USDINR trading range for the day is 79.59-80.39 - Kedia Advisory
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USDINR
USDINR trading range for the day is 79.59-80.39.
USDINR hit record highs after data showed U.S. inflation, already at four-decade highs, accelerated even further.
The annual wholesale price inflation rate in India fell to 15.18 percent in June 2022 from 15.88 percent in the prior month
Dollar resumed its rise, driven by both expectations for faster policy tightening by the Federal Reserve and safe-haven flows as fears grow for a recession.
EURINR
EURINR trading range for the day is 79.96-80.64.
Euro settled flat as the EU slashes euro zone growth outlook, expects higher inflation
Wholesale prices in Germany rose by 21.2% year-on-year in June of 2022, after a 22.9% gain in the previous month
Euro zone industrial output rises beyond expectations in May
GBPINR
GBPINR trading range for the day is 94.36-95.18.
GBP dropped because of a soaring dollar and as investors worry about political uncertainty.
Economic output expanded by 0.5% in May, although consumer services fell
Data showed the UK economy grew unexpectedly in May.
JPYINR
JPYINR trading range for the day is 57.18-58.24.
JPY dropped as dollar rose underpinned by expectations of even more aggressive Federal Reserve policy tightening and safe-haven inflows
Industrial production in Japan declined by 7.5 percent month-over-month in May 2022
Private-sector machinery orders in Japan, fell 5.6% in May 2022 from a month ago
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