USDINR trading range for the day is 82.28-82.56.- Kedia Advisory
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USDINR
USDINR trading range for the day is 82.28-82.56.
USDINR settled flat as India to be among fastest growing economies despite global challenges, RBI Governor Shaktikanta Das
India cenbank likely selling dollars, receiving forwards to support rupee
India's banking system liquidity deficit is expected to rise above 1 trillion Indian rupees ($12.14 billion) for the first time in 42 months
EURINR
EURINR trading range for the day is 80.1-80.7
Euro remained in range as investors turned to the dollar amid a more hawkish Federal Reserve
Markets expect the European Central Bank to hike rates by 75 bps in the next two meetings
Bundesbank President Joachim Nagel and Dutch central bank chief Klaas Knot both said that quantitative tightening should start soon
GBPINR
GBPINR trading range for the day is 92.15-93.81.
GBP jumps on policy reversal hopes
BoE reiterates liquidity available, following end of gilt support
Construction output in the UK advanced by 6.1% year-on-year in August of 2022
JPYINR
JPYINR trading range for the day is 55.35-55.74.
JPY hovered 32-year lows near 149 per dollar, at risk of sinking further to the key psychological level of 150
Japan’s Kanda said authorities would firmly respond to any excessive currency fluctuations
BOJ committed to ultra-easy monetary policy to support the economic recovery, while the Federal Reserve aggressively raised interest rates
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