USDINR trading range for the day is 82.48-82.7 - Kedia Advisory
USDINR
Observations
USDINR trading range for the day is 82.48-82.7
Rupee rose amid possible dollar inflows into equities, traders waited for the monetary policy outcome from RBI.
India to remain fastest-growing major economy: World Bank
May services activity expands at second fastest pace in 13 years
EURINR
Observations
EURINR trading range for the day is 88.16-88.84
Euro remained in range as traders awaited public appearances from several European Central Bank policy makers
German industrial output rises slightly less than expected in April
OECD sees ECB rates peaking in Q3 2023 and remaining unchanged at 4.25% to end 2024.
GBPINR
Observations
GBPINR trading range for the day is 102.27-103.23
GBP gained after OECD upgraded Britain's growth prospects.
OECD sees UK growth of 0.3% in 2023 and 1.0% in 2024
The UK central bank will next convene on June 22, with traders betting on an 88% chance of a 25-basis-point rate rise.
JPYINR
Observations
JPYINR trading range for the day is 59.37-59.71
JPY remained in range as investors continued to assess the economic and monetary policy outlook globally
Japan leading economic index highest in 5 months
Japan coincident index rises to 7-month peak
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