USDINR trading range for the day is 74.62-75.1 - Kedia Advisory
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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory