Rupee Remained In Range After RBI Held Its Benchmark Policy Repo At 6.5 Percent

# trading range for the day is 83.35-83.47.

# Rupee remained in range after the held its benchmark policy repo at 6.5 percent

# RBI Governor Shaktikanta Das warned about the possibility of accelerating inflation in November and December due to food price pressures.

# The central bank revised its economic growth forecast for the fiscal year 2024 to 7% from 6.5%

# trading range for the day is 89.85-90.17.

# Euro steadied after dovish remarks from ECB's Isabel Schnabel

# German inflation rate confirmed at nearly 2-½ year low

# Euro zone retail sales rose very slightly in October, after three consecutive months of decline

# trading range for the day is 104.6-105.22.

# GBP steadied as investors digested stronger-than-expected US jobs data while eagerly anticipating the BOEs upcoming policy meeting.

# The Bank of England looks set to stick to its tough line against talk of interest rate cuts in Britain

# Britain's inflation rate has dropped from a 41-year high of 11.1% just over a year ago.

# trading range for the day is 57.61-58.37.

# JPY rallied after BoJ Kazuo Ueda talked about options while moving away from negative interest rates.

# The Japanese economy contracted 2.9% on an annualized basis during the third quarter of 2023

# Japans current account surplus stood at JPY 2,582.8 billion in October 2023, remaining positive for the ninth consecutive month.