Powered by: Motilal Oswal
19-11-2024 09:54 AM | Source: Kedia Advisory
Buy EURINR NOV @ 89.1 SL 88.9 TGT 89.3-89.5. - Kedia Advisory
News By Tags | #KediaAdvisory #CurrencyTips

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel

USDINR

Observations

USDINR trading range for the day is 84.37-84.51.

Rupee ended nearly unchanged supported by the central bank's market intervention.

India's foreign exchange reserves declined for the sixth consecutive week to $675.65 billion

RBI Governor Das stated that the Indian economy and financial sector are in a strong position.

 

SELL USDINR NOV @ 84.45 SL 84.55 TGT 84.35-84.28

 

EURINR

Observations

EURINR trading range for the day is 88.7-89.46.

Euro recovers as investors looked ahead to key inflation data from the Eurozone later this week

The European Commission's Autumn 2024 forecast anticipates a 0.8% growth in the Euro Area for this year

Germany’s wholesale prices declined by 0.8% year-on-year in October 2024, slower than a 1.6% fall in the previous month.

 

BUY EURINR NOV @ 89.1 SL 88.9 TGT 89.3-89.5.

 

GBPINR

Observations

GBPINR trading range for the day is 106.36-106.96.

GBP dropped from weak UK economic data and a surging dollar Bank of England's Mann sees upward inflation risks

The GDP in the UK expanded 0.1% on quarter in Q3 2024, the smallest growth rate in three quarters

 

BUY GBPINR NOV @ 106.6 SL 106.3 TGT 106.9-107.1.

 

JPYINR 

Observations

JPYINR trading range for the day is 54.2-54.78. 

JPY gains as investors reacted to comments from Bank of Japan Governor Kazuo Ueda.

The central bank chief reiterated that they will raise interest rates gradually should the economy develop as expected, but provided no guidance on the timing.

Business sentiment has improved, with corporate profits trending upward.

 

BUY JPYINR NOV @ 54.45 SL 54.25 TGT 54.65-54.85

To Read Complete Report & Disclaimer     Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer