USDINR trading range for the day is 82.44-83.14 - Kedia Advisory
USDINR
* USDINR trading range for the day is 82.44-83.14.
* USDINR remained in range amid a record-low drop in the Chinese yuan, with outlook steering toward slower monetary policy tightening.
* India's fiscal, monetary authorities should be watchful, finance ministry says
* India to be among fastest growing economies despite global challenges
EURINR
* EURINRtrading range for the day is 81.41-81.89.
* Euro seen supported as investors cheered signs that the Federal Reserve might let up on rate hikes and that the energy crisis is easing.
* The ECB is widely expected to raise rates by 75 basis points for the second consecutive meeting on Thursday, taking the deposit rate to 1.5%.
* German Ifo survey data showed that business sentiment stayed at a two-year low this month
GBPINR
* GBPINR trading range for the day is 92.98-94.38.
* GBP gains as investors now hope the new government could offer more predictability and stability and help calm financial markets.
* Moody's cuts UK outlook to 'negative' on policy uncertainty
* The S&P Global/CIPS UK Services PMI fell to 47.5 in October of 2022 after stagnating in the previous month
JPYINR
* JPYINR trading range for the day is 55.35-55.85.
* JPY remained in range amid Bank of Japan’s divergent monetary policy and the country’s reliance on foreign goods.
* The BOJ is expected to maintain ultra-low interest rates when it meets later this week in a bid to support the economic recovery
* BOJ's Kuroda says must watch FX impact on economy
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