IGI Logo

USDINR

Observations

USDINR trading range for the day is 81.93-82.47

Rupee gained as latest U.S. inflation data raised expectations of a pause at the Federal Reserve's policy decision.

The Federal Reserve left the target for the Fed funds rate unchanged at 5%-5.25%, as expected

RBI chief Shaktikanta Das on monetary policy: India's disinflation process to be slow, protracted

EURINR

Observations

EURINR trading range for the day is 88.52-89.08

Euro dropped as investors awaited monetary policy decisions from both the European Central Bank

Germany's wholesale prices fell by 2.6 percent from a year earlier in May 2023.

The Eurozone economy is experiencing a mild recession, as revised GDP figures revealed a contraction of 0.1% in Q1

GBPINR

Observations

GBPINR trading range for the day is 103.55-103.97

GBP gains as investors carefully digested a range of economic data

The British economy expanded 0.2% month-over-month in April of 2023, rebounding from a 0.3% drop in March

Construction output in the UK rose by 3.6% year-on-year in April 2023

JPYINR

Observations

JPYINR trading range for the day is 58.78-59.18

JPY dropped ahead of BOJ policy meeting, in which the regulator is expected to keep its ultra-easy monetary settings.

Japan business mood improves in Q2

BOJ officials have repeatedly stated they are intent on maintaining massive stimulus until the 2% inflation target is achieved

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