GBPINR trading range for the day is 102.96-103.76 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 74.62-75.1.
* USDINR dropped as expectations mount of faster monetary policy tightening in other countries.
* However investors remain concerned about the effects of a spike in energy costs on global inflation and growth.
* India's September WPI inflation eases to 10.66% y/y
EURINR
EURINR trading range for the day is 86.94-87.52.
Euro remained in range driven by gloomy sentiment on renewed worries around China's property sector.
Euro zone current account surplus falls sharply in August
More expensive energy and services boosted euro zone inflation as expected in September, data showed, with core inflation also higher.
GBPINR
GBPINR trading range for the day is 102.96-103.76.
GBP remained firm over firming expectations that the Bank of England (BOE) will hike interest rates as soon as November 2021.
A November hike could make the BoE the first major central bank to increase rates since the beginning of the COVID-19 pandemic early last year.
The UK budget registered its second biggest deficit for the month of September since the records began in 1993
JPYINR
JPYINR trading range for the day is 65.4-65.9.
JPY recovered amid fresh worries about the weakening Chinese property sector as a possible default by China Evergrande looms within days.
BOJ says Japan's banking system stable, warns of risks
Japan posted a merchandise trade deficit of 622.8 billion yen in September, the Ministry of Finance said.
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