EURINR trading range for the day is 87.26-87.6 - Kedia Advisory
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USDINR
USDINR trading range for the day is 74.29-74.45.
USDINR ended steady because state-owned and private banks persistently absorbed foreign banks' dollar sales for overseas investments.
RBI's Das: Inflationary pressures are a concern, inflation is transitory, and policy is required to support growth
India's foreign exchange reserves rose to $621.46 billion compared with $620.58 billion a week earlier.
EURINR
EURINR trading range for the day is 87.26-87.6.
Euro steadied as the euro zone posted a large surge in its trade surplus with the rest of the world in June from May
Germany's wholesale prices increased at the fastest pace since 1974, largely due the low base effect
Investors turned to the dollar amid expectations of early tapering by the US Federal Reserve.
GBPINR
GBPINR trading range for the day is 102.48-102.94
GBP dropped as investors looked for fresh catalysts after Britain’s growth figures for the second quarter came in as expected.
GDP figures, which came in line with expectations added to signs Britain’s economy is on a path to recovery.
The UK economy recovered at a stronger pace in the second quarter as the easing of coronavirus restrictions boosted consumer spending
JPYINR
JPYINR trading range for the day is 67.27-67.67.
JPY remained supported as producer prices in Japan were up 5.6 percent on year in July, the Bank of Japan said
Japan's export boom extended into in July but consumer prices likely fell
Traders are anticipating that the economic recovery in Japan will take longer
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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)