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USDINR

Observations

USDINR trading range for the day is 83.02-83.36.

Rupee closed stronger as a pullback in the dollar index and steady crude oil prices offered some relief to the local unit.

Core PCE prices in the US, increased by 0.1 percent month-over-month in August 2023, the least since November 2020

India's fiscal deficit increased to INR 6.43 trillion in April-August 2023-24

SELL USDINR OCT @ 83.4 SL 83.55 TGT 83.25-83.12. 

EURINR 

Observations

EURINR trading range for the day is 87.92-88.58.

Euro gains as investors were digesting a batch of inflation data from the Eurozone.

The latest CPI report showed that inflation across the 20 countries slowed more than expected to 4.3% in September

German import prices dropped by 16.4% year-on-year in August 2023

SELL EURINR OCT @ 88.2 SL 88.4 TGT 87.95-87.75. 

GBPINR

Observations

GBPINR trading range for the day is 101.52-102.32.

GBP bounced back after data showed that Britain's economy had performed better.

The latest GDP report indicated that Britain's economy grew by 0.2% in the second quarter

Business investment in the United Kingdom rose 4.1% on quarter in the Q2 of 2023, edging up

SELL GBPINR OCT @ 102 SL 102.3 TGT 101.65-101.4. 

JPYINR 

Observations

JPYINR trading range for the day is 55.79-56.45.

JPY dropped as the Bank of Japan remained committed to ultra-easy monetary policy

Japan retail sales growth stays at 5-month high

Industrial production in Japan unexpectedly was flat from the prior month in August 2023

 SELL JPYINR OCT @ 56.1 SL 56.3 TGT 55.85-55.65.