EURINR trading range for the day is 84.47-86.33 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 81.49-82.07.
* Rupee recovered as investors reassessed the outlook for monetary policy and growth while forward premiums declined more to slip below a key level.
* India's economy likely slowed to annual 6.2% in July-Sept
* S&P cuts India's FY23 GDP growth forecast by 30 bps to 7%
EURINR
* EURINR trading range for the day is 84.47-86.33.
* Euro remained supported as Euro zone credit growth remains brisk despite gloomy outlook
* Wages could keep pressure on euro zone inflation for years, ECB's Lane says
* Euro zone downturn eased in Nov but demand still falling – PMI
GBPINR
* GBPINR trading range for the day is 98.34-99.2.
* GBP remained under pressure as fresh PMI data pointed to a continuing downturn in business activity
* BoE's Ramsden favours more rate hikes, but sees potential for cuts
* The Bank of England is seen raising interest rates by 50bps next month, below 75bps in November.
JPYINR
* JPYINR trading range for the day is 58.88-59.74.
*JPY gained as a growing unrest in China over its strict Covid restrictions dented risk sentiment and spurred haven demand for the currency.
* Japan's Kishida rules out changing policy agreement with BOJ
* Investors also continued to assess the outlook for growth and monetary policy
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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)