EURINR trading range for the day is 87.62-88.28 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 82.33-83.07.
* Rupee declined after the U.S. Federal Reserve forecasts indicated no rate cuts next year.
* The annual wholesale price inflation rate in India declined to 5.85 percent in November 2022
* The Indian economy is set to grow at 7 per cent, said the Asian Development Bank.
EURINR
* EURINR trading range for the day is 87.62-88.28.
* Euro steadied after the ECB raised rates by 50 bps as expected and said rates would need to continue to rise significantly at a steady pace to tackle inflation.
* ECB raised interest rates by 50 bps, a fourth consecutive rate increase that pushed borrowing costs to the highest level in 14 years.
* German wholesale price inflation at 14-month low
GBPINR
* GBPINR trading range for the day is 101.44-102.76.
* GBP depreciated after the Bank of England tempered the pace of its rate aggression
* The Bank of England raised its key interest rate to 3.5% from 3%, its ninth rate rise in a row
* UK inflation falls from 41-year high in run-up to BoE rate decision
JPYINR
* JPYINR trading range for the day is 60.19-61.29.
* JPY dropped after the US Federal Reserve offered a more hawkish outlook on its policy than markets anticipated
* BOJ to keep ultra-low rates, hold fire until global outlook clearer
* Japan posts larger than expected trade gap
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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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The rupee future maturing on March 28 depreciated to 82.12 - ICICI Direct
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