GBPINR trading range for the day is 94.35-96.71 - Kedia Advisory
USDINR
* USDINR trading range for the day is 79.68-80.26.
* USDINR rose as red-hot US inflation data raised fears of more aggressive policy tightening by the U.S Federal Reserve.
* India on course to become world's fastest-growing economy, says RBI
* Knock-on effects of geopolitical spillovers are visible in several sectors, tapering the pace of recovery, the central bank said.
EURINR
* EURINR trading range for the day is 80.29-82.05.
* Euro remained supported amid a slight pullback in the dollar
* Investors dialed back expectations for a bigger full percentage point rate hike from the Federal Reserve.
* The ECB is only expected to raise key rates by 25bps later this month, the first increase in more than 11 years
GBPINR
* GBPINR trading range for the day is 94.35-96.71.
* GBP rose as sentiment remained slightly upbeat, helped by less hawkish bets for the US Federal Reserve's looming interest rate decision.
* But the UK currency's rally was capped by political risks and persistent recession fears in Britain.
* Traders also worry about the outlook for the UK economy, with concerns inflation in Britain could end up persistently higher than elsewhere
JPYINR
* JPYINR trading range for the day is 57.55-58.27.
* JPY gained as the dollar index eased as traders reassessed the Federal Reserve’s policy tightening path
* Chief Cabinet Secretary Hirokazu Matsuno said the government is concerned about the yen’s rapid decline and added that it will closely monitor the foreign exchange market
* Japanese Finance Minister Shunichi Suzuki warned against "speculative moves" seen behind a rapid yen weakening
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