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USDINR

Observations

USDINR trading range for the day is 82.64-82.9 Rupee appreciated as investors digested hawkish remarks from minutes of the RBI’s Monetary Policy Committee's latest meeting. The US economy expanded an annualized 2.7% on quarter in Q4 2022, slightly below 2.9% in the advance estimate. The Chicago Fed National Activity Index rose to +0.23 in January 2023 from a downwardly revised -0.46 in December

EURINR
Observations

EURINR trading range for the day is 87.42-88.18 Euro depreciated amid expectations that the Federal Reserve would stick to its hawkish monetary policy for longer. ECB's Villeroy says markets 'overreacted' with rate hike bets ECB is likely to continue raising interest rates after better-than-expected data showed Eurozone output growth accelerated in February 24 Feb 2023 T

GBPINR

Observations

GBPINR trading range for the day is 99.14-100.2 GBP retreated as traders awaited consumer confidence data and focused on Britain's political headaches. Bank of England's Mann says it's too soon to stop raising rates UK rates are seen as most likely to peak at 4.75% later this year, in contrast to many previous expectations that March's rate rise would be the last

JPYINR

Observations

JPYINR trading range for the day is 61.16-61.58 JPY dropped as stronger-than-expected US economic data and hawkish remarks from Fed policymakers. The sentiment of Japanese manufacturers remained gloomy in February as a slowing global economy held back the country’s recovery Japan says economy in modest recovery, caution over global slowdown

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