USDINR trading range for the day is 81.41-82.15 - Kedia Advisory
USDINR
USDINR trading range for the day is 81.41-82.15.
Rupee snapped a four-day losing streak as the dollar eased and oil prices tumbled
OECD retains India GDP growth projection at 6.9 pc for FY’23
A report stated local bonds may not be considered for listing on a major global index this year capped gains.
EURINR
EURINR trading range for the day is 78.75-79.37.
Euro dropped weighed down by an energy crisis and new risks of war in Ukraine escalating.
Euro zone likely entering recession as price rises hit demand – PMI
Euro zone govts must limit subsidies on food, fuel – Lagarde says
GBPINR
GBPINR trading range for the day is 87.59-89.21.
GBP bounced, but was running mostly on hope, profit taking and soaring British yields, leaving traders unnerved about the broader fallout
The Bank of England has made a fairly anodyne promise to monitor markets and hike if necessary.
The government announced several tax cuts, in an attempt to boost economic growth.
JPYINR
JPYINR trading range for the day is 56.51-57.17.
JPY weakened as dollar rose on expectations that the Federal Reserve will tighten monetary settings further to stamp out surging inflation.
BoJ Kuroda warns of high economic uncertainty
Japan repeats readiness to respond to speculative yen moves
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory