IGI Logo

USDINR

Observations

USDINR trading range for the day is 82.66-82.94

Rupee remained in range as investors watched the latest developments surrounding the U.S. debt ceiling bill.

Indian economy expanded 6.1% year-on-year in the three months to March 2023

India's fiscal deficit increased to INR 1.34 trillion in April 2023-24

EURINR

Observations

EURINR trading range for the day is 88.22-88.96

Euro dropped as investors cautiously awaited progress on the debt ceiling debate in Washington

Euro zone economic sentiment deteriorates in May

Spain's CPI report showed a larger-than-expected decrease in inflation to 3.2% in May

GBPINR

Observations

GBPINR trading range for the day is 102.03-102.91

GBP dropped as investors eyed Bank of England rate expectations for the pound's direction.

Investors were looking at expectations for the Bank of England's main interest rate for more indications

The release of strong PCE economic data from the US heightened the likelihood of a 25-basis-point interest rate hike

JPYINR

Observations

JPYINR trading range for the day is 59.36-59.82

JPY gains as country’s top diplomat said the government “will closely watch currency market moves.”

Retail sales in Japan increased by 5% year-on-year in April 2023

Industrial production in Japan unexpectedly declined by 0.4 % month-over-month in April 2023

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