USDINR trading range for the day is 81.08-81.64 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 81.08-81.64.
* USDINR remained in range after U.S. data reaffirmed expectations of a slowdown in the pace of rate hikes by the Federal Reserve.
* RBI may lower FY23 GDP growth forecast
* The premiums on the Indian rupee are unlikely to fall much further
EURINR
* EURINR trading range for the day is 85.22-86.12.
* Euro rose amid drop in dollar as investors bet the Fed will slow the pace of tightening from its December meeting
* Euro zone factory downturn eased in November, inflationary pressures moderated
* The latest inflation report for the Eurozone showed that annual inflation slowed to 10% in November
GBPINR
* GBPINR trading range for the day is 99.07-100.41
* GBP gained as the dollar rally paused, with investors assessing the monetary policy outlook
* Data showed British manufacturing activity falling for a fourth month in a row in November
* Money markets are fully pricing in a 50-basis-point rate hike at the BoE's Dec. 15 meeting.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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