01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 74.62-75.1 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 74.62-75.1.

* USDINR remained in range after the Chinese property developer Evergrande supplied funds to pay interest on a US dollar bond.

* Worries of economic contagion have seen swathes of other heavily-indebted developers hit with credit rating downgrades.

* India's September WPI inflation eases to 10.66% y/y

 

EURINR

EURINR trading range for the day is 86.83-87.43.

* Euro remained in range as growth in euro zone business activity has slowed down this month

* Euro zone inflation expectations hit highest level in years

* ECB's Visco: supply bottlenecks beginning to weigh on Italian economy, could last longer than expected

 

GBPINR

* GBPINR trading range for the day is 102.77-103.65.

* GBP remained under pressure as British retail sales unexpectedly fell for a fifth month in a row last Month

* UK public's inflation expectations rocket to record high: GfK

* UK factory orders growth falls to six-month low - CBI

 

JPYINR

* JPYINR trading range for the day is 65.44-66.04.

* JPY recovered as the Bank of Japan is discussing phasing out a COVID-19 loan programme if infections in the country continue to dwindle

* No consensus within BoJ whether to extend March deadline of scheme, decision on Covid-19 loan scheme expected in December

* Discussing phasing out emergency pandemic loan scheme if infections fall

 

 

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