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USDINR

USDINR trading range for the day is 77.72-77.96.

USDINR remained in range as the government will not need to borrow additional funds from the market in the current fiscal year.

India Q1 GDP growth likely slowed for the third consecutive quarter

Moody’s slashes India’s economic growth forecast to 8.8% for 2022

EURINR

EURINR trading range for the day is 83.03-84.11.

Euro settled flat after seen supported as ECB President Lagarde said central bank is likely to exit negative interest rates by the end of the third quarter.

Euro zone's overpriced housing market may sag if rates rise, ECB says

Euro zone house prices have been on a tear for years, even accelerating during the coronavirus pandemic.

GBPINR

GBPINR trading range for the day is 97.6-98.8.

GBP dropped on profit booking after prices gained on optimism that the new Cost of Living Support package will help boost consumer spending.

Chancellor Rishi Sunak announced a new £15 billion support package, targeted toward millions of low-income households

Britons have been struggling with inflation at 40-year highs and the latest data pointed to recession risk, giving less room for the BoE to hike rates more.

JPYINR

JPYINR trading range for the day is 61.17-61.65.

JPY remained in range as investors took comfort after minutes of the last FOMC minutes.

BOJ Kuroda says Japan inflation to stay around 2% for a year

Kuroda says BOJ can achieve smooth exit from loose money policy

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