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USDINR

USDINR trading range for the day is 81.35-82.93.

USDINR gained amid uptick in oil prices and the delay in the inclusion of local bonds into a widely followed index.

India services activity grows the least in 6 months

The S&P Global India Composite PMI slipped to 55.1 in September 2022 from 58.2 in August

EURINR

EURINR trading range for the day is 80.82-81.84.

Euro remained supported as the European Central Bank is expected to continue hiking interest rates by large increments

Factory orders in Germany fell by 2.4% month-over-month in August 2022

Villeroy urged caution about rising the deposit rate above 2% and called for a more flexible and possibly slower rate hike path in 2023.

GBPINR

GBPINR trading range for the day is 92.07-93.39.

GBP pared all gains after PM Liz Truss said the Conservative party will always be the party of low taxes

The S&P Global/CIPS UK Services PMI was revised higher to 50 in September of 2022 from a preliminary of 49.2

UK business activity slides in Sept by most since early 2021 -PMI

JPYINR

JPYINR trading range for the day is 56.45-57.37.

JPY rose despite efforts by the Japanese government to stem its slide.

Finance Minister Shunichi Suzuki warned that authorities stand ready to take “decisive” steps to counter sharp declines in the currency.

The Bank of Japan has committed to maintaining its policy of ultra-low interest rates to support a fragile economic recovery

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