GBPINR trading range for the day is 101.77-103.47 - Kedia Advisory
USDINR
Observations
USDINR trading range for the day is 82.52-82.98
Rupee ended higher for a second straight session amidpossible dollar inflows and recovery of the Chinese yuan.
US Federal Reserve officials expressed uncertainty about howmuch more policy tightening may be appropriate in the future
Ground realities to guide rate action in June, inflation mayhave eased further in May: RBI Governor
EURINR
Observations
EURINR trading range for the day is 88.74-89.5
Euro dropped as investors were cautious ahead of the outcome of debt ceiling talks in the U.S.
Data showing the bloc’s business growth remained resilient butslowed slightly more than anticipated this month
The euro zone's current account surplus widened in March
GBPINR
Observations
GBPINR trading range for the day is 101.77-103.47
GBP dropped as investors digest the latest CPI report and thedebt ceiling impasse in the US.
Britain's year-on-year inflation rate slowed to 8.7% in April from10.1% in March.
BoE's Bailey says getting closer to peak interest rates
JPYINR
Observations
JPYINR trading range for the day is 59.61-60.07
JPY seen pressured as investors patiently waited for the outcomeof the debt ceiling negotiations in Washington.
Japan's core machinery orders, fell 3.9% month-on-month inMarch 2023
Japan manufacturers’ mood turns positive in May
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