JPYINR trading range for the day is 59.67-60.15 - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 82.72-82.94 Rupee steadied as investors evaluated hawkish comments from Fed officials and progress in the debt ceiling talks. Fed’s Bullard backed two more interest-rate increases in 2023 U.S. President Joe Biden and top Republican Kevin McCarthy have called their latest talks on the debt ceiling productive
EURINR
Observations
EURINR trading range for the day is 89.08-89.74 Euro dropped as investors processed the latest PMI surveys and grappled with uncertainties surrounding the US debt deal. The service sector growth weakened and manufacturing output contracted further. Euro area manufacturing sector shrinks the most in 3 years
GBPINR
Observations
GBPINR trading range for the day is 102.2-103.22 GBP dropped Global as UK business activity data came in below expectations. IMF says UK no longer heading for a recession in 2023 The S&P /CIPS United Kingdom PMI dropped to 46.9 in May 2023 from 47.8 in the previous month
JPYINR
Observations
JPYINR trading range for the day is 59.67-60.15 JPY dropped amid increased optimism about a debt ceiling deal. Japan services PMI notches record high Japan manufacturing sector returns to growth
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
