GBPINR trading range for the day is 92.36-93.54 - Kedia Advisory
USDINR
* USDINR trading range for the day is 78.92-79.66.
* Rupee rose to an over one-month high spurred by foreign inflows into local debt and equity markets.
* The annual inflation rate in the US eased for a second straight month to 8.3% in August, the lowest since April
* Higher-than-expected India's retail inflation data fueled expectations for a more rapid rate hike by the Reserve Bank of India.
EURINR
* EURINR trading range for the day is 80.14-81.06.
* Euro dropped as eurozone investor morale lowest since 2008
* German inflation rate confirmed at 7.9% in August
* The ZEW Indicator of Economic Sentiment for Germany fell for a third month to -61.9 in September of 2022 from -55.3 in August
GBPINR
* GBPINR trading range for the day is 92.48-93.32.
* GBP steadied as the jobless rate in the UK fell to 3.6% in the three months to July of 2022, the lowest reading since 1974
* Average weekly earnings including bonuses in the UK increased by 5.5% year-on-year to GBP 613 in the three months to July of 2022
* Further evidence of a tighter job market comes ahead of the UK August inflation reading due on Wednesday
JPYINR
* JPYINR trading range for the day is 55.62-56.12.
* JPY recovered most of its losses as Japan business mood improves in Q3
* Japan producer prices rise for 18th month
* BOJ set to end COVID – relief scheme, but no change to loose policy
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory