GBPINR trading range for the day is 97.66-98.88 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 81.57-81.99.
* Rupee ended slightly weaker as GDP growth projected for the second quarter at 5.8%, down 30 basis points from average estimates.
* Rupee forward premiums rose marginally from multi-year lows.
* India cenbank to start pilot of retail digital rupee on Dec. 1
EURINR
* EURINR trading range for the day is 84.65-85.27.
* Euro dropped on fears that COVID rules and the resulting protests in China might further weigh on the global economic outlook.
* Euro zone interest rates will continue to rise to tame inflation despite the growing risk of recession, ECB policymaker Peter Kazimir said.
* The ECB remains committed to continue raising rates to dampen high inflation.
GBPINR
* GBPINR trading range for the day is 97.66-98.88.
* GBP dropped as the fresh PMI data pointed to a continuing downturn in business activity
* Chancellor Jeremy Hunt restored UK fiscal credibility by outlining in the Autumn Budget Statement a £55 billion package of tax rises and spending cuts.
* The Bank of England is seen raising interest rates by 50bps next month, below 75bps in November.
JPYINR
* JPYINR trading range for the day is 58.91-59.63.
* JPY steadied as some investors start to bet the BoJ will change monetary policy in the short-term.
* Retail sales in Japan expanded by 4.3% yoy in October 2022
* Japan’s unemployment rate remained unchanged a t 2.6% in October 20
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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)