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USDINR

USDINR trading range for the day is 82.36-82.88 Rupee settled flat as relief from the Credit Suisse rescue deal proved to be short-lived U.S. bond yields supported rupee premiums, with the 1-year yield surging to 2.50% for the first time since October. India's trade deficit shrank in Jan and Feb, prompting economists to lower CAD forecasts further for FY23, FY24

EURINR

EURINR trading range for the day is 87.71-88.81 Euro gains after ECB’S Lagarde reiterated the ECB remains ready to support euro zone banks with loans if needed German producer inflation eases to 17-month low Euro Area recorded a trade deficit of EUR 30.6 billion in January of 2023, widening slightly from a EUR 28.8 billion gap

GBPINR

GBPINR trading range for the day is 100.2-101.34 GBP gains as British finance minister Jeremy Hunt pledged to halve inflation, reduce debt and get the economy growing The Bank of England is seen hiking interest rates by 25 bps next week, before ending its current policy tightening cycle The unemployment rate in the United Kingdom came in at 3.7 percent in November 2022 to January 2023

JPYINR

JPYINR trading range for the day is 62.07-63.83 JPY remained supported amid lingering concerns over the global financial system Japan govt says banking system stable, plays down risk of contagion Japan's economy is showing signs of improvement, but any changes to monetary policy must be carefully considered

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