01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 75.07-75.53 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 75.07-75.53.

* USDINR remained supported after Fed chair Jerome Powell confirmed last week the Federal Reserve is ready to start tapering.

* India's trade deficit widens to record $22.6 bln in September

* India's foreign exchange reserves rose to $641.01 billion as of Oct. 15, compared with $639.52 billion a week earlier

 

EURINR

* EURINR trading range for the day is 87.39-88.01.

* Euro remained supported as dollar seen pressure as traders continued to focus on the prospect of interest rate hikes and tightening outside of the United States.

* German inflation expectations jump to 8-1/2 year highs

* German tax take surges, ministry optimistic on growth, inflation

 

GBPINR

* GBPINR trading range for the day is 103.35-104.03.

* GBP remained supported after recent survey data and policymaker comments underlined the threat of further inflationary pressure.

* British finance minister Rishi Sunak said that the outlook for interest rates and inflation will feed into his thinking ahead of next week’s annual budget.

* UK's economy gathers speed, inflation pressures mount - PMIs

 

JPYINR

* JPYINR trading range for the day is 66.05-66.49.

* JPY remained supported as bets on monetary policy divergence eased amid a cautious Fed stance.

* BOJ discussing phasing out pandemic support as economy reopens

* Japan's consumer inflation turns positive as energy costs rise

 


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