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USDINR

Observations

USDINR trading range for the day is 81.98-82.32 Rupee remained in range Fed Chair Powell said that opened the door to a larger 50 basis points rate hike at this month's meeting. The US economy created 311K jobs in February, above expectations of 205K and the 183K monthly average between 2010 and 2019. India's inflation seen easing slightly in February, still above RBI target

EURINR

Observations

EURINR trading range for the day is 86.82-87.4 Euro remained supported as President Christine Lagarde saying a 50 bps hike in March was "very, very likely". German inflation rate confirmed at 8.7% in February Euro zone economic growth trimmed to zero q/q at end of 2022

GBPINR

Observations

GBPINR trading range for the day is 97.63-99.03 GBP gained after Britain's economy was shown to have grown by more than expected in January, further allaying fears of a recession. UK economy more resilient than many expected - finance minister Hunt Manufacturing production in the UK dropped 0.4% month-on-month in January 2023

JPYINR

Observations

JPYINR trading range for the day is 59.96-60.7 JPY dropped as the Bank of Japan left its policy of ultra-low interest rates unchanged at its March meeting Japan's wholesale inflation slows for 2nd month in February Household spending in Japan declined in real terms by 0.3% year-on-year in January 2023

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