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USDINR

USDINR trading range for the day is 82.19-82.63.

USDINR settled flat after foreign banks sold the greenback and on likely Reserve Bank of India intervention.

Fed policymakers judged that the Fed needed to move to, and then maintain, a more restrictive policy stance in order to promote maximum employment and price stability.

Annual inflation rate in India increased to a five-month high of 7.41% in September of 2022 from 7% in August

EURINR

EURINR trading range for the day is 79.83-80.49.

Euro remains under pressure amid fears about a looming recession in the Eurozone

ECB's Villeroy lays out plan for shrinking balance sheet

The S&P Global Composite PMI for the Eurozone was revised lower to 48.1 in September of 2022 from a preliminary of 48.2

GBPINR

GBPINR trading range for the day is 89.7-92.28.

GBP weakened as the Bank of England Governor Andrew Bailey stated the BoE would halt its intervention in the gilt market at the end of the week.

BoE signals to lenders it is prepared to extend bond purchases

UK industrial output falls more than expected

JPYINR

JPYINR trading range for the day is 56.24-56.66.

JPY weakened past 146 per dollar, sinking to its lowest in 24 years as Japan machinery orders drop to 6-month low

Yen has come under constant pressure due to a widening policy divergence, as the Bank of Japan committed to ultra-easy policies to support a fragile economy

The Reuters Tankan sentiment index for manufacturers in Japan dropped to 5 in October 2022, falling to its lowest in five months

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