IGI Logo

USDINR

USDINR trading range for the day is 78.74-79.66.

USDINR remained in range after the India’s retail inflation eased more than expected to 7.04% in May

The central bank’s verbal pledge to support a record USD 183 billion government-borrowing plan hasn’t been backed by actions so far.

Crisil cuts FY23 GDP growth estimate to 7.3%

EURINR

EURINR trading range for the day is 82.21-83.51.

Euro remained under pressure as fresh figures showed Germany reported its first monthly trade deficit in three decades

The annual inflation rate in the Euro Area increased to a new record high of 8.6% in June of 2022, once again above market expectations.

Investors will continue to pay attention to any signs of a recession and tight monetary policy

GBPINR

GBPINR trading range for the day is 95.28-96.6.

GBP rose as investors anticipate more signals from the Bank of England this week over its future interest rate hike trajectory.

Focus remains on the UK's slowing economy, with the BoE tasked with tackling soaring inflation while avoiding a recession.

Inflation hit a 40-year record of 9.1% last month, the highest of the G7 countries.

JPYINR

JPYINR trading range for the day is 58.22-58.96.

JPY remained in range as Japan diverges drastically on monetary policy from other major economies.

BOJ remains the only major central bank that has maintained ultra-easy policies at a time other major economies are racing ahead with interest rate hikes

Governor Kuroda stressed the need to maintain its ultra-loose monetary policy as the economy has not been affected much by the global inflationary trend

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 Disclaime