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USDINR

Observations

USDINR trading range for the day is 82.28-82.66 Rupee dropped amid surging oil following output cuts India manufacturing PMI rises to 3-month peak Fiscal deficit in first 11 months of FY23 at 83 per cent of revised estimate

EURINR

Observations

EURINR trading range for the day is 88.88-89.96 Euro gains amid expectations the European Central Bank will keep raising interest rates in the coming months to combat inflation. ECB President Lagarde said that the central bank was determined to get the inflation back on target Traders believe the European Central Bank will keep raising interest rates in the coming months to combat inflation.

GBPINR

Observations

GBPINR trading range for the day is 100.93-102.41 GBP gains as investors assessed views on the Bank of England's policy path, as well as the UK's economic outlook. BOE Governor Andrew Bailey said that the central bank might need to hike rates again Business investment in the United Kingdom dropped 0.2 percent

JPYINR 

Observations

JPYINR trading range for the day is 61.83-62.35 JPY dropped as fears of a wider banking contagion abated, hurting demand for safe-haven currencies. Japan manufacturing shrinks the least in 5 months Japan Q1 business mood sinks to over 2-year low

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