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USDINR

USDINR trading range for the day is 82.69-82.97 Rupee hit a 13-week low while markets looked for developments on the U.S. debt. USD/INR 1-yr forward premiums hit lowest since Dec. 2022 The RBI said it would withdraw its highest denomination 2,000-rupee notes from circulation.

EURINR

EURINR trading range for the day is 89.39-89.89 Euro gains driven by expectations of continued tightening by the ECB to address inflation ECB board member Isabel Schnabel expressed the view that the central bank should continue its fight to tame inflation "with determination" ECB President Christine Lagarde emphasized that policymakers would take necessary measures to overcome price pressures.

GBPINR

GBPINR trading range for the day is 102.71-103.49 GBP gains as investors adopted a cautious approach as they awaited updates on the ongoing US debt ceiling negotiations. Governor Bailey recently acknowledged that if inflationary pressures persist, additional tightening of monetary policy may be necessary The bank has revised its growth and inflation forecasts upward, reflecting the evolving economic landscape

JPYINR

JPYINR trading range for the day is 60.01-60.31 JPY gains on stronger-than-expected domestic inflation data. The headline inflation rate in Japan unexpectedly accelerated to 3.5% in April Traders continued to pare back bets the Bank of Japan could soon tweak its monetary policy stance

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