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09-09-2022 11:14 AM | Source: Kedia Advisory
USDINR trading range for the day is 79.61-80.14 - Kedia Advisory
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USDINR

* USDINR trading range for the day is 79.61-80.14.

 

* USDINR dropped amid a drop in crude prices, but losses were capped as importers and oil companies sought U.S. dollars.

 

* India's benchmark 10-year bond yields also fell 5 basis points to 7.1353% as a drop in global oil prices eased some concerns about inflation.

 

* India cenbank governor says aims to manage rupee depreciation expectations

 

EURINR

 

* EURINR trading range for the day is 79.56-80.3.

 

* Euro gains as investors awaited a policy decision from the ECB and comments from the head of the Federal Reserve

 

* ECB raised interest rates by a record 75 basis points, taking the deposit rate above 0% for the first time since 2012

 

* The Euro Area economy expanded 0.8% on quarter in the second quarter of 2022, higher than a 0.6% rise in the second estimate

 

GBPINR

 

* GBPINR trading range for the day is 91.51-92.63.

 

* GBP remained supported as new government is expected to unveil an energy rescue plan

 

* Pound continued its downward momentum falling to almost $1.14, the lowest level since 1985

 

* UK House price balance falls on economic concerns

 

JPYINR

 

* JPYINR trading range for the day is 55.4-55.94.

 

* JPY gained as Japan’s Q2 GDP Growth Revised Higher

 

* Japan Q3 GDP growth annualized expands 3.5%

 

* Japan current account surplus narrows in July

 

 

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