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USDINR

USDINR trading range for the day is 82.35-83.53.

USDINR dropped as the Reserve Bank of India likely sold dollars to support the sliding local unit.

India's economic growth outlook stagnates, stuck in lower gear

U.S. job market demand remained strong and underlying inflation pressures had probably not yet peaked

EURINR

EURINR trading range for the day is 80.71-81.8.

Euro seen pressured driven by surging bond yields and heightened economic uncertainties.

The ZEW Indicator of Economic Sentiment for Germany rose slightly by 2.7 points to -59.2 in October 2022

The Euro Area posted a current account deficit of EUR 20.21 billion in August 2022

GBPINR

GBPINR trading range for the day is 92.14-93.88.

GBP weakened after hotter-than-expected UK consumer price inflation and fears of a deeper recession in Britain

British Prime Minister Liz Truss resigned

A recession in Britain could lead the BoE to increase rates by 75 basis points rather than 100 bps at its November meeting.

JPYINR

JPYINR trading range for the day is 55.1-55.76.

JPY dropped on bets for further Fed tightening and Japan has committed to ultra-low interest rates to support the economic recovery

Bank of Japan to conduct emergency bond buying as yields rise

Japan's trade deficit surged to JPY 2,094.0 billion in September 2022 from a JPY of 636.9 billion in the same month a year earlier

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