EURINR trading range for the day is 84.16-85.6 - Kedia Advisory
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USDINR
USDINR trading range for the day is 74.22-74.74.
USDINR dropped as investors got confidence as the country reported its October inflation at 4.48%, within the RBI’s target range
India's Oct merchandise exports grow 43.05% y/y – trade ministry
WPI in October at five-month high of 12.54%
EURINR
EURINR trading range for the day is 84.16-85.6.
Euro dropped amid concerns about COVID-19 outbreaks and as Europe’s central bank chief pushed back against the need to act to tame inflation.
ECB vice president fears weaker growth, longer inflation spike
ECB's De Cos says interest rates hike is unlikely in 2022
GBPINR
GBPINR trading range for the day is 99.84-100.52.
GBP settled flat as British employers added 160,000 workers to their payrolls in October
The Bank of England, weighing up when to raise interest rates, is watching closely for how the labour market holds up after the scheme expired
Data showed the unemployment rate fell to 4.3% in the three months to September.
JPYINR
JPYINR trading range for the day is 64.99-65.55.
JPY dropped after China’s President Xi told U.S. President Biden that the two countries should strengthen communication and co-exist peacefully.
BOJ's Kuroda projects inflation approaching 1% mid-next year
Japan economy to recover to pre-COVID level in 2022 1st half
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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)