IGI Logo

USDINR

USDINR trading range for the day is 73.39-74.75.

USDINR gained as investors turned to the greenback after the US Federal Reserve signaled it would hike interest rates sooner than expected.

Elsewhere, concerns that rising crude prices could negatively impact the country's current account deficit mounted.

India's retail price inflation shot up to a six-month high of 6.3% in May, breaching the Reserve Bank of India's target range after five months

EURINR

EURINR trading range for the day is 88.11-88.99.

Euro dropped as hawkish comments from the Fed sparked bullish bets in the greenback.

The German economy will grow by a weaker-than-expected 3.3% this year as supply bottlenecks in manufacturing hold back industrial output

ECB agreed to maintain an elevated pace of bond purchases while upwardly revised projections for the bloc's economic growth and inflation for 2021 and 2022.

GBPINR

GBPINR trading range for the day is 102.85-103.97.

GBP dropped as investors turned to greenback after the US Federal Reserve signaled rate hikes earlier than expected

Investors digested key UK economic data, the UK-Australia trade agreement and a delay in the UK's lockdown easing plan.

British inflation unexpectedly jumped above the Bank of England's 2.0% target in May

JPYINR

JPYINR trading range for the day is 66.37-67.47.

JPY remained supported as the Bank of Japan announced that will extend its pandemic-relief programs to support a fragile economic recovery.

BOJ may start debate on stimulus retreat in 2023, former c.banker says

The overall value of core machine orders in Japan advanced a seasonally adjusted 0.6 percent on month in April

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer