JPYINR trading range for the day is 60.84-61.4 - Kedia Advisory
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USDINR
Observations
USDINR trading range for the day is 82.02-82.4 Rupee closed at a more-than-two-week low as the greenback staged a recovery on firmer U.S. Treasury yields. Fed’s Bullard said that he favoured 75 bps of additional tightening against the market consensus for one more 25 bps hike next month USD/INR premiums continued their downtrend, with the one-year implied yield down 10 bps to 2.21%.
EURINR
Observations
EURINR trading range for the day is 89.62-90.28 Euro dropped as investors braced for more interest rate hikes from the European Central Bank. The ZEW Indicator of Economic Sentiment for Germany declined for a second month to 4.1 in April of 2023, the lowest so far this year The ZEW Indicator of Economic Sentiment for the Euro Area went down by 3.6 points to 6.4 in April 2023
GBPINR
Observations
GBPINR trading range for the day is 101.6-102.58 GBP remained in range after recent data pointed to a sticky inflation and tight labor market in the UK. UK inflation remains above 10% for 7th month UK producer inflation lowest in 17 months
JPYINR
Observations
JPYINR trading range for the day is 60.84-61.4 JPY seen pressured as investors awaited the BoJ monetary policy decision next week. The Reuters Tankan sentiment index for manufacturers in Japan stood at -3 in April 2023 Japan industrial output growth revised slightly higher
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory
