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USDINR

Observations

USDINR trading range for the day is 82.56-82.78 Rupee steadied amid evidence of slowing inflation in India supported a dovish outlook for the RBI. May services activity expands at second fastest pace in 13 years The 1-year USD/INR implied yield rose by 5 bps to 1.77%.

EURINR

Observations

EURINR trading range for the day is 88.22-88.98 Euro dropped as investors continued to assess the monetary policy outlook globally Euro zone business activity was shored up last month by the bloc's dominant services industry Investors got more gloomy on prospects for the euro zone economy in June, dragged down by negative expectations for Germany

GBPINR

Observations

GBPINR trading range for the day is 102.32-103.12 GBP seen supported as UK construction output growth accelerates in May Employment rose for the fourth month in a row British services firms reported the strongest input cost pressures in three months in May and a steep increase in prices charged.

JPYINR

Observations

JPYINR trading range for the day is 59.14-59.92 JPY gains as surprisingly soft US services data supported the case for Fed to pause its interest rate hikes BOJ's Ueda: Japan shifting away from deflationary mindset Data showed Japanese household spending fell 4.4% in April from a year earlier

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