IGI Logo

USDINR

USDINR trading range for the day is 76.3-77.08.

USDINR dropped as investors awaited greater clarity on the "restrictive" policy the Federal Reserve plans.

Dollar index tested the 104 mark for the first time since December 2002, fueled by the expectations that Fed will be more hawkish than peers.

RBI is seen raising its repo rate in June and hiking at a faster pace than predicted just a few weeks ago

EURINR

EURINR trading range for the day is 80.65-81.49.

Euro gained after Germany's gross domestic product expanded 0.2 percent on quarter in the first three months of 2022

France's economy growth unexpectedly ground to a halt in the first quarter as consumer spending

Loans to households in the Euro Area were up 4.5 percent year-on-year in March of 2022, the biggest increase since October 2008

GBPINR

GBPINR trading range for the day is 95.61-96.99.

GBP gained as the dollar edged down from its recent 20-year high

Investors' focus remained on monetary tightening ahead of next week's policy meeting of the Bank of England, which might cave in to the dovish minority.

The British public's expectations for inflation have fallen after rising for several months, according to a survey.

JPYINR

JPYINR trading range for the day is 58.69-59.35.

JPY recovered after the Bank of Japan doubled down on its massive stimulus program and reinforced a commitment to its super-low yield policy.

The BOJ’s firm dovish stance stood in stark contrast with the Federal Reserve, which is expected to aggressively hike interest rates.

Japan's housing starts unexpectedly rose by 6.0 percent year-on-year in March 2022

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