USDINR trading range for the day is 82.53-83.15 - Kedia Advisory
USDINR
* USDINR trading range for the day is 82.53-83.15.
* Rupee slipped mirroring the fall in Asian currencies ahead of the U.S. inflation report, while importer-led demand for the greenback weighed.
* The annual inflation rate in the US slowed to 7.1% in November of 2022, the lowest since December.
* India's annual retail price inflation eased to 5.88% in November of 2022, the lowest reading since December last year
EURINR
* EURINR trading range for the day is 87.01-87.65.
* Euro appreciated above $1.06 hitting its strongest since mid-June, as investors welcomed weaker-than-expected US CPI data
* German inflation rate confirmed at 10% in November
* Eurozone investor sentiment rises to 10-month high
GBPINR
* GBPINR trading range for the day is 101.09-102.31.
* GBP rose as gains following UK employment data, while eyeing key policy meetings later this week
* UK jobless rate inches up to 3.7%
* UK wage growth below forecasts
JPYINR
* JPYINR trading range for the day is 60.02-60.54.
* JPY dropped as investors avoided making big bets ahead of key US inflation data that could influence the rates outlook
* BOJ Governor Kuroda has constantly insisted on the need to maintain the bank's massive stimulus until the 2% inflation target is sustainably achieved.
* The business survey index of large manufacturing firms in Japan posted at -3.6% in the fourth quarter of 2022
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory