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USDINR

USDINR trading range for the day is 76.46-77.46.

USDINR gained as investors evaluated the need for a higher rate hike to tame inflation and at the same time feared a possible recession.

India's exports rise 24% to $38 bn in April, trade deficit widens

India's April services growth at five-month high despite inflation worries

EURINR

 EURINR trading range for the day is 80.56-82.26.

Euro rallied after comments the European Central Bank should raise its deposit rate back into positive territory this year

German industrial orders fell more than expected in March

Euro zone business growth got boost from reopened services in April -PMI

GBPINR

GBPINR trading range for the day is 94.28-95.98.

GBP dropped as the gloominess of the BoE's new forecasts for the world's fifth-largest economy caught investors by surprise.

BoE flags risk of recession and 10% inflation as it raises rates again

Bank of England raises rates to 1% despite looming recession risk

JPYINR

JPYINR trading range for the day is 58.6-59.54.

JPY gained amid weakness in Rupee after seen pressure driven by fears that aggressive tightening by central banks around the globe

Investors also weighed remarks from Japanese Prime Minister Fumio Kishida who said Japan will further ease border controls in June

The consumer confidence index in Japan edged up to 33.0 in April of 2022 from a 14-month low of 32.8 in the previous month

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