JPYINR - Ways2Capital

JPYINR trading range for the day is 64.49-65.67.

JPY traded in range as Fed in its latest policy meeting minutes suggested that officials intend to keep interest rates at the current pace.

Consumer prices in Japan were up 1.2 percent on year in September, the Ministry of Internal Affairs and Communication said.

Japan posted a merchandise trade surplus of 139.6 billion yen in September, the Ministry of Finance said.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 0969999771

GBPINR - Ways2Capital

                                 
GBPINR trading range for the day is 95.52-96.21.

GBP remained supported as investors cautiously awaited developments around Brexit as well as Italy’s budget plan which drew heavy criticism from the European Union

British Prime Minister Theresa May is ready to drop a key Brexit demand in order to make a deal for Britain to leave the European Union.

Public sector net borrowing excluding public sector banks was GBP 4.1 billion, which was GBP 0.8 billion less than in September 2017.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 0969999771

EURINR - Ways2Capital

                                 
EURINR trading range for the day is 84.18-85.01.

Euro rallied as a fall in Italian government borrowing costs after their recent surge introduced some calm into the market.

The movement may become increasingly sensitive to geopolitical factors such as Italy’s budget issue and Brexit talk gaining more headline exposure.

The European Commission sent Rome a letter calling a draft budget an “unprecedented” breach of EU fiscal rules.          

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 0969999771

USDINR - Ways2Capital

                              
USDINR trading range for the day is 73.09-73.85.

Rupee dropped amid Reserve Bank of India scheduled to announce the last tranche of its OMO purchase calendar for October.

RBI’s monetary policy committee sees a risk of rising headline inflation from high crude oil prices and a weak rupee, indicating potential rate hikes.

India’s retail inflation rose to 3.77 percent in September from 3.69 percent in August, the country’s Statistics Ministry said last week.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

Rupee Slips Further To 73.82 Per Dollar

                                
The Indian rupee slipped further to 73.82 per dollar. It opened lower by 14 paise at 73.70 per dollar against previous close 73.56.On Monday, it closed lower by 24 paise versus Friday's close of 73.32 per dollar.

It came under pressure on sell off in domestic equities and on the back of rising crude oil prices.Rupee after appreciating against the US dollar in the past few sessions came under pressure following importer dollar demand at lower levels and as FIIs continues to remove funds from Indian equities and debt segment.

Outflows from the equity and debt segment for this month now stands at USD 4.5 billion, reported Motilal Oswal.

Last month, FIIs withdrew almost USD 3billion taking the total outflow figure to USD 7.5billion in the last couple of months.

On the domestic front, no major economic data is expected to be released but volatility for the rupee could be determined by any comments from the US President on the trade war front. Today, USD-INR pair is expected to quote in the range of 73.20 and 73.80, it added.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 0969999771

JPYINR - Ways2Capital



JPYINR trading range for the day is 65.02-65.82.

JPY remained under pressure reflecting the global risk-off mood due to rising geopolitical tensions between the U.S. and Saudi Arabia.

Bank of Japan Governor Haruhiko Kuroda says Japan's economy is expanding moderately and to expect CPI to pick up toward 2% target

BOJ Governor Kuroda says Japan's financial system is maintaining its stability and the BOJ will keep rates very low for extended period.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717

GBPINR - Ways2Capital

GBPINR trading range for the day is 95.23-96.52.

GBP remained under pressure after Prime Minister Theresa May said the European Union’s proposal on the border was unacceptable.

British Prime Minister Theresa May, said that the European Union’s proposal on the Irish border was unacceptable.

Traders placed bearish bets on the sterling as a EU-UK summit failed to yield a decision on Britain’s exit from the euro zone.

For Quick Trial – 8962000225 ✔
or mail us here: info@ways2capital.com
✆ - 0731-6626191 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 09699997717