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USDINR

Observations 

USDINR trading range for the day is 81.71-81.97

Rupee held in a tight range with intermittent dollar buying intervention by RBI

The RBI's forex reserves surged to a 10-month high of $588.8 billion in the week ending April 28

Traders will also watch out for India's inflation data, due later in the week, which will provide cues on the RBI's next rate hike moves.

EURINR

Observations

EURINR trading range for the day is 90.17-90.73

Euro dropped as investors slightly downgraded their forecasts on future rate hikes after ECB slowed its tightening path.

Germany industrial output falls more than expected

Euro zone retail sales fall more than expected in March

GBPINR

Observations

GBPINR trading range for the day is 102.7-104.08

GBP gains as traders eyed the Bank of England's interest rate decision.

Britain's inflation rate remained above the 10% mark for the seventh month in a row

The Markit PMI survey for April showed that UK output grew at its quickest rate in a year.

JPYINR

Observations

JPYINR trading range for the day is 60.69-61.11

JPY dropped on profit booking investors digested the latest BOJ policy meeting minutes

Bank of Japan debated risk of inflation overshoot in March

BOJ must deepen understanding on price moves - March minutes

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