JPYINR trading range for the day is 57.72 58.3 - Kedia Advisory
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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