IGI Logo

USDINR

USDINR trading range for the day is 75.44-76.3.

USDINR gained on more hawkish comments from a Federal Reserve official

Minutes of Fed's March meeting indicated an aggressive stance to combat inflation, denting the safe-haven metal's appeal.

ADB projects India's economy to grow by 7.5 per cent in FY23

EURINR

EURINR trading range for the day is 82.29-83.45.

Euro recovered amid weakness in Rupee after earlier seen under pressure amid concerns over the outlook of the bloc’s economy

A survey showed investor morale in the Eurozone fell to its lowest level in nearly two years in April.

The European Union plans to introduce fresh sanctions against Moscow following allegations of civilian massacres in the Ukrainian town of Bucha

GBPINR

GBPINR trading range for the day is 98.63-99.93.

GBP remained supported as investors await further clues on the next monetary policy steps after the BoE softened its tone

Cunliffe was the lone voice who voted against the BoE's decision to raise its interest rate for the third consecutive meeting in March.

Money markets are currently pricing in a further 140 basis points (bps) of interest rate hikes from the BoE this year, taking the key rate above 2.0%.

JPYINR

JPYINR trading range for the day is 61.03-61.75.

JPY slipped as BOJ's Kuroda says recent yen moves 'somewhat rapid'

Japan’s finance minister nixed expectations of any government intervention in the currency markets.

The au Jibun Bank Japan Composite PMI was at 50.3 in March 2022, compared with a flash reading of 49.3 and after a final 45.8 a month earlier.

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