IGI Logo

USDINR

Observations

USDINR trading range for the day is 82.2-82.52 Rupee steadied as investors assessed moves made by authorities and regulators to rein in worries over the global banking system. S&P keeps India's economic growth forecast unchanged at 6% for FY24 RBI is expected to pause their interest rate hike and the current 6.5 per cent repo rate could be the terminal rate for now

EURINR

Observations

EURINR trading range for the day is 88.32-88.98 Euro remained supported as concerns over the global banking system eased ECB's Nagel has stated that if inflation developed as projected, that should not mark the end of the current ECB's hike campaign Preliminary PMI for the Euro Area showed a robust services sector and a fragile manufacturing during March

GBPINR

Observations

GBPINR trading range for the day is 100.47-101.33 GBP gained on the prospect of a dovish Bank of England and as concerns over the global banking system eased Falling inflation expectations drove vote for 25 bp rate rise: BoE's Mann The S&P Global/CIPS UK Composite PMI fell to 52.2 in March 2023 from the 8-month high of 53.1 in February

JPYINR

Observations

JPYINR trading range for the day is 62.34-63.24 JPY dropped as investors continued to assess the impact of the recent banking turmoil and heightened economic uncertainties. Japan leading index was revised higher to 96.6 in January 2023 Japan coincident economic Index was revised higher to 96.4 in January 2023

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