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USDINR

Observations

USDINR trading range for the day is 81.95-82.25

Rupee ended little changed even as most Asian peers gained on signs that the Chinese central bank may be wary of the yuan's recent decline.

India's CAD narrows in Q4 as trade gap shrinks, services exports increase

India to be fastest-growing economy for next three years: S&P Global Ratings

EURINR

Observations

EURINR trading range for the day is 89.53-90.21

Euro gained as market participants eagerly awaited the release of a fresh set of economic data this week

Investors bet that a flagging economy would lead the European Central Bank to cut interest rates after they reach their peak around 4%.

The HCOB Germany Services PMI declined to 54.1 in June 2023, down from May's 57.2

GBPINR

Observations

GBPINR trading range for the day is 104.19-104.59

GBP gains boosted by a modest return of risk appetite after an aborted mutiny by mercenaries in Russia

CFTC data showed the largest increase in bets on sterling in over 18 months in the week to June 20

The Bank of England implemented its 13th consecutive rate hike and suggested the possibility of further tightening measures

JPYINR

Observations

JPYINR trading range for the day is 57.28-57.9

JPY dropped amid the stark contrast between the Bank of Japan's BOJ ultra-low rates and central banks elsewhere

BOJ is likely to move steadily towards phasing out its massive stimulus and may tweak yield curve control as early as October

The index of leading economic indicators in Japan, was revised lower to 96.8 in April 2023 from 97.6 in a preliminary estimate

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