USDINR trading range for the day is 81.93-82.17- Kedia Advisory
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USDINR
USDINR trading range for the day is 81.93-82.17 Rupee ended little changed with traders waiting for fresh cues before making substantial bets India cenbank bought $254 million in spot foreign-exchange market in February India's forex reserves rise for second week, hit over 9-month high
EURINR
EURINR trading range for the day is 90.23-90.91 Euro remained supported as investors braced for further rate hikes by the ECB next week. ECB’s Schnabel told Politico that a 50 bp rate hike was not off the table Euro zone headline inflation moderated further last month but remained over three times the ECB's 2% target
GBPINR
GBPINR trading range for the day is 101.91-102.59 GBP remained supported as the UK's budget deficit widened less than expected in March, offering some support. S&P sees brighter outlook for UK credit rating as budget risks recede Money market rates show traders believe there is a 99% chance BOE will raise interest rates by a quarter of a point in May to 4.5%
JPYINR
JPYINR trading range for the day is 61.23-61.81 JPY remained supported as BOJ’s governor Ueda, has been signalling he is not in a hurry to shift policy. The BOJ is widely expected to maintain its policy of ultra-low interest rates as policymakers aim to achieve price stability. The inflation rate in Japan inched down to a six-month low of 3.2% in March
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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)