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USDINR

USDINR trading range for the day is 82.17-82.99.

USDINR dropped on expectations that the U.S. Federal Reserve could pivot to a less hawkish monetary stance after next week's meeting.

Treasury yields are well off recent highs on speculation that the Fed could opt for smaller rate increases after the November meeting.

Softer U.S. economic data has prompted traders to dial back bets of a 75 bps rate increase at the Fed meeting in December.

EURINR

EURINR trading range for the day is 82.66-83.44.

Euro remained supported amid increasing bets that the Federal Reserve will have to slow the pace of rate hikes to avoid overtightening.

ECB decided to raise the three key ECB interest rates by 75 basis points, as expected.

Germany consumer sentiment edges higher and Euro zone credit growth rises again, despite gloomy outlook

GBPINR

GBPINR trading range for the day is 95.2-96.08.

GBP rallied as investors welcomed the appointment of Rishi Sunak as prime minister.

Rishi Sunak reiterated placing economic stability and confidence at the heart of the government's agenda

Sunak decided to delay an economic strategy planned for Monday until November 17.

JPYINR

JPYINR trading range for the day is 55.74-57.52.

JPY rose as the dollar retreated sharply on growing expectations that the US Federal Reserve would soon slow the pace of its rate increases.

JPY also found support after last weeks sell off prompted Japanese authorities to intervene again in the currency market.

BOJ is widely expected to maintain ultra-low interest rates when it announces its policy decision this week in a bid to support the economic recovery

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