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Rupee Closed Slightly Higher Supported By Foreign Banks\\' Dollar Sales

WikiFX
| 2023-11-29 19:43

Abstract:# trading range for the day is 83.32-83.48.# Rupee closed slightly higher supported by foreign banks

# trading range for the day is 83.32-83.48.

# Rupee closed slightly higher supported by foreign banks' dollar sales and softness in the greenback.

# Indias finance minister said the government is monitoring the exchange rate, especially following the Indian Rupee's decline.

# Indias Gross Domestic Product (GDP) Quarterly for Q2 on Thursday will be in the spotlight this week.

# trading range for the day is 91.18-91.58.

# Euro gains as investors digested a series of statements from the ECB

# GfK Consumer Climate Indicator for Germany edged up to -27.8 heading into December 2023 from a downwardly revised -28.3 in November

# ECBs Nagel cautioned that if the inflation outlook worsens, the central bank might need to consider raising interest rates again, advising against hasty policy easing.

# trading range for the day is 105.01-105.53.

# GBP gains reflecting the UK economy's resilience in the face of tightening measures by the BoE.

# BoE Governor Andrew Bailey mentioned the challenge of bringing inflation back to the 2% target

# The GfK Consumer Confidence indicator in the United Kingdom rose to -24 in November 2023 from -30 in October.

# trading range for the day is 56.14-56.78.

# JPY appreciated amid a general greenback weakness, as signs of slowing economic activity in the US

# Japans headline inflation rate accelerated to 3.3% in October from 3% in September, pointing to the highest reading since July.

# The Bank of Japan reaffirmed its commitment to accommodative monetary policies during its October policy meeting.

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