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USDINR

Observations

USDINR trading range for the day is 81.76-82.26 Rupee held gains after the Reserve Bank of India surprised markets by holding rates The Reserve Bank of India unexpectedly kept its benchmark policy repo at 6.5 percent Annual inflation rate slowed to 6.44% in February 2023 and stayed above the Reserve Bank of India target of 2-6%

EURINR

Observations

EURINR trading range for the day is 89.2-89.66 Euro dropped as investors continue to worry over a global economic slowdown amid an uncertain outlook. Euro zone food inflation still intensifying: ECB's Lane Euro zone producer prices fell for a fifth consecutive month and by more than expected in February

GBPINR

Observations

GBPINR trading range for the day is 101.77-102.49 GBP dropped as investors digest a gloomy economic outlook and uncertainty regarding monetary policy. British economic data has largely come in slightly better than feared, the latest example being strong service sector activity data. The BOE still cannot be sure that it has raised interest rates enough to tame inflation, Huw Pill said.

JPYINR

Observations

JPYINR trading range for the day is 62.34-62.86 JPY settled flat as Bank of Japan members reiterated the need to maintain a dovish stance The BOJ left its policy of ultra-low interest rates unchanged, which was the final one for Governor Haruhiko Kuroda before his retirement. The Composite PMI was revised higher to 52.9 in March 2023 from a flash figure of 51.9

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