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USDINR

USDINR trading range for the day is 77.63-78.05.

USDINR traded in range amid as surge in crude oil prices and weak global risk sentiments despite the central bank’s intervention.

OECD slashes FY23 growth forecast for India to 6.9%

Inflation in India rose to an eight-year high of 7.8 percent on year in April, up from 7 percent in March

EURINR

EURINR trading range for the day is 83.31-83.79.

Euro remained under pressure as retail sales in the Euro Area decreased 1.3% month-over-month in April of 2022

ECB confirmed it will end a long-running bond buying scheme on July 1 and signalled a string of interest rate hikes from July as it battles stubbornly high inflation

The number of employed persons in the Euro Area rose by 0.6 percent on quarter to 162.9 million in the first three months of 2022

GBPINR

GBPINR trading range for the day is 97.2-97.94.

GBP dropped as a gloomy economic outlook and political worries weighed on the currency.

UK annual house prices slow for 3rd month in a row – Halifax

Markets are currently pricing in 138bps of BoE rate hikes by year-end, as inflation runs at 40-year highs

JPYINR

JPYINR trading range for the day is 57.83-58.85.

JPY recovered on short covering after seen pressure amid growing policy divergence and widening interest rate gap between Japan and the US.

BOJ's Kuroda says weak yen benefits economy if moves aren't too sharp

Japan's Q1 GDP falls less than first thought on stronger consumption

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