*USDINR trading range for the day is 69.77-71.11.
*Rupee dropped as pressure seen after on buying by oil importers as Brent price surged above $60/barrel on global glut.
* India’s economic growth fell to a worse-than-expected 7.1 percent in the July-September quarter, dragged down by a slower consumer spending and farm growth.
* India’s growth is still faster than China’s 6.5 percent in the same quarter, but the figures were a come-down from the more than two-year high.
* BUY USDINR DEC 2018 @ 70.60 SL 70.40 TGT 70.85-70.98. NSE
* EURINR trading range for the day is 79.38-80.78.
* Euro gained as the dollar broadly weakened as investor demand for riskier assets rose after China and the United States agreed to a ceasefire in their trade war.
* Eurozone’s consumer price growth eased to its lowest level in three months in November and the core figure unexpectedly eased.
* German retail sales rebounded strongly in October, growing at the fastest pace in nearly one-and-a-half years.
* BUY EURINR DEC 2018 @ 80.25 SL 80.00 TGT 80.44-80.60. NSE
* GBPINR trading range for the day is 88.61-91.12.
* GBP gained as weakness in dollar supported after prices seen pressure as traders bet that British PM May will not be able to pass her Brexit deal.
* Prime Minister Theresa May said she was focussed on persuading MPs to back her divorce deal with the European Union in a Dec. 11 vote, rather than preparing a plan B.
* UK Minister Leadsom says amendments will be voted upon first in Brexit debate before final vote to approve deal
* SELL GBPINR DEC 2018 @ 90.00 SL 90.30 TGT 89.70-89.40. NSE
* JPYINR trading range for the day is 61.61-62.79.
* JPY gained as dollar dropped as investors piled into stocks, oil and riskier Asian currencies following a thawing of U.S.-China trade tensions over the weekend.
* BoJ’s Masai: Low rates have negative impact on bank profit, believe flexible policy helps market functioning
* Japanese manufacturing activity expanded in November at the slowest pace in more than a year as growth in new orders slowed, a revised survey showed.
* BUY JPYINR DEC 2018 @ 62.30 SL 62.10 TGT 62.48-62.65. NSEAFTER POST CONTENT
I AM LAST