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USDINR 

Observations

USDINR trading range for the day is 82.78-82.92 Rupee ended lower pressured by higher U.S. yields GDP growth could top 7% in FY23: RBI governor Shaktikanta Das Ground realities to guide rate action in June, inflation may have eased further in May: RBI Governor

EURINR 

Observations

EURINR trading range for the day is 88.86-89.26 Euro dropped as the ongoing US debt ceiling issue continued to weigh on global markets Germany's economy contracted by 0.3% during the first quarter of 2023 Germany's GfK Consumer Climate Indicator increased for an eighth straight month to -24.2 heading into June 2023

GBPINR 

Observations

GBPINR trading range for the day is 101.88-102.9 GBP dropped as investors shifted their focus to the US dollar after Fed meeting minutes. The latest inflation data indicated ongoing inflationary pressures in the UK economy Citi predicts two more BoE rate hikes after inflation data surprise

JPYINR 

Observations

JPYINR trading range for the day is 59.58-59.94 JPY dropped as investors sought refuge in the dollar due to concerns over the lack of progress in US debt ceiling talks. The Bank of Japan continues to keep its key short-term interest rate at -0.1% despite strong inflationary pressures. The headline inflation rate in Japan unexpectedly accelerated to 3.5% in April

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