Rupee Dropped Slightly As Demand For The Greenback And Large Foreign Banks Weighed

# trading range for the day is 83.28-83.4.

# Rupee dropped slightly as demand for the greenback from local corporates and large foreign banks weighed

# RBIs Das said the Indian Rupee has witnessed “low volatility” and orderly movements as compared to its peers

# RBIs Das estimates India\\'s real GDP to grow by 6.5% in fiscal years 2023-24 and 2024-25.

# trading range for the day is 90.68-91.2.

# Euro steadied as traders digest fresh PMI surveys that showed a slower contraction in Eurozone business activity for November.

# Germany Manufacturing PMI increased to 42.3 in November 2023, the highest in six months

# Germany Composite PMI climbed to 47.1 in November 2023, rising from 45.9 in the previous month.

# trading range for the day is 103.87-105.05.

# GBP remained supported due to the strong UK preliminary business PMI data

# S&P Global/CIPS UK Composite PMI rose to 50.1 in November 2023 from 48.7 in October

# S&P Global/CIPS United Kingdom Manufacturing PMI rose to 46.7 in November 2023, up from 44.8 in the previous month.

# trading range for the day is 55.71-56.13.

# JPY recovers from lows amid expectations that BoJ is getting closer to exiting the decade-long extremely accommodative monetary policy settings.

# Bets that the Fed is done raising rates cap the recent USD recovery and also exert pressure on the major.

# Data showed that Japans economy contracted faster than expected in Q3 amid slowing global demand and rising domestic inflation.