USDINR trading range for the day is 81.45-82.03 - Kedia Advisory
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USDINR
USDINR trading range for the day is 81.45-82.03.
USDINR dropped as rising risks of a US recession and expectations of less aggressive policy tightening from Fed weighed
The US economy expanded 2.9% on quarter in Q4, slowing from a 3.2% growth in Q3
India's 2023/24 budget likely to be cautious, cutting deficit
EURINR
EURINR trading range for the day is 88.53-89.55.
Euro traded near the flat line as investors continued to assess the outlook for global economic growth and monetary policy
Euro zone business activity back to growth in January – PMI
German economy more resilient than feared, Bundesbank says
GBPINR
GBPINR trading range for the day is 100.22-101.14.
GBP dropped after data showed economic activity weakened further in January, underlining the risk that Britain could slip into a recession in 2023.
Factory gate prices of goods produced by UK manufacturers increased by 14.7% year-on-year in December of 2022
Britain's manufacturers unexpectedly reduced their prices in December by the most since April 2020
JPYINR
JPYINR trading range for the day is 62.65-63.59.
JPY remained in range as the Bank of Japan committed to its policy of ultra-low interest rates despite surging inflation
Japan leading index revised lower
Japan coincident index lowest in 5 months
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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)