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USDINR

USDINR trading range for the day is 73.06-73.36.

USDINR dropped helped by signs that India's second wave of coronavirus infections is slowing, hopes of a global economic recovery and broad dollar weakness.

Minutes from the Federal Reserve's last policy meeting revealed there was more talk of tapering its bond purchases than investors had expected.

RBI said in its May bulletin that the ferocity of the second wave has overwhelmed India, adding that real economic indicators have moderated through April-May 2021.

EURINR

EURINR trading range for the day is 88.76-89.76.

Euro seen some pressure amid firmness in Rupee despite investors focus on the economic recovery as governments across the continent ease coronavirus-induced restrictions.

Eurozone inflation accelerated, as initially estimated to a two-year high in April, driven by higher energy prices

ECB meeting account points to big June decision on emergency bond buys

GBPINR

GBPINR trading range for the day is 102.79-104.41.

GBP remained under pressure as the dollar bounced off after minutes from Fed’s meeting revealed there was more talk of tapering its bond purchases than investors had expected.

The Bank of England says inflation in Britain is heading above its 2% target and will hit 2.5% at the end of 2021 thanks to a rise in global oil prices

Speculators are net long on the pound, having increased their net long position in the week, CFTC data last week showed.

JPYINR

JPYINR trading range for the day is 66.96-67.36.

JPY remained supported after Japan posted a trade surplus of JPY 255.3 billion in April

BOJ Governor Kuroda warned that downward pressure on economic activities could grow stronger due to uncertainty over the pace of the country's vaccination rollout

Minutes from the Federal Reserve's policy meeting revealed there was more talk of tapering its bond purchases than investors had expected.

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