* USDINR trading range for the day is 71.33-72.12.
* Rupee gained as strong momentum continued from last week following state election results and the appointment of Shaktikanta Das as the central bank governor.
* India’s forex reserves rise from $ 393.72 billion to $ 393.73 billion as on 01st Dec 2018
* India trade deficit in November at $ 16.67 billion vs 17.13 billion last month and expectations of 16.08 billion
* RBI Reference Rate for USDINR was at 71.673.
* SELL USDINR DEC 2018 @ 71.55 SL 71.70 TGT 71.42-71.28. NSE
* EURINR trading range for the day is 80.99-81.81.
* Euro dropped as the dollar rose bolstered by safe-haven buying as heightened concerns of a global economic slowdown reduced appetites for riskier assets.
* Weaker-than-expected data out of France and Germany suggested that economic activity in Europe remains weak.
* Weaker-than-expected economic data from China and Europe and fears of a possible U.S. government shutdown spooked investors away from stocks.
* RBI Reference Rate for EURINR was at 81.0717.
* SELL EURINR DEC 2018 @ 81.28 SL 81.45 TGT 81.05-80.90. NSE
* GBPINR trading range for the day is 90.2-90.79.
* GBP dropped as concerns grew that PM May’s failure to win key concessions from the European Union to salvage her Brexit deal could plunge the economy into chaos.
* Britain’s government is not preparing for a second referendum on Brexit, ministers said.
* December’s UK Rightmove House Prices (YoY) in at 0.7% vs. prior -0.2%
* RBI Reference Rate for GBPINR was at 90.1981.
* SELL GBPINR DEC 2018 @ 90.35 SL 90.55 TGT 90.15-90.00. NSE
* JPYINR trading range for the day is 63.12-63.65.
* JPY dropped as the dollar rose as worrisome political and economic news outside the United States drove a strong bid for the safety of the greenback.
* The Bank of Japan has a meeting on Dec. 19-20, at which policy is expected to remain highly accommodative as inflation remains well below the its target.
* BoJ: Japanese companies see 1.1% y/y inflation in 3 years tine, 1.2% y/y inflation in 5 years time
* BUY JPYINR DEC 2018 @ 63.40 SL 63.15 TGT 63.60-63.75. NSEAFTER POST CONTENT
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