November 9, 2023
New Delhi, India
USDINR
USDINR traded within a range, reaching a high of ₹83.30 and a low of 83.24, with the last traded price at 83.2800, marking a 0.01% increase. The day’s trading range was between 83.23 and 83.33. The Rupee stood steady with the U.S. Treasury yields and the dollar declined following indications of a cooling labor market in the US.
GBPINR
GBPINR traded between a high of ₹102.32 and a low of 101.97, closing at 102.1650, down by -0.17%. The trading range for the day was 101.99-103.07. The Pound Sterling weakened against a strengthening U.S. dollar, with a close watch on economic data and market speculations regarding the Bank of England’s future actions. Retail sales in the UK rose by 2.6% on a like-for-like basis in October 2023, while the Halifax House Price Index dipped by 3.2% year-on-year in the same month.
EURINR
EURINR observed a high of ₹89.06 and a low of 88.81, closing at 88.9025, down by -0.07%. The trading range for the day was 88.74-89.5. The Euro stumbled as global sentiment turned cautious, with a dollar and Treasury yields rebound, leading to downward pressure. In Germany, industrial production slumped by 1.4% in September 2023, following a revised 0.1% fall in August. Investors are keeping a close eye on upcoming economic reports from the Eurozone
JPYINR
JPYINR fluctuated between a high of ₹55.65 and a low of 55.28, closing at 55.2750, down by -0.22%. The trading range for the day was 55.46-55.84. The Japanese Yen weakened as a consequence of the dollar and Treasury yields rebounding. In Japan, average cash earnings surged by 1.2% year-on-year in September 2023, while household spending decreased by 2.8% in real terms during the same period.
