JPYINR trading range for the day is 57.68-58.46. - Kedia Adisory
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USDINR
* USDINR trading range for the day is 79.94-80.44.
* Rupee hits record low on bets the Federal Reserve will keep a restrictive stance for longer, prompting the Reserve Bank of India to step in.
* The dollar index climbed to its highest level in 20 years, boosted by higher short-term U.S. yields and risk aversion.
* Current account gap will be within manageable levels, Das said, adding that exports are likely to pick up in the coming months
EURINR
* EURINR trading range for the day is 79.54-80.56.
* Euro dropped amid concerns over rising borrowing costs as central banks around the world signal interest rates will continue to rise to tame inflationary pressures.
* ECB board member Isabel Schnabel said central banks must now act forcefully to combat inflation.
* Fed Chair Powell reiterated the need for restrictive monetary policy for some time to bring inflation down.
GBPINR
* GBPINR trading range for the day is 93.29-94.35.
* GBP dropped as dollar surged after Fed Chair Powell said interest rates will remain high in the US for an extended time to control inflation.
* Goldman Sachs believes the UK economy will experience a recession in Q4
* The Confederation of British Industry's order book balance fell to -7 in the three months to August of 2022 from 8 in July
JPYINR
* JPYINR trading range for the day is 57.68-58.46.
* JPY dropped as Japan leading economic index lowest in 3 months
* BOJ member Toyoaki Nakamura stressed the need to maintain massive stimulus to support a fragile economic recovery
* Japan coincident index highest in near 3 years
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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)