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USDINR
USDINR trading range for the day is 75.12-75.78.

USDINR dropped amid easing domestic inflation and the recommendation of an emergency nod for a COVID-19 vaccine for kids aiding sentiment.

India's retail inflation eases to 4.35% y/y in Sept

India looks at close to double digit growth this year: Finance Minister Nirmala Sitharaman

EURINR

EURINR trading range for the day is 86.9-87.52.

Euro remained under pressure amid concerns over mounting inflationary pressure due to rising energy prices

ECB President Lagarde tried to assuage the market’s inflation fear by saying she still expects supply shortages or rising energy prices to be transitory.

German economic confidence deteriorated for the fifth consecutive month to hit the lowest since March 2020

GBPINR

GBPINR trading range for the day is 102.39-103.11.

GBP dropped as traders digested UK's GDP report amid expectations the Bank of England will be hiking interest rates as soon as December.

UK economic growth picks up in August after July dip

The Bank of England urged Britons, to get ready for earlier interest rate rises as inflation pressure mounted in Britain.

JPYINR

JPYINR trading range for the day is 66.14-66.82.

JPY remained under pressure as a relentless rise in Treasury yields widened the yield advantage in favour of the greenback.

The value of core machine orders in Japan was down a seasonally adjusted 2.4 percent on month in August, coming in at 839.3 billion yen.

Japan PM Kishida: Must be cautious about issuing perpetual bonds

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