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USDINR

USDINR trading range for the day is 75.97-76.75.

USDINR dropped as investors increasingly bet the Fed will need to raise rates faster to rein in soaring inflation.

IMF lowers India's growth forecast to 8.2% for FY23

The World Bank cut the GDP growth forecast amid inflationary risks caused by the Russia-Ukraine war.

EURINR

EURINR trading range for the day is 82.47-83.13.

Euro remained supported as Industrial production in the Euro Area increased 0.7% mom in February of 2022

The euro zone suffered a trade deficit for a fourth consecutive month in February

German producer prices at record high amid Ukraine war

GBPINR

GBPINR trading range for the day is 99.18-99.98.

GBP remained under pressure amid concerns over high inflation and downbeat economic growth revisions by the IMF.

High inflation pressures arising from soaring energy prices are hurting households' purchasing power and squeezing their finances.

Markets expect the Bank of England to raise rates to 1% during the meeting on May 5th and see 140 basis points of hikes by year-end.

JPYINR

JPYINR trading range for the day is 59.34-60.04.

JPY dropped as the Bank of Japan stepped into the market again to defend its ultra-low interest-rate policy

BOJ may tweak dovish guidance if inflation expectations heighten

Weak yen alone won't drive BOJ to amend policy

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