01-01-1970 12:00 AM | Source: Kedia Advisory
USDINR trading range for the day is 81.34-81.9 - Kedia Advisory
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USDINR

USDINR trading range for the day is 81.34-81.9.

Rupee sank to a new record low following the pound's tumble and fears over more aggressive monetary tightening.

S&P projects India's GDP growth at 7.3% for FY23

RBI to raise rates again, slim majority of economists expect 50 bps hike

EURINR

EURINR trading range for the day is 78.08-79.52.

Euro hovered around its weakest level since June 2002, as recession fears mounted and as investors digested Italy's election results.

Economic data showed the Eurozone's business activity contracted for a third consecutive month in September, and should continue fallingGerman business morale tumbles to over 2-year low

German business morale tumbles to over 2-year low

GBPINR

GBPINR trading range for the day is 84.05-89.98.

GBP dropped to an all-time low after the government announced several tax cuts, in an attempt to boost economic growth.

The government estimates the tax cuts will total £45 billion by 2026-27, but investors worry that public debt levels will soar

The Bank of England hiked interest rates for a seventh straight time to combat inflationary pressure

JPYINR

JPYINR trading range for the day is 56.37-57.09.

JPY dropped as Japan Manufacturing PMI falls to 20-month low

Japan services sector rebounds

Japan composite PMI rises to 3-month high

 

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