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Rupee Closes Higher as Regional Currencies Rise Ahead of Crucial U.S. Jobs Report

Published 09-09-2024, 09:30 am
USD/INR
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EUR/INR
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# USDINR trading range for the day is 83.95-84.05
# Rupee ended higher tracking gains across regional currencies ahead of the crucial U.S. jobs report
# Lower Q1 GDP numbers a blip, no letup in growth: RBI Governor Shaktikanta Das
# India's services PMI surges to a 5-month peak in August on resilient demand, easing prices.

# EURINR trading range for the day is 93.2-93.6.
# Euro remained in range as Germany's economy is likely to stagnate this year
# Germany's trade surplus narrowed to EUR 16.8 billion in July 2024 from EUR 20.4 billion in June
# German industrial production shrank by 2.4% month-over-month in July 2024.

# GBPINR trading range for the day is 110.28-110.96.
# GBP remained in range amid the upbeat UK economic outlook
# The Halifax House Price Index in the UK increased 4.3% year-on-year in August 2024
# Overall economic activity in the UK expanded at a faster pace in August.

# JPYINR trading range for the day is 58.4-59.14.
# JPY gains as BOJ is expected to raise interest rates further amid persistent inflationary pressures and rising wages.
# Reserve assets in Japan increased to $1.24 trillion in August 2024 from $1.22 trillion in July
# Household spending in Japan rose in real terms by 0.1% yoy in July 2024.

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