EURINR trading range for the day is 90.87-91.31 - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 83.06-83.3.
Rupee ended little changed as dollar demand from importers, eroded early gains from inflows.
India's economy is expected to grow 7.3% in the current fiscal year ending in March
Foreign capital inflows and the RBI intervention have been supporting the INR
EURINR
Observations
EURINR trading range for the day is 90.87-91.31.
Euro gains as investor morale in the euro zone improved for the third consecutive month in January
Factory orders in Germany rose by 0.3% month-over-month in November 2023
Germany's trade surplus widened to EUR 20.4 billion in November 2023
GBPINR
Observations
GBPINR trading range for the day is 105.35-105.93.
GBP held steady as investors digested a set of economic data and its potential implications for global monetary policies.
Data revealed a significant expansion in UK consumer borrowing by a net £2.0 billion, marking the highest since March 2017
The final PMI survey indicated that Britain's services output grew more strongly in December than initially estimated
JPYINR
Observations
JPYINR trading range for the day is 57.66-58.02.
JPYINR FEB-JAN 0.3400 BUY JPYINR JAN @ 57.75 SL 57.55 TGT 57.95-58.1.
JPY recovers after pressure seen amid fading hopes for an imminent shift in BoJ’s policy shift.
Diminishing odds for an end to BoJ’s negative rates regime in January should cap gains.
Reduced bets for aggressive Fed easing underpin the dollar
