Rupee Plummeted To A Record Low On The Back Of Strong Dollar Demand

# trading range for the day is 83.26-83.46.

# Rupee fell to a record low on the back of heavy demand for the greenback and elevated U.S. yields ahead of the Federal Reserve\\'s rate decision.

# The Federal Reserve leaves interest rates unchanged and provides little forward guidance on its monetary policy.

# The S&P Global (NYSE:) India Manufacturing PMI unexpectedly dropped to 55.5 in October 2023 from 57.5.

# trading range for the day is 87.84-88.34.

# Euro fell amid a general dollar strength as the Fed is set to keep interest rates elevated for some time

# The Euro Area economy shrank 0.1% on quarter in the three months to September 2023, worse than market forecasts

# Inflation in the eurozone is falling fast and the economy has begun contracting.

# trading range for the day is 101-101.5.

# GBP dropped as deteriorating UK economic indicators have underscored market bets on the BoE holding rates.

# The S&P Global/CIPS UK Manufacturing PMI was revised to 44.8 in October 2023

# British lenders in September approved the lowest number of home loans since January.

# trading range for the day is 55.18-55.68.

# JPY depreciated as the Bank of Japans move to loosen its grip on long-term rates was seen as inadequate to close the interest rate gaps.

# The BOJ kept its policy rate steady at -0.1% and maintained the 10-year JGB yield target at around 0%.

# The consumer confidence index in Japan increased to 35.7 in October of 2023 from Septembers six-month low of 35.2.