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USDINR

Observations

USDINR trading range for the day is 82.08-83.22

Rupee closed lower weighed by broad strength in the U.S. dollar and associated weakness in the Chinese yuan.

India RBI chief flags governance gaps, stressed assets misreporting at some banks

Investors will now focus on the U.S. jobs data due on Friday and the country's inflation numbers

EURINR

Observations

EURINR trading range for the day is 88.42-89.28

Euro gained as investors remained cautious as they awaited Congress approval of a deal aimed at averting a US default

Bank lending to households in the Eurozone rose by 2.5 percent year-on-year to EUR 6.87 trillion in April 2023 The economic sentiment indicator in the

Euro Area declined to 96.5 in May 2023, falling from a revised 99.0 in the previous month.

GBPINR

Observations

GBPINR trading range for the day is 101.92-103.32

GBP rose supported by market expectations of further tightening of monetary policy by major central banks.

UK shop price inflation strikes new record high:

BRC Borrowers have been cautioned to prepare for Bank of England interest rates surpassing 5% before the year's end

JPYINR

Observations

JPYINR trading range for the day is 58.96-59.84

JPY gains as the Bank of Japan has maintained its policy of ultra-low interest rates

Japan’s unemployment rate dropped to 2.6 percent in April 2023 from March's 14-month high of 2.8 percent

The headline inflation rate in Japan unexpectedly accelerated to 3.5% in April

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