The RBI Likely Sold Dollars To Prevent The Rupee From Falling To A New Record Low.

# trading range for the day is 83.25-83.39.

# Rupee closed little changed as RBI likely sold dollars to prevent the rupee from falling to a fresh record low.

# New orders for manufactured durable goods in the US unexpectedly rose 0.2% month-over-month in August 2023.

# FinMin confident of 6.5 percent growth in FY24 despite symmetric risks.

# trading range for the day is 87.76-88.44.

# Euro remained under pressure amid growing recession fears.

# German business morale deteriorated slightly in September, falling for the fifth month.

# European Central Bank's record high deposit rate could help cut inflation to 2%, ECB President Christine Lagarde said.

# trading range for the day is 101.09-101.49.

# GBP eased as investors remained cautious while assessing the outlook for the economy, inflation and interest rates globally.

# Pressure is also seen on the back of the Bank of England's pause on its rate-hike cycle.

# UK policymakers are expected to keep the Bank Rate at 5.25% in November, given signs of slowing inflation and a loosening labor market.

# trading range for the day is 56.09-56.43.

# JPY dropped after the BOJ maintained ultra-low interest rates.

# BOJ agreed to keep low rates, divided on exit timing – July meeting minutes.

# The index of coincident economic indicators in Japan, which covers a range of data, was revised lower to 114.2 in July 2023.