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USDINR

USDINR trading range for the day is 76.53-77.11.

USDINR remained in range as investors awaited greater clarity on the "restrictive" policy the Federal Reserve plans.

Dollar index tested the 104 mark for the first time since December 2002, fueled by the expectations that Fed will be more hawkish than peers.

RBI is seen raising its repo rate in June and hiking at a faster pace than predicted just a few weeks ago

EURINR

EURINR trading range for the day is 80.47-81.41.

Euro dropped as fears about the economic impact of a sudden disruption of Russian gas supplies to Europe continued to dampen risk sentiment.

Spanish inflation marked the first slowdown since January and undershot a forecast of 9%.

European Central Bank's president Christine Lagarde opened the door to a rate rise in July.

GBPINR

GBPINR trading range for the day is 95.24-96.86.

GBP dropped weighed down by poor economic data and less hawkish Bank of England expectations.

British retail sales volumes tumbled 1.4% from a month earlier in March, much worse than market expectations of a 0.3% decrease.

The Bank of England's Monetary Policy Committee is scheduled to meet next week and looks set to lift its policy interest rate by 25 basis points

JPYINR

JPYINR trading range for the day is 58.24-59.9.

JPY dropped after BOJ doubled down on its massive stimulus program and a pledge to keep interest rates ultra-low to support a fragile economy.

The central bank said it will offer to buy unlimited amounts of 10-year government bonds to defend an implicit 0.25% yield cap around its zero target every market day.

Industrial production in Japan rose 0.3% month-on-month in March 2022, slowing from a 2% gain in the previous month

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