USDINR trading range for the day is 74.89-75.43 - Kedia Advisory
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USDINR
USDINR trading range for the day is 74.89-75.43.
USDINR dropped as a drop in global crude oil prices provided a breather and helped calm investor worries over sustained imported inflationary pressures
The central bank announced a 28-day variable rate reverse repo auction for 500 billion rupees on Nov. 2
India showed more signs of a recovery taking hold last month as its consumption-driving festive season kicked off
EURINR
EURINR trading range for the day is 86.84-87.64.
Euro remained under pressure as the Bundesbank said the German economy is likely to slow sharply in Q4 amid supply shortages and slowing demand.
Germany cuts 2021 growth outlook as supply problems, energy prices bite
Spain's 12-month flash CPI to October up 5.5%, fastest pace since 1992
GBPINR
GBPINR trading range for the day is 102.98-103.58.
GBP remained in range as investors digested the UK annual budget and spending review
UK's Sunak wary of public finance impact if rates rise
UK car output falls to lowest September level since 1982
JPYINR
JPYINR trading range for the day is 65.91-66.49.
JPY dropped after the Bank of Japan’s monetary policy decision and economic forecasts fell within expectations.
Japan's economy is expected to recover and accelerate growth as the pandemic's impact fades.
Japan's Sept retail sales decline for a second month
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
