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USDINR

* USDINR trading range for the day is 77-78.04.
* USDINR hit an all-time high weighed by global growth worries due to lockdowns in China and aggressive policy tightening from central banks.
* Investors continued to bet on further Federal Reserve monetary tightening to bring decades-high inflation under control.
* The S&P Global India Services PMI increased to 57.9 in April 2022 from 53.6 in March, pointing to the highest reading since last November

EURINR

* EURINR trading range for the day is 81.06-82.38.
* Euro gained as weakness in rupee supported after earlier pressure seen as expectations of further Federal Reserve monetary tightening to combat inflation
* Euro zone sentiment drops further in April on Ukraine war
* The Fed raised its benchmark funds rate by 50 basis points last week and a strong jobs report reinforced bets on further big hikes.

GBPINR

* GBPINR trading range for the day is 94.67-96.53.
* GBP gained as weakness in rupee supported investors snapped up the safe-haven currency amid heightened uncertainty about the global growth outlook.
* BOE said the economy was set to flat-line in 2023 and 2024 as it suffered from an inflation surge.
* The BoE pointing to a nearly 1% drop in GDP in the final quarter of this year.

JPYINR

* JPYINR trading range for the day is 58.86-59.54.
* JPY remained in range as investors weighed tighter monetary policy globally against the backdrop of high inflation and a challenging growth outlook.
* Bank of Japan (BOJ) policymakers remained unwavering in their resolve to keep massive monetary stimulus
* Japan's consumer prices rose the fastest among major advanced economies during the global inflationary cycle in the 1970s

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