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USDINR

Observations

USDINR trading range for the day is 83.19-83.51.

Rupee fell because of month-end dollar demand, and as U.S. Treasury yields gained.

The U.S. Federal Reserve may need to raise rates further given the resilience of the economy

S&P retains India’s growth forecast at 6%; expects higher inflation and no rate cut this year

EURINR 

Observations 

EURINR trading range for the day is 88.15-88.71.

Euro dropped as there are indications that the European Central Bank might halt its interest rate hikes

ECB Lagarde stated that policymakers believe the bank's policy rates have reached levels that, if maintained for an extended period

Investors are now eagerly awaiting key inflation data from both the Eurozone and the US, which is scheduled to be released later this week.

GBPINR 

GBPINR trading range for the day is 101.39-101.93.

GBP dropped as jitters across asset classes hurt the currency already bruised by markets' reevaluation of the Bank of England's rate outlook.

The Confederation of British Industry's monthly balance of retail sales increased by 30 points from the previous month,

British business activity showed companies endured a much tougher September than feared

JPYINR 

Observations 

JPYINR trading range for the day is 56.25-56.53.

JPY weakened and sinking deeper into levels that could prompt government intervention.

BOJ remained committed to ultra-easy monetary policy even as other major central banks embarked on an aggressive tightening campaign.

Data showed that the country’s headline inflation rate slowed to 3.2% in August from 3.3% in July