Currencies

Rupee Declined As Asian Currencies Fell At The Start Of A Busy Week


# trading range for the day is 82.26-82.98.
# Rupee weakened as Asian currencies fell at the beginning of a week crowded with high-profile events, including a Fed meeting.
# India’s annual retail price inflation eased to 5.88% in November of 2022, the lowest reading since December last year
# India Central Bank says banks’ cash balances 7.74 trillion rupees on Dec 10

# trading range for the day is 86.7-87.62.
# Euro steadied ahead of major central banks’ policy meetings and crucial data from the United States this week
# Euro zone economic growth revised up with household, business support
# Euro zone banks to repay another 447 bln euros of ECB loans early

# trading range for the day is 100.67-101.85.
# GBP remained supported after fresh data showed the UK economy grew more than anticipated in October by 0.5%
# Although the recession is looming and it is unlikely that the economy will escape it.
# BoE is set to announce a 50bps rate hike in the benchmark bank rate on Thursday, after a jumbo 75bps increase in the previous meeting

# trading range for the day is 60.37-60.65.
# JPY dropped facing renewed pressure as investors braced for key US inflation data and the Federal Reserve’s interest rate decision.
# Japan Nov wholesale prices rise 9.3% yr/yr
# Japan’s business mood weakens in Q4.



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