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USDINR

USDINR trading range for the day is 81.35-82.29.

Rupee weakened to reverse most of previous day's gains owing to dollar demand from importers and banks, while investors braced for a key U.S. inflation report.

The annual inflation rate in the US slowed for a 4th month to 7.7% in October, the lowest since January

India cenbank's monetary committee discusses report on inflation target miss

EURINR

EURINR trading range for the day is 80.94-82.56.

Euro dropped as investors remained cautious ahead of US CPI data, which could influence the pace of future interest rate hikes by the Federal Reserve

Euro zone downturn deepened in Oct, winter recession likely – PMI

Eurozone retail sales rose by 0.4 percent from a month earlier in September 2022 as widely expected by markets

GBPINR

GBPINR trading range for the day is 92.92-93.68.

GBP dropped as outlook for the UK economy is gloomy, with the BOE warning last week of the risk of a two-year recession in Britain.

British Finance Minister Jeremy Hunt is set to outline up to £60 billion of tax rises and spending cuts

Bank of England officials are no inflation 'nutters', Pill says

JPYINR

JPYINR trading range for the day is 55.89-56.25.

JPY remained in range amid hopes for a shift in Japan’s yield curve control policy and fears about stealth intervention.

BoJ Kuroda hinted at a possible adjustment in the yield curve control policy “if the achievement of our 2% inflation target comes into sight.”

BOJ Kuroda: No desire to get re – appointed for another term

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