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USDINR

USDINR trading range for the day is 80.71-81.69.

Rupee closed higher as large corporate dollar outflows were countered by a softer greenback and a stronger Chinese yuan

The dollar weakened testing the 106 mark for the first time in three months

India's October trade deficit widens to $26.91 billion

EURINR

EURINR trading range for the day is 83.52-85.08

Euro rose as the European Central Bank is seen tightening monetary policy further to tame stubbornly high inflation

ECB will probably keep raising rates beyond 2% level – Villeroy

The ECB will probably continue to raise interest rates beyond 2%, but "jumbo" rate hikes will not become a new habit

GBPINR

GBPINR trading range for the day is 95.25-96.67

GBP rose as strong pay growth data in the UK kept pressure on the Bank of England to continue raising rates despite signs of economic downturn.

Morgan Stanley sees 150 bps BoE rate cuts in 2024

BOE will likely maintain its policy tightening path as the UK inflation rate is running at a 40-year high and as the economy heads into recession

JPYINR

JPYINR trading range for the day is 57.66-58.68.

JPY remained supported after BOJ Governor Kuroda said this week that the central bank would stick to monetary easing to support the economy.

Japan economy contracts at annualized 1.2% in Q3

Japan industrial output down for 1st time in 4 months

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