IGI Logo

USDINR

Observations

USDINR trading range for the day is 82.35-82.73

Rupee ended higher, as traders focused on U.S. inflation data, ahead of Fed’s interest rate decision.

RBI MPC meeting: Real GDP growth projected at 6.5% for FY 24; inflation at 5.1%

Consumer sentiment up for fifth straight month in May

EURINR

Observations

EURINR trading range for the day is 88.63-89.15

Euro gains after a surge in new unemployment claims in the US

The euro zone economy fell into a technical recession in the first three months of 2023

Investors remain cautious as the IMF urged major central banks to “stay the course” on monetary policy and watch inflation closely

GBPINR

Observations

GBPINR trading range for the day is 103.18-103.74

GBP rose boosted by the prospect of UK interest rates catching up with U.S. rates

OECD said headline inflation in Britain will be at 6.9% by the end of this year, compared with an OECD average of 6.6%.

Money markets are currently pricing in a peak of 5.5% for UK rates, up from 4.5% right now.

JPYINR

Observations

JPYINR trading range for the day is 59.23-59.63

JPY remained in range as the Bank of Japan has maintained its policy of ultra-low interest rates

Japan current account surplus surges in April

Japan economy expands at annualized 2.7% in Q1

To Read Complete Report & Disclaimer Click Here

For More Axis Securities Disclaimer  https://simplehai.axisdirect.in/disclaimer-home

SEBI Registration number is INZ000161633

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer