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10-11-2022 09:56 AM | Source: Kedia Advisory
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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