IGI Logo

USDINR

USDINR trading range for the day is 77.46-77.82.

USDINR remained supported on muted stock indices and on expectations for a more aggressive policy tightening by the Fed.

Indian economy capable of weathering the global storm: RBI

Powell says Fed to 'keep pushing' rates higher until clear inflation is falling

EURINR

EURINR trading range for the day is 81.36-82.04.

Euro remained supported after Knot says 50 bps ECB July hike possible

ECB's Villeroy says too weak euro threatens price stability

The second GDP estimate showed the Euro Area economy expanded 0.3% in Q1, slightly higher than a preliminary reading of 0.2%

GBPINR

GBPINR trading range for the day is 94.71-99.13.

GBP dropped as investors continue to worry over stagflation or even recession risks, as the inflation rate hit levels not seen since 1982

BOE Governor Bailey said that the current surge in inflation was the central bank's biggest challenge since it gained independence in 1997.

Data showed Britain's jobless rate hit a 48-year low.

JPYINR

JPYINR trading range for the day is 59.99-60.33.

JPY remained supported as US Treasury yields retreated sharply on speculations that inflation may be peaking and on a weakening global economic outlook.

The Japanese economy contracted 1.0 percent on an annualized basis in Q1 of 2022

The gauge for Japan's service sector sentiment rose 2.6 points from a month earlier

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