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USDINR

USDINR trading range for the day is 82.04-82.68.

USDINR dropped as the WPI inflation eased to 10.7 per cent in September as against 12.41 per cent in August, 2022.

Pressure also seen after intervention by the central bank in both spot and forwards.

India's festival spending booms despite inflation worries, global slowdown

EURINR

EURINR trading range for the day is 79.81-81.09.

Euro remained in range after a ECB policymaker flagged recession risks and investors grew wary of pricing in more aggressive monetary tightening.

The ECB is prepared for a possible technical recession paired with high inflation, which must be brought down to maintain market confidence

Euro zone posts record trade deficit in August amid soaring energy prices

GBPINR

GBPINR trading range for the day is 91.96-93.84.

GBP rose helped by reports the British government will reverse more of its controversial mini-budget

UK BoE rate futures pare back tightening expectations, show 50/50 split between rates rising to 3% or 3.25% on November 3.

UK economy on brink of recession as it shrinks in August

JPYINR

JPYINR trading range for the day is 55.68-56.22.

JPY depreciated as BOJ vowed to maintain ultra-easy monetary policy despite clear indications that other major central banks will tighten further

BoJ's Governor Kuroda: Japan's inflation is likely to be below 2% next year.

Japanese Finance Minister Shunichi Suzuki reiterated that the government was ready to take “decisive” action to counter rapid yen declines

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