JPYINR trading range for the day is 57.62-58.1 - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 81.86-82.06
Rupee gains as recession fears spooked investors, triggered by the hawkish speech from US Fed Chairman Powell
Fitch raises India's GDP forecast to 6.3% for current fiscal year
The rupee forward premiums have also inched up, which is helping to hold the positive sentiment in the currency.
EURINR
Observations
EURINR trading range for the day is 89.82-90.4
Euro gained supported by expectations of higher rates from the ECB
Eurozone recorded a current account surplus of EUR 4.2 billion in April 2023
The German economy will contract more than previously expected this year
GBPINR
Observations
GBPINR trading range for the day is 103.93-105.61
GBP rose as the Bank of England raised the bank rate by 50bps to 5% in June 2023
British inflation unexpectedly held steady at 8.7% in the year to May, defying predictions of a modest decline to 8.4%
Public sector net borrowing excluding banks in the UK was in deficit by £20 billion in May 2023
JPYINR
Observations???????
JPYINR trading range for the day is 57.62-58.1
JPY dropped as BOJ Governor Ueda reiterated the bank’s resolve to maintain ultra-loose monetary policy
BOJ's Noguchi: No need to make operational tweaks to YCC for time being
Too early for japan to tweak monetary policy: BoJ Adachi
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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)
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Weekly Currrency Outlook By ICICI Direct