USDINR trading range for the day is 78.11-78.51 - Kedia Advisory
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USDINR
* USDINR trading range for the day is 78.11-78.51.
* USDINR ended down tracking easing crude oil prices and likely inflows into local stocks.
* Govt aims to keep FY2023 fiscal deficit at last year's level
* The U.S. dollar remained under pressure hurt by Treasury yields wallowing near two-week lows amid rising concerns of a recession.
EURINR
* EURINR trading range for the day is 81.81-83.11.
* Euro dropped after weak German and French PMI data confirmed the eurozone economy was struggling to gain traction
* The S&P Global Eurozone Services PMI dropped to 52.8 in June 2022 from 56.1 in the previous month
* The S&P Global Germany Services PMI fell to 52.4 in June of 2022 from 55 in May
GBPINR
* GBPINR trading range for the day is 95.04-96.32.
* GBP dropped remained vulnerable to political risks and recession fears.
* The PMI's preliminary composite index held at 53.1 in June, above the forecast of 52.6, and unchanged from May.
* Public sector net borrowing excluding public sector banks in the UK was £14.0 billion in May 2022
JPYINR
* JPYINR trading range for the day is 57.53-58.17.
* JPY gained as the Bank of Japan adhered to its low-yield, stimulative policy
* The au Jibun Bank Japan Services PMI climbed to 54.2 in June of 2022 from a final 52.6 in May
* The au Jibun Bank Japan Manufacturing PMI declined to 52.7 in May 2022 from a final 53.3 a month earlier
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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)
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