EURINR trading range for the day is 87.42-88.26 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 82.28-83.04.
* Rupee rose as hawkish signals from the Federal Reserve failed to lift the dollar
* Minutes of the Fed's recent meeting that revealed that policymakers are determined to tame inflation by maintaining its aggressive stance.
* Fed officials also stated that a slower pace of rate hike in the last meeting should not be interpreted as a dovish pivot
EURINR
* EURINR trading range for the day is 87.42-88.26.
* Euro dropped after Fed minutes temper policy pivot hopes
* The trade surplus in Germany edged down to €11.1 billion in November of 2022
* The S&P Global Eurozone Construction PMI dropped to 42.6 in December 2022 from 43.6 in the previous month
GBPINR
* GBPINR trading range for the day is 98.75-100.19.
* GBP dropped as investors continued to assess the outlook of monetary policy for the Federal Reserve and the Bank of England.
* The Bank of England said inflation had already peaked, suggesting there could be a pause in the current policy tightening.
* Data showed UK CPI inflation fell to 10.7% in November, from a 41-year high of 11.1% in October.
JPYINR
* JPYINR trading range for the day is 62.14-63.26.
* JPY dropped as investors digested the latest US Federal Reserve policy meeting minutes
* Japan PM Kishida urges spurring wage hikes to avoid stagflation
* The consumer confidence index in Japan increased to 30.3 in the final month of 2022 from November's 2-1/2-year low of 28.6
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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)
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