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01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 75.18-75.52 - Kedia Advisory
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USDINR

USDINR trading range for the day is 75.18-75.52

USDINR dropped aided by the central bank's assurance on liquidity, easing inflation and an emergency nod for a COVID-19 vaccine for kids.

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

India cenbank keeps rates on hold to support economic recovery

EURINR

EURINR trading range for the day is 87.21-87.71.

Euro remained supported due to a slight retreat in the US dollar and Treasury yields

German economic institutes cut 2021 GDP forecast

Germany's consumer price inflation accelerated, as initially estimated, in September to the highest level since 1993

GBPINR

GBPINR trading range for the day is 102.69-103.65.

GBP rose as traders focused on hopes a post-Brexit trade war with the European Union will be avoided

The BoE, facing a rise in inflation, looks set to be the first major central bank to raise interest rates since the beginning of the pandemic.

BoE governor Andrew Bailey stressed the need to prevent inflation from becoming permanently embedded

JPYINR

JPYINR trading range for the day is 66.28-66.62.

JPY steadied as the Bank of Japan is expected to continue its ultra-accommodative monetary policy

Japan econmin sees no need to change BOJ's 2% inflation goal

BOJ policymaker rules out stimulus withdrawal even after economy recovers

 

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