USDINR trading range for the day is 75.18-75.52 - Kedia Advisory
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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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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Sell GBPINR DEC @ 105.1 SL 105.4 TGT 104.75-104.5 - Kedia Advisory