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USDINR

Observations

USDINR trading range for the day is 81.93-82.19 Rupee eased as Treasury yields rose on increasing bets of a Federal Reserve rate hike following more robust U.S. data. India's industrial production growth accelerated to 5.6 percent year-on-year in February 2023 Annual consumer inflation in India eased to 5.66% in March of 2023, the lowest since December of 2021 from 6.44% in February

EURINR

Observations

EURINR trading range for the day is 89.51-90.37 Euro steadied as investors continued to assess the outlook for the economy and monetary policy. Rapid wage growth keeping euro zone core inflation up: Lagarde ECB dovish official Mario Centeno said the ECB should pause rate hikes in May

GBPINR

Observations

GBPINR trading range for the day is 101.33-102.45 GBP rose after data showed the UK labor market remained tight in the three months to February The unemployment rate in the United Kingdom increased by 0.1 percentage points on the quarter to 3.8 percent Average weekly earnings, including bonuses in the UK, rose 5.9% year-on-year to GBP 638 in the three months

JPYINR

Observations

JPYINR trading range for the day is 60.93-61.57 JPY settled flat as signs that the US economy continues to be resilient reinforced expectations that the Federal Reserve will raise interest rates again next month BOJ's Shimizu warns of 'extremely high' uncertainty over Japan's economy Governor Kauzo Ueda’s indicated that the Bank of Japan will stick to its ultra-easy monetary policy until price stability is achieved.

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