IGI Logo

USDINR

USDINR trading range for the day is 74.51-74.77.

USDINR seen pressure after the Fed approved plans to unwind its stimulus programme this month while retaining low interest rates for some time.

The Fed said it would start trimming its monthly bond purchases in November with plans to end them in 2022

India’s dominant services industry expanded at the fastest pace in more than a decade on improved domestic demand despite high inflation

EURINR

EURINR trading range for the day is 86.19-86.57.

Euro dropped after European Central Bank chief Christine Lagarde said an interest rate hike next year was very unlikely.

The ECB is very unlikely to raise interest rates next year despite market bets for a move as soon as next October, Lagarde said.

IHS Markit's Final Purchasing Managers' Index (PMI) for manufacturing, reached 57.8, slightly down from an initial "flash" reading of 58.2.

GBPINR

GBPINR trading range for the day is 100.54-102.08.

GBP dropped after the Bank of England left its main interest rate unchanged.

The BoE kept the Bank Rate at 0.1%, dashing investors' expectations for a hike

The UK construction sector growth accelerated in October despite supply constraints and rapidly rising purchase prices

JPYINR

JPYINR trading range for the day is 65.46-65.7.

JPY dropped as the election results solidified Prime Minister Fumio Kishida’s position and paved the way for more fiscal stimulus.

The manufacturing sector in Japan continued to expand in October

Japan's housing starts declined in September and consumer confidence improved in October, data showed.

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer