October 4, 2023
New Delhi, India
USDINR
As of October futures, USDINR closed at 83.22, showing an increase of 0.18% from the previous close. The trading range for the day was between ₹83.12 and ₹83.25. The total traded volume (lots) for USDINR amounted to 152,520. In terms of medium and long-term market action, USDINR reached a three-month high of 84.51 on August 28, 2023, and a three-month low of 81.99 on August 4, 2023. Over the last month, USDINR rates have risen by 0.49%, and over the last three months, they have increased by 1.13%.
EURINR
On October 4, 2023, EURINR’s last traded price was 87.18, marking a decline of -1.07%. The daily trading range for EURINR was between ₹87.10 and ₹87.94. The total traded volume (lots) for EURINR stood at 8,817. In the medium and long term, EURINR reached a three-month high of 92.51 on September 25, 2023, and a three-month low of 87.10 on October 3, 2023. Over the past month, EURINR rates have fallen by -5.77%, and over the past three months, they have decreased by -5.77%.
GBPINR
GBPINR’s last traded was 100.38, reflecting a decrease of -1.43%. The daily trading range for GBPINR extended from ₹100.35 to ₹101.50. The total traded volume (lots) for GBPINR amounted to 8,393. Regarding medium and long-term market action, GBPINR reached a three-month high of 106.12 on September 7, 2023, and a three-month low of 100.35 on October 3, 2023. Over the past month, GBPINR rates have declined by -5.39%, and over the past three months, they have dropped by -5.39%.
JPYINR
JPYINR is down by -0.40% at 55.52 in last session, with a high of ₹55.67 and a low of 55.53 for October futures. Rising US bond yields continue to propel USDJPY, impacting JPYINR. Traders should closely monitor USDINR, as its momentum could affect JPYINR’s direction. Japan’s industrial production in August remained flat from the previous month, and the Bank of Japan maintains its ultra-easy monetary policy.
