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USDINR

USDINR trading range for the day is 79.88-81.52.

USDINR rose to all time high after the US Federal Reserve raised key interest rates by another three-quarter of a percentage point

The federal funds rate is now at its highest since early 2008, and new projections show it reaching 4.4% by the end of 2022 before topping out at 4.6% in 2023

Risks of military escalation emerged after the Kremlin announced partial military mobilization as Russia readies plans to annex eastern territories of Ukraine

EURINR

EURINR trading range for the day is 78.49-80.73.

Euro rose as weakness in Rupee supported and as investors try to assess how the ECB will be able to tame inflation without harming the economy too much.

ECB raised interest rates by an unprecedented 75 bps in September, and is expected to deliver between a 50- and a 75-bps rate hike in October.

ECB must keep raising rates despite downturn, Schnabel says

GBPINR

GBPINR trading range for the day is 89.53-92.97.

GBP remained supported after the Bank of England hiked interest rates by 50 bps to 2.25% to curb stubbornly high inflation

British finance minister Kwasi Kwarteng is due to deliver more details on the size of the government's energy support package on Friday

The central bank also voted unanimously to reduce the stock of purchased UK government bonds, financed by the issuance of central bank reserves

JPYINR

JPYINR trading range for the day is 54.64-58.38.

JPY rose after Japanese authorities intervened in the forex market for the first time since 1998 to shore up the battered yen.

The Bank of Japan maintained its key short-term interest rate at -0.1% and that for 10-year bond yields around 0%

The central bank also said that it would continue to buy unlimited amounts of the bonds to defend an implicit 0.25% cap every market day

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