is the current impasse over the U.S. debt ceiling that threatens to shut the government down.

* India's April – August fiscal deficit near 4.7 trln rupees – govt

 

 

EURINR

* EURINR trading range for the day is 86.01-86.71.

* Euro dropped amid signs the European Central Bank will remain dovish for some time while the US Federal Reserve moves towards tapering.

* The services confidence indicator in the Euro Area fell to 15.1 in September 2021, from 16.8 in the previous month

* German import prices rise at fastest rate in 40 years

 

 

GBPINR

* GBPINR trading range for the day is 99.82-100.44.

* GBP dropped as dollar rose near its highest levels in a year on rising expectations the Federal Reserve will taper stimulus from November.

* UK economy bounced back by more than thought in Q2

* The current account deficit in the UK unexpectedly narrowed to GBP 8.6 billion or 1.5% of the GDP in the June quarter of 2021

 

 

JPYINR

* JPYINR trading range for the day is 66.41-66.71.

* JPY ended with losses amid a recent spike in US Treasury bond yields as expectations grew that the Fed will start tapering in November

* Japan's factory output extends declines on car production cuts

* Retail sales in Japan fell by 3.2 percent year-on-year in August 2021

 

 

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