IGI Logo

USDINR

USDINR trading range for the day is 78.85-79.61.

USDINR gained as fears of a global recession hit investor sentiment and after Fed’s minutes pointed to consensus that interest rates need to rise further

Latest India cbank moves to stabilise rupee face many economic hurdles

RBI has spent over $40 bln mostly to defend rupee

EURINR

EURINR trading range for the day is 80.63-81.33.

Euro recovered as investors await the meeting accounts from the ECB for more clues on the central bank's next steps and view on the economy

Industrial production in Germany edged up 0.2% mom in May of 2022, slowing sharply from an upwardly revised 1.3% rise in April

The annual inflation rate in the Euro Area increased to a new record high of 8.6% in June of 2022

GBPINR

GBPINR trading range for the day is 94.09-95.81.

GBP gained after media reports that British Prime Minister Boris Johnson will step down.

Nomura said it now expects sterling will slide in the coming months to its lowest level against the U.S. dollar since 1985.

The Halifax house price index in the United Kingdom rose 13% year-on-year in June of 2022

JPYINR

JPYINR trading range for the day is 58.21-58.71.

JPY dropped as dollar seen supported after Fed’ s minutes pointed to consensus that interest rates need to rise further.

The index of coincident economic indicators in Japan, declined to 95.5 in May of 2022 from a final 96.8 in the prior month

Japan leading economic index drops in may

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 Disclaime