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USDINR

USDINR trading range for the day is 82.71-82.99.

USDINR dropped amid reports that the RBI resumed dollar selling activity through state-run banks to support the domestic currency

A chorus of hawkish remarks from US Federal Reserve officials also supported

Fed’s Harker saying the central bank is likely to raise rates to “well above” 4% this year and hold them at restrictive levels for a while.

EURINR

EURINR trading range for the day is 81.09-81.81.

Euro rose as the ECB is expected to deliver a 75 bps interest rate increase at its October meeting despite ongoing recession risks.

The S&P Global Composite PMI dropped further to 47.1 in October 2022, the lowest since November 2020 from 48.1 in the previous month

The Euro Area posted a current account deficit of EUR 20.21 billion in August 2022

GBPINR

GBPINR trading range for the day is 92.58-94.1.

GBP rose finding relief from the likelihood that former finance minister Rishi Sunak would become Britain's next prime minister

Moody’s downgraded the UK’s sovereign credit rating outlook to negative from stable and affirmed the debt grade at ‘Aa3’

UK consumers remain close to gloomiest on record - GfK

JPYINR

JPYINR trading range for the day is 55.26-55.8

JPY gained on suspected intervention by the Bank of Japan, but struggled to hold its gains against a robust U.S. dollar.

Japan's inflation hits 8-year high in test of BOJ's dovish policy

Japan will respond appropriately to excessive FX moves, finmin says

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