Rupee Ended Flat As U.S. Dollar Demand And Central Bank Prevent Further Weakness

# trading range for the day is 83.28-83.32.

# Rupee ended unchanged as buoyant U.S. dollar demand squared off against expectations the central bank will prevent further weakness.

# India\\'s fiscal deficit increased to INR 7.02 trillion in April-September 2023-24

# While the rupee hardly budged, worries over a shortage of dollars drove the USD/INR overnight swap rate and forward premiums lower.

# trading range for the day is 88.07-89.39.

# Euro strengthened as encouraging data from Germany raised hopes the economic downturn in Europe could be less severe.

# Germany showed the inflation rate fell more than expected to over two-year lows of 3.8% and the economy contracted 0.1% in Q3.

# German import prices shrank 14.3% year-on-year in September 2023.

# trading range for the day is 100.97-101.95.

# GBP gains with the Bank of England expected to maintain unchanged interest rates at its upcoming meeting.

# Governor Andrew Bailey noted that inflation figures for September were in line with the central bank\\'s expectations.

# British lenders approved 43,328 mortgages in September, marking the lowest number since January.

# trading range for the day is 55.32-56.08.

# JPY dropped as the Bank of Japan kept its policy rate steady at -0.1% and maintained the 10-year JGB yield target at around 0%.

# Retail sales in Japan rose 5.8% year-on-year in September 2023, slowing from a 7% increase seen both in July and August.

# Industrial production in Japan rose by 0.2% month-over-month in September 2023, missing market forecasts of 2.5%.