IGI Logo

USDINR 

* USDINR trading range for the day is 81.93-82.29

* Rupee closed lower, weighed by possible corporate dollar outflows and weakness in the Chinese currency.

*India's trade deficit widens to $22.12 billion; exports and imports slip in May 

* India's foreign exchange reserves fell to $593.75 billion

EURINR

* EURINR trading range for the day is 89.36-90.02

* Euro steadied as investors continued to assess the economic and monetary policy outlook globally.

 *Germany's producer prices rose 1% from a year earlier in May 2023

 *Euro zone consumer inflation sharply decelerated in May

GBPINR

 * GBPINR trading range for the day is 104.48-105.2 

* GBP dropped as investors cautiously await the inflation report and the Bank of England's rate decision this week. 

* The central bank is widely anticipated to raise its Bank rate by 25 basis points to 4.75% on Thursday        * Imports into the United Kingdom dropped 0.6 percent from a month earlier to GBP 69.35 billion in April 2023 

JPYINR

 * JPYINR trading range for the day is 57.72-58.66 

* JPY gains as Japan industrial output rises for 3rd month Japan capacity utilization rises more than expected 

* BOJ continuing its ultra-low rate policy and as the need for adjusting portfolios boosted demand. 

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer