USDINR trading range for the day is 72.94-73.56 - Kedia Advisory
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USDINR
USDINR trading range for the day is 72.94-73.56.
USDINR gained after the government, announced plans to raise additional funds from the market over the next two months to bridge a deficit
India's finance minister, Nirmala Sitharaman, set a fiscal deficit target of 6.8% of GDP for the year ending March 2022
India's Jan factory activity at 3-mth high, manufacturing PMI rises to 57.7
EURINR
EURINR trading range for the day is 88.24-89.1.
Euro dropped as dollar found support with traders remaining wary amid the battle on Wall Street between hedge funds and retail investors.
The ECB and the Eurosystem have many excellent monetary economists, so everything is considered at some level, Lane told.
ECB's Knot: stock market rally could be fuelled by recovery hopes
GBPINR
GBPINR trading range for the day is 99.97-100.95.
GBP gained boosted by a combination of heightened global risk appetite and optimism about the UK's vaccine rollout.
The possibility of the Bank of England cutting rates presents another downside risk for the pound
UK retailers report biggest annual price falls since May
JPYINR
JPYINR trading range for the day is 69.67-70.21.
JPY remained in range after the release of better than expected economic data
Japan's unemployment rate steadied at 2.9% in December, while industrial production fell 1.6% in December
Japan's housing starts declined further in December
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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)