EURINR trading range for the day is 89.02-89.82 - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 81.69-82.29
Rupee closed stronger as buying interest emerged from importers
The S&P Global India Manufacturing PMI dropped to 57.8 in June 2023 from May's 31-month peak of 58.7
India's forex reserves drop to one – month low of $593.2 bln in week to June 23
EURINR
Observations
EURINR trading range for the day is 89.02-89.82
Euro steadied as investors digested data in the Euro Area and the ECB's pledge to continue raising interest rates.
Euro zone factory downturn deepened in June as ECB hikes bite
German manufacturing sector contracts the most in 3 Years
GBPINR
Observations
GBPINR trading range for the day is 103.52-104.4
GBP remained in range driven by investor concerns regarding the potential occurrence of a recession.
Governor Andrew Bailey stated that the recent increase in interest rates was a reflection of the economy's resilience
The S&P Global/CIPS UK Manufacturing PMI was revised upwards to 46.5 in June 2023
JPYINR
Observations
JPYINR trading range for the day is 56.79-57.13
JPY dropped as BOJ Governor Ueda reiterated that “there’s still some distance to go” in sustainably achieving 2% inflation
The au Jibun Bank Japan Manufacturing PMI was at 49.8 in June 2023
Improving Japan business mood signals steady economic recovery
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
