GBPINR is consolidating in small range in recent days,further move can be seen after the range breakout - Swastika Investmart
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/0a5f169fc088ac6508589a5f2bcff422.jpg)
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DAILY CURRENCY MARKET UPDATES
NEWS IN HEADLINE
* PBOC sets USD/CNY reference rate at 6.9793 vs. 6.9681 previous
* AUD/USD bulls take a breather around 0.6750 amid doubts on China Covid conditions
* GBP/USD drops to near 1.2000 as risk-off soars amid a festive week
CHART OF THE DAY
OUTLOOK:
GBPINR: GBPINR is consolidating in small range in recent days , further move can be seen after the range breakout , however 100.0 is immediate support level and on the upside 100.70 act as a resistance, where move above 100.70 it can lead some upside momentum towards 100.90 while if it slips below 100.0 it may head towards 99.60-99.80 zone.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
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![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)