GBPINR trading range for the day is 94.74-96.84 - Kedia Advisory
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USINR
* USDINR trading range for the day is 77.84-78.18.
* USDINR dropped due to softening in crude prices globally and likely inflows into local stocks.
* India central bank not behind curve, targeting soft landing for economy, governor says
* Global economic worries countered concerns around aggressive monetary tightening by Fed, with focus being on several central bankers' views this week.
EURINR
* EURINR trading range for the day is 81.95-82.51.
* Euro steadied as markets focused on the European Central Bank's tools to fight fragmentation in the currency bloc
* Euro zone inflation confirmed at record high 8.1% in May
* French President Emmanuel Macron lost an absolute majority in the country's parliamentary election.
GBPINR
* GBPINR trading range for the day is 94.74-96.84.
* GBP dropped as the BoE’s rate hike did not match the 75 bps increase from the Federal Reserve and an unexpected 50bps raise from the Swiss National Bank.
* BoE's new message that it may have to act "forcefully" on interest rates is not unconditional and depends on the persistence of inflation pressures
* Net short pound positions fell for a third consecutive week, according to latest positioning data as some traders have cut back on their bearish pound bets.
JPYINR
* JPYINR trading range for the day is 57.68-58.2.
* JPY dropped after BOJ renewed its commitment to ultra-easy policy and bucked the trend among global peers to rapidly raise interest rates.
* Kuroda: Recent rapid yen weakening undesirable as it raises uncertainty
* The BOJ made a rare reference to the currency market, saying it needed to watch its impact on the economy and markets.
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
![Euro remained under pressure on Thursday amid weaker set of economic numbers from Euro zone - ICICI Direct](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/c49d5573f54fd1fe07309fbce5369a52.jpg)
![USDINR is trading near all time low and we might see some RBI intervention but as long as 82.80 - Tradebulls Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/0732326f21b0692a41afc4432d1a7a56.jpg)
![GBPINR broke down below its 100 DMA yesterday and closed with a big bearish candle around 103.82 - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2023/09/842b8e5254d53919452a82c7f06190bd.jpg)
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EURINR is trading near to recent support level of 84.4-84.35 and if it holds this level then...
![Dollar drifts below one-year high as payrolls test looms large - Swastika Investmart](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/10/4fe937ffd542dab0735de52d552c0ccd.jpg)
![EURINR opened with a downward gap however buying momentum throughout the session - Axis Securities](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/12/a31480e796f5c618963f18b3298a8ce9.jpg)
![The USD/INR futures pair has support at 79.70 levels whereas resistance is placed at 80.10 levels - Monarch Networth Capital](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2022/08/602d95f92181982108ba42ac9af0027f.jpg)