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USDINR

* USDINR trading range for the day is 82.8-83.2.

* Rupee declined after Fed Chair Powell noted that interest rate hikes might have to rise more than what was previously expected.

* The Fed signalled smaller rate increases in the future to assess the impact of its policy tightening on the economy.

* Rupee better than other currencies; liquidity will ease: RBI Governor Das

EURINR

* EURINR trading range for the day is 80.49-82.21.

* Euro dropped as investors continued to assess a more hawkish than expected messaging from the US Federal Reserve.

* Euro zone factory downturn deepened in Oct as demand slumped

* Inflation in the bloc surged more than expected last month, official data showed

GBPINR

* GBPINR trading range for the day is 92.52-95.52.

* GBP dropped as UK services sector shrinks for 1st time since February 2021

* The Bank of England raised interest rates to 3% from 2.25%, its biggest rate rise since 1989

* The S&P Global/CIPS UK Composite PMI went down to 48.2 in October of 2022 from 49.1 in September

JPYINR

* JPYINR trading range for the day is 55.89-56.81.

* JPY dropped as a hawkish messaging from the US Federal Reserve offset hopes for a shift in Japan’s yield curve control policy

* Japan issues emergency alert and advises residents to seek shelter

* The au Jibun Bank Japan Manufacturing PMI was at 50.7 in October of 2022

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