JPYINR trading range for the day is 56.62-57.28 - Kedia Advisory
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USDINR
USDINR trading range for the day is 82.19-83.05.
Rupee tumbled to a fresh record low after the U.S. jobs report stoked bets of more large Federal Reserve rate hikes
The Reserve Bank of India reportedly sold dollars again through state-run banks to support its currency.
World Bank lowers India's GDP growth forecast to 6.5% from 7.5% for 2022-23
EURINR
EURINR trading range for the day is 79.57-81.15.
Euro continued to depreciate after a US jobs report gave a boost to the dollar and supported higher interest rate hikes by the Federal Reserve.
Euro remains under pressure amid fears about a looming recession in the Eurozone, making it more difficult for the ECB to tighten the monetary policy
Euro zone investor morale drops for third month – Sentix
GBPINR
GBPINR trading range for the day is 90.64-92.24.
GBP dropped as investors have been growing worried about the implications of tighter financial conditions on the growth momentum.
BoE must stay the course on inflation fight, Ramsden says
UK business inflation expectations rise in September - BoE
JPYINR
JPYINR trading range for the day is 56.62-57.28.
JPY dropped as dollar index firmed up underpinned by stronger-than-expected US jobs data
Japan PM Kishida warns against sharp, one – sided yen falls
Japan foreign reserves drop after intervention
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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)