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USDINR

USDINR trading range for the day is 75.36-77.1.

USDINR dropped as the global India services PMI increased to 57.9 in April 2022 from 53.6 in March.

The S&P Global India Composite PMI jumped to a five-month high of 57.6 in April 2022 from 54.3 a month earlier

Federal Reserve raised interest rates by a widely expected half-percentage point but nixed expectations for even larger rate hikes ahead.

EURINR

EURINR trading range for the day is 80.65-81.49.

Euro remained supported as Euro zone business growth got boost from reopened services in April

German unemployment sinks in April as pandemic measures ease

Expectations that the ECB will raise interest rates much more slowly than the Federal Reserve make it difficult for the euro to attract investors.

GBPINR

GBPINR trading range for the day is 94.44-97.02.

GBP dropped as pressure seen after the Bank of England raised the key Bank Rate by 25bps to 1% during its May 2022 meeting

The S&P Global/CIPS UK Manufacturing PMI was revised higher to 55.8 in April of 2022 from a preliminary of 55.3

The Nationwide House Price Index in the UK climbed 12.1% year-on-year in April of 2022, easing from a 14.3% advance in the previous month

JPYINR​​​​​​​

JPYINR trading range for the day is 58.78-59.34.

JPY remained in range as the Federal Reserve raised interest rates by a widely expected half-percentage point

The Bank of Japan doubled down on its massive stimulus program and reinforced a commitment to its super-low yield policy.

Japan consumer confidence edges up in April, first rise in six months

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