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01-01-1970 12:00 AM | Source: Kedia Advisory
JPYINR trading range for the day is 57.72 58.3 - Kedia Advisory
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USDINR 

* USDINR trading range for the day is 81.91-82.21

* Rupee ended stronger aided by continuous dollar inflows into the domestic share market. Foreign investors have poured about $1.8 billion into Indian equities this month, having bought shares worth $5.1 billion in May.

* India's inflation may have cooled but premature to bet on rate cuts

 

EURINR

EURINR trading range for the day is 89.4-89.76

Euro dropped as investors evaluated the global economic and monetary policy outlook

Euro zone current account surplus narrows in April

ECB's Vujcic: Core inflation pressures remain in euro zone

 

GBPINR

* GBPINR trading range for the day is 103.52-105.38

GBP dropped as concerns flared over the Bank of England's ability to protect the economy from stagnating.

Consumer inflation rose by 8.7% year on year in May, showing no change from April's 8.7% rate

Public sector net borrowing excluding banks in the UK was in deficit by £20 billion in May 2023

 

JPYINR

JPYINR trading range for the day is 57.72-58.3

JPY dropped after the Bank of Japan maintained its ultra-loose monetary policy

The BOJ’s dovish stance kept downward pressure on the yen, as other major central banks maintained a combative stance against inflation.

Japanese manufacturers’ morale edges up in June

 

 

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