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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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