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USDINR

USDINR trading range for the day is 76.05-76.41.

USDINR dropped as investors priced in the expected monetary tightening from the Federal Reserve.

United Nations cuts India’s GDP growth estimate by 2.1% to 4.6% in 2022

Fitch Ratings raised India's GDP forecast to 8.7% (vs 8.1% projected in December) for the year ending March 2022

EURINR

EURINR trading range for the day is 83.71-84.45.

Euro remained supported as Euro zone business growth was stronger than expected this month

The ECB said it would stop pumping money into financial markets this summer, paving the way for an increase in interest rates.

ECB to tighten banks' access to loans after pandemic

GBPINR

GBPINR trading range for the day is 100.11-101.03.

GBP dropped after data showed British business activity remained buoyant in March amid surging prices.

UK retail sales unexpectedly fall as online spending drops

Purchasing Managers' Index (PMI), edged down just slightly to 59.7 from a historically high 59.9 in February.

JPYINR

JPYINR trading range for the day is 62.37-63.11.

JPY dropped amid growing divergence on the direction of monetary policy between Japan and the US.

BOJ Kuroda repeats view weak yen benefits Japan's economy

The au Jibun Bank Japan Flash Services PMI was up to 48.7 in March 2022 from 44.2 in the prior month.

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