USDINR trading range for the day is 81.14-81.62. - Kedia Advisory
USDINR
* USDINR trading range for the day is 81.14-81.62.
* Rupee eased after a batch of weak U.S. data stoked worries about a slowdown in the world's top economy.
* Fed's James Bullard said rates were not yet restrictive and could rise up to 5.5% by year-end
* India's trade deficit widened to USD 23.76 billion in December 2022 from USD 21.68 billion in the same month last year
EURINR
* EURINR trading range for the day is 87.61-88.51.
* Euro dropped as weighed down by weak global sentiment as disappointing US data fanned recession fears
* Euro zone consumer inflation decelerated as expected in December
* Federal Reserve officials reiterated their commitment to keep raising interest rates.
GBPINR
* GBPINR trading range for the day is 100.12-100.66.
* GBP dropped as house prices weakened further in December
* UK house price balance hits 12-year low
* Official wage growth data showed pay excluding bonuses rose by an annual 6.4% in the September-to-November period
JPYINR
* JPYINR trading range for the day is 63-63.94.
* JPY rose as speculators doubled down on bets that the Bank of Japan will need to shift policy soon.
* Japan's trade deficit surged to JPY 1,448.5 billion in December 2022 from JPY 603.1 billion in the same month a year earlier
* The central bank kept its yield curve control targets at -0.1% for short-term interest rates and around 0% for the 10-year yield
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory