USDINR remained range-bound as investors were cautious ahead of US inflation data

# The trading range for the day is 82.25-82.61.
# USDINR remained range-bound as investors exercised caution ahead of timely US inflation data that is expected to prompt the Federal Reserve to make a big rate hike.
# The annual inflation rate in the United States slowed to 8.2% in September, the lowest in seven months, from 8.3% in August
# Indian 10-year government bond yield broke above 7.4%, approaching 3-month high of 7.5%

# The trading range for the day is 79.74 to 80.7.
# Euro gains as Eurozone industrial production rose in August much faster than expected
# ECB President Christine Lagarde said a debate about eliminating excess liquidity – quantitative tightening (QT) – is ongoing.
# Remarks from European Central Bank officials supported expectations of a further rise in eurozone bond yields.

# The trading range for the day is 90.86 to 92.86.
# The GBP remained supported as investors await the evolution of the central bank’s quantitative easing program and mini-budget.
# BoE pill still sees need for “meaningful” rate action in November
# UK economy on brink of recession as it contracts in August

# The trading range for the day is 55.94-56.5.
# JPY depreciated towards 147 per dollar, 1998 low on dovish BOJ
#Japan finmin says govt ready to act against speculative yen moves
# Japan’s wholesale prices rose the most in 5 months, weighing on corporate earnings.

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