EURINR trading range for the day is 79.81-80.81 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 79.9-80.42.
* USDINR traded in a narrow range, held in check by strong domestic dollar demand from oil importers, even as the greenback weakened.
* The central bank still sees inflation as “unacceptably and uncomfortably” high even though it has plateaued since its recent peak.
* India is reporting record trade deficits, which is pressuring the country's balance of payments and the rupee even further.
EURINR
* EURINR trading range for the day is 79.81-80.81.
* Euro rose as German economy advanced 0.1% on quarter in Q2 2022, compared to preliminary estimates of a flat reading
* The Ifo Business Climate indicator for Germany edged down to 88.5 in August of 2022 from an upwardly revised 88.7 inJuly
* The consumer confidence indicator in the Euro Area rose by 2.1 points to -24.9 in August of 2022, from a record low of -27 in July
GBPINR
* GBPINR trading range for the day is 94.5-95.32.
* GBP gained as dollar’s recent rally ran out of steam and investors waited to see whether Federal Reserve Chair Jerome Powell would sound a more hawkish tone
* The Bank of England has warned that Britain is likely to slip into a recession at the end of the year, which will last until 2024
* Sterling had touched its lowest since March 2020 after PMI data showed growth in Britain's private sector slowing to a crawl in August
JPYINR
* JPYINR trading range for the day is 58.61-59.13.
* JPY gains as the Bank of Japan stressed the need to maintain massive stimulus to support a fragile economic recovery
* Japan sees economy picking up modestly, flags looming risks – govt
* BOJ policymaker vows to keep ultra-low rates, warns of economic risks
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)