EURINR trading range for the day is 90.74-91.8. - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 83.29-83.49.
Rupee remained in range amid increasing bets the Fed's tightening campaign is over.
The Indian economy expanded 7.6% year-on-year in the third quarter of 2023 India's fiscal deficit exp
SELL USDINR DEC @ 83.5 SL 83.65 TGT 83.35-83.2.
EURINR
Observations
EURINR trading range for the day is 90.74-91.8.
Euro dropped amid rising expectations of major central banks transitioning from tightening to rate cuts in the upcoming year.
Retail sales in Germany rose 1.1% month-over-month in October 2023 Eurozone services confidence improves in November
SELL EURINR DEC @ 91.2 SL 91.4 TGT 91-90.8.
GBPINR
Observations
GBP dropped as investors digested hawkish statements from Bank of England policymakers.
BOE’s Bailey said the central bank "will do what it takes" to get inflation down to its 2% target Market attention has shifted in recent weeks to when the BoE will start cutting rates from a 15-year high
SELL GBPINR DEC @ 105.7 SL 106 TGT 105.4-105.2.
JPYINR
Observations
JPYINR trading range for the day is 56.54-57.12.
JPY digested as investors digested industrial output rose more than expected in October, while retail sales growth missed forecasts.
BoJ’s Nakamara: Now is not the time to consider policy shift The consumer confidence index in Japan climbed to 36.1 in November of 2023 from 35.7
SELL JPYINR DEC @ 56.8 SL 57 TGT 56.6-56.4.
