01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 79.42-79.9 - Kedia Advisory
News By Tags | #2767 #5839

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USDINR

* USDINR trading range for the day is 79.42-79.9.

* USDINR gains founding support from minutes of the U.S. Federal Reserve's last meeting that hinted higher interest rates could stick for longer.

* The Fed's July meeting showed officials found "little evidence" of inflation pressures easing.

* Industrial production in India advanced by 12.3 percent year-on-year in June of 2022

 

EURINR

* EURINR trading range for the day is 80.82-81.4.

* Euro remained supported as investors balance the ECB policy tightening path against the region’s economic outlook.

* The euro zone inflation outlook has failed to improve since a July rate hike, European Central Bank board member Isabel Schnabel said

* The euro area economy expanded slightly less than estimated in the second quarter, the flash estimate from Eurostat showed.

 

GBPINR 

* GBPINR trading range for the day is 95.47-96.63.

* GBP dropped as data showed inflation climbed to its highest level in more than four decades in July

* Consumer price inflation rose to 10.1% in July, its highest since February 1982.

* Higher-than-forecast inflation supports the view that the Bank of England will follow up last month's 50 basis point rate rise.

 

JPYINR

* JPYINR trading range for the day is 58.85-59.23.

* JPY recovered from lows after pressure seen after disappointing Chinese and US data renewed fears of a global recession.

* Japan trade gap widens as imports surge, capex solid for now

* Machinery orders underscore brisk corporate activity

 

 

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