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USDINR

USDINR trading range for the day is 77.96-78.34.

USDINR traded in range as initial relief that Fed did not go further than expected in hiking rates began to fade in the face of an aggressive outlook.

Investors grew increasingly worried about impact of rate-hikes on economic recovery as domestic product slowed to its weakest in a year last quarter.

Fitch expects RBI to raise interest rates to 5.9 pc by December-end

EURINR

EURINR trading range for the day is 80.89-82.07.

Euro remain under pressure as investors continue to doubt the ECB can raise borrowing costs aggressively even after the central bank announced new measures

Euro zone inflation broader than just energy prices: ECB's Villeroy

Spain's Jan – April trade deficit widens fourfold to 21 bln euros

GBPINR

GBPINR trading range for the day is 93.57-95.7.

GBP dropped as the Bank of England raised its main rate by 25bps to 1.25%

Policymakers now expect inflation to be over 9% during the next few months and to rise to slightly above 11% in October

UK sees fall in job adverts, less consumer spending – ONS

JPYINR

JPYINR trading range for the day is 57.71-59.69.

JPY gains after the government said it hopes the central bank will take “necessary measures appropriately” in light of the currency’s sharp falls

Japan PM Kishida: Expects BOJ to keep up efforts to meet 2% inflation goal

Japan ran its biggest single-month trade deficit in more than eight years in May

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