USDINR trading range for the day is 81.34-81.9 - Kedia Advisory
USDINR
USDINR trading range for the day is 81.34-81.9.
Rupee sank to a new record low following the pound's tumble and fears over more aggressive monetary tightening.
S&P projects India's GDP growth at 7.3% for FY23
RBI to raise rates again, slim majority of economists expect 50 bps hike
EURINR
EURINR trading range for the day is 78.08-79.52.
Euro hovered around its weakest level since June 2002, as recession fears mounted and as investors digested Italy's election results.
Economic data showed the Eurozone's business activity contracted for a third consecutive month in September, and should continue fallingGerman business morale tumbles to over 2-year low
German business morale tumbles to over 2-year low
GBPINR
GBPINR trading range for the day is 84.05-89.98.
GBP dropped to an all-time low after the government announced several tax cuts, in an attempt to boost economic growth.
The government estimates the tax cuts will total £45 billion by 2026-27, but investors worry that public debt levels will soar
The Bank of England hiked interest rates for a seventh straight time to combat inflationary pressure
JPYINR
JPYINR trading range for the day is 56.37-57.09.
JPY dropped as Japan Manufacturing PMI falls to 20-month low
Japan services sector rebounds
Japan composite PMI rises to 3-month high
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory