USDINR trading range for the day is 81.06-82.28 - Kedia Advisory
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USDINR
USDINR trading range for the day is 81.06-82.28
Rupee strengthened after the Reserve Bank of India raised the key lending rate by an expected 50 basis points
India's forex reserve adequacy considered while managing volatile rupee – RBI's Das
The RBI has now raised rates by a total 190 basis points since its first unscheduled mid-meeting hike in May
EURINR
EURINR trading range for the day is 79.25-81.03.
Euro settled flat as investors are betting the European Central Bank will get more aggressive on raising interest rates
Germany's 10-year government bond yield held above 2.1%, the highest level since December 2011
The latest CPI numbers showed inflation rate in Germany surged more than expected in September to a fresh record high of 10%.
GBPINR
GBPINR trading range for the day is 89.41-92.25.
GBP rose as some calm returned to foreign exchange markets buoyed by Bank of England steps to reassure markets.
British Prime Minister Liz Truss defended economic plans that have triggered chaos in the country's markets.
UK GDP annual growth rate revised higher
JPYINR
JPYINR trading range for the day is 56.33-57.09.
JPY dropped as persistent concerns about surging inflation, rising interest rates and a highly uncertain global economic outlook weighed on sentiment
Japan retail sales grow the most in 15 months
Japan to confirm size of yen – buying intervention, eyes on size of war – chest
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
