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USDINR

USDINR trading range for the day is 81.66-82.64.

USDINR dropped amid expectations of eased import inflation, driven by US jobs report drove losses for the greenback and lower oil prices

India's fx reserves jump likely fuelled by revaluation, forward book changes

The S&P Global India Services PMI was up to 55.1 in October 2022 from September's six-month low of 54.3

EURINR

EURINR trading range for the day is 81.35-82.63.

Euro rose on expectations that the ECB will be tightening monetary policy further to tame stubbornly high inflation.

ECB President Lagarde said the bank should keep raising interest rates, even if the probability of a Eurozone recession had increased.

Germany industrial output rises more than expected

GBPINR

GBPINR trading range for the day is 92.57-95.07.

GBP rose amid expectations of continued policy tightening by BOE as the UK inflation rate hit a 40-year high and as fiscal uncertainty continued.

British Finance Minister Jeremy Hunt is set to outline up to £60 billion of tax rises and spending cuts next

The S&P Global/CIPS UK Services PMI was revised higher to 48.8 in October of 2022 from a preliminary of 47.5

JPYINR

JPYINR trading range for the day is 55.68-56.72.

JPY gained on hopes for a shift in Japan’s yield curve control policy offset a hawkish messaging from the US Federal Reserve.

Japan’s Services PMI stood at 53.2 in October of 2022, compared with a 52.2 in the prior month

Japan’s Composite PMI was at 51.8 in October 2022, compared with 51.0 a month earlier

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