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USDINR

USDINR trading range for the day is 77.29-78.01.

USDINR settled flat after the central bank intervened, earlier gained to record highs

India wholesale inflation highest in over 23 years rising to 15.08 percent in April 2022

Rating agency Crisil is also likely to revise its 7.8% growth estimate downwards

EURINR

EURINR trading range for the day is 80.91-82.09.

Euro remained supported as dollar eased as investors took profits and scaled back bets on whether US interest rate hikes will drive further greenback gains.

ECB may kick off development of digital euro by end – 2023, Panetta says

ECB to hike deposit rate 25 bps in July, ditch negative rates by end – Sept

GBPINR

GBPINR trading range for the day is 93.73-98.39.

GBP rose as strong labour market data reinforced expectations that BoE will need to continue raising interest rates to fight high inflation.

BoE faces historic test but not to blame for inflation, Bailey says

Labor productivity in the UK as measured by output per hour decreased by 0.7% on quarter in the first three months of 2022.

JPYINR

JPYINR trading range for the day is 59.76-60.44.

JPY remained depressed as a Bank of Japan official said it was inappropriate to change monetary policy for the purpose of controlling exchange rates

BOJ aims for virtuous cycle of growth with monetary policy – deputy gov

Producer prices in Japan surged 10% in April 2022 from a year ago.

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