GBPINR trading range for the day is 95.2-96.08 - Kedia Advisory
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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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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)