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USDINR

USDINR trading range for the day is 77.68-77.88.

USDINR steadied supported by rising US Treasury yields and widespread concerns over high inflation

India's trade deficit widened to USD 23.3 billion in May of 2022, from USD 6.3 billion in the same period last year

India’s economy grew 4.1% on year in the quarter ending March 2022, the lowest in a year

EURINR

EURINR trading range for the day is 82.81-83.51.

Euro dropped as Euro zone factories struggled in May as consumers switched to leisure activities

German retail sales drop more than expected in April

The annual inflation rate in the Euro Area surged to a fresh record high of 8.1% in May

GBPINR

GBPINR trading range for the day is 96.8-98.12.

GBP dropped as investors have been weighing prospects of higher interest rates against expectations of economic slowdown

Markets are pricing in 138bps of BoE rate hikes by year-end, as inflation runs at 40-year highs and is expected to hit double digits in Q3.

BoE's Cunliffe seeing evidence of slowdown in housing market

JPYINR

JPYINR trading range for the day is 58.64-60.8.

JPY dropped as the dollar rebounded on renewed inflation worries and wider risk-off sentiment.

BOJ's Adachi says premature to tighten monetary policy now

Japan price pressures mounting as firms ditch 'deflation' model, says BOJ official

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