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USDINR

Observations

USDINR trading range for the day is 82.13-82.51 Rupee sank to a six-week low as interest rate differentials between the U.S. and India narrowed India's foreign exchange reserves rose for a second consecutive week to hit an over 11-month high of $595.98 billion India industrial output growth below market expectations

EURINR

Observations

EURINR trading range for the day is 89.23-89.81 Euro dropped as Euro zone industrial production fell by far more than expected in March The EU is expected to grow by 1% in 2023, compared to the previous winter forecast of 0.8%. Euro zone consumers raised their inflation expectations in March

GBPINR

Observations

GBPINR trading range for the day is 102.21-103.35 GBP dropped as investors continued to assess the continent’s economic outlook ahead of further tightening The Monetary Policy Committee delivered its sharpest upward revision to the UK GDP forecasts in its history BOE hiked its Bank Rate by 25bps to 4.5%, as expected, and revised its forecasts to show a more resilient British economy

JPYINR

Observations

JPYINR trading range for the day is 60.3-61.1 JPY dropped as global economic uncertainties drove investors toward the safe-haven greenback. Japan April wholesale prices rise 5.8%, but pace slows for 4th straight month Japan's govt, central bank debate whether sustained exit from deflation is near

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