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USDINR

Observations

USDINR trading range for the day is 81.72-82.18

Rupee ended lower as investors squared off their short dollar positions ahead of key rate decisions by the Fed and ECB.

India central bank likely buying dollars to absorb inflows

India’s unemployment rate surges to four-month high in April

EURINR

Observations

EURINR trading range for the day is 89.67-90.39

Euro dropped as Euro zone factory activity contracted further last month.

The HCOB Germany Manufacturing PMI was revised slightly higher to 44.5 in April of 2023 from an initial 44

Retail sales in Germany unexpectedly contracted 2.4% month-over-month in March of 2023

GBPINR

Observations

GBPINR trading range for the day is 101.96-102.62

GBP gains as investors anticipated the Bank of England's 25bps rate hike at its May meeting.

 UK Manufacturing PMI was revised higher to 47.8 in April 2023

The Nationwide House Price Index in UK dropped by 2.7 percent from a year earlier in April 2023

JPYINR

Observations

JPYINR trading range for the day is 59.61-60.17

JPY dropped as the Bank of Japan maintained its ultra-easy monetary policy

The BOJ said it will remove forward guidance that pledges to keep interest rates at current or low levels.

The au Jibun Bank Japan Manufacturing PMI held at a six-month high of 49.5 in April 2023

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