USDINR trading range for the day is 75.14-75.6 - Kedia Advisory
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USDINR
USDINR trading range for the day is 75.14-75.6.
USDINR dropped as investor confidence grew on signs that omicron might be less severe than feared.
RBI Governor for continued policy support to nurture economic revival: MPC minutes
BofA expects 8.2% GDP growth for India next fiscal with more downside risks
EURINR
EURINR trading range for the day is 85.29-85.72.
Euro dropped amid concerns over Europe's slowing economic growth as the region struggles with surging prices and new COVID restrictions.
The Netherlands went into lockdown due to the rapid spread of Omicron and Britain's health minister declined to rule out further restrictive measures
The consumer confidence indicator in the Euro Area fell by 1.5 points from a month earlier to -8.3 in December of 2021
GBPINR
GBPINR trading range for the day is 100.78-101.3.
GBP dropped due to mounting concerns over the spread of Omicron and the impact of fresh COVID restrictions on the economy's recovery.
British manufacturers reported a near-record inflow of new orders this month but also a worsening shortage of stocks of finished goods
The current account deficit in the UK widened sharply to GBP 24.4 billion or 4.2% of the GDP in the third quarter of 2021
JPYINR
GBPINR trading range for the day is 100.78-101.3.
GBP dropped due to mounting concerns over the spread of Omicron and the impact of fresh COVID restrictions on the economy's recovery.
British manufacturers reported a near-record inflow of new orders this month but also a worsening shortage of stocks of finished goods
The current account deficit in the UK widened sharply to GBP 24.4 billion or 4.2% of the GDP in the third quarter of 2021
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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)