EURINR trading range for the day is 87.85-89.67 - Kedia Advisory
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USDINR
USDINR trading range for the day is 74-75.56.
USDINR dropped as investors remained concerned about the negative impact of rising COVID cases on India's growth outlook
RBI held interest rates at record-low levels and pledged to maintain its accommodative monetary policy
The RBI announced a secondary market government securities acquisition programme
EURINR
EURINR trading range for the day is 87.85-89.67.
Euro recovered from lows due to weakness in Rupee and German industrial orders rose for the second month in a row in February driven by strong domestic demand
The euro zone economy is poised for up to five years of private consumption above pre-pandemic levels once Europe's households are able to spend freely again
ECB's Knot says if the central bank's baseline forecasts hold up, the ECB can start phasing out PEPP from Q3 and end purchases in March 2022
GBPINR
GBPINR trading range for the day is 101.98-103.44.
GBP dropped on profit booking after prices rallied supported by the prospect of a quicker economic recovery in the UK.
Prime Minister Boris Johnson confirmed a planned re-opening of the economy would take place next week.
The UK service sector logged a strong rebound in March as activity, new orders and employment picked up from February
JPYINR
JPYINR trading range for the day is 67.43-69.11.
JPY gains amid continuing easy monetary policy both domestically and abroad.
Japan's current account surplus narrowed to JPY 2916.9 billion in February of 2021
Japan's leading index increased to the highest level in nearly three years in February
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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)