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USDINR

USDINR trading range for the day is 82.07-83.73.

USDINR gained amid soaring inflation, trade imbalances, and relatively soft monetary tightening by the Reserve Bank of India.

Economic activity in India poised to expand, inflation to ease: RBI

The RBI's economic activity index with 27 high frequency indicators now casts GDP growth for Q2 FY23 at 6.4%.

EURINR

EURINR trading range for the day is 80.64-81.92.

Euro rose amid weakness in Rupee and the ECB is expected to deliver a 75 bps interest rate increase at its October meeting

Euro zone consumer inflation was marginally lower in September than estimated earlier, data showed

The ECB wants to keep inflation at 2% and it has been raising interest rates to curb price growth.

GBPINR

GBPINR trading range for the day is 92.32-94.28

GBP remained supported after new finance minister Jeremy Hunt said the government would reverse almost all of the tax changes

UK consumer price inflation 10.1% in September – ONS

The Bank of England is seen stepping up its interest rate hiking campaign next month to combat inflation

JPYINR

JPYINR trading range for the day is 55.06-56.

JPY gained as weakness in Rupee supported underpinned by expectations that Fed will push ahead with its aggressive tightening plans to bring down inflation.

Japan finmin says checking FX 'meticulously' and more frequently – Jiji

Japan bank lending jumps to 16-month high

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