USDINR trading range for the day is 77.69-77.95 - Kedia Advisory
USDINR
USDINR trading range for the day is 77.69-77.95.
USDINR remained in range amid end dollar demand from oil importers and prevalent risk-off mood concerning about global economic growth.
India's economy seen growing 9.2 pc in FY22 on upbeat rural sector, uptick in credit demand
The IMF expects India's economy to grow by 9 per cent in FY22, while ADB has projected India's growth at 7.5 per cent.
EURINR
EURINR trading range for the day is 82.98-83.76.
Euro rose after ECB President Christine Lagarde said the central bank is likely to exit negative interest rates by the end of the third quarter.
Euro zone's overpriced housing market may sag if rates rise, ECB says
Euro zone business growth slowed in May but stayed resilient – PMI
GBPINR
GBPINR trading range for the day is 97.19-98.67.
GBP rose with traders awaiting more details on the British government's response to a cost-of-living crisis
A plan expected to be outlined by British finance minister Rishi Sunak is expected to include a 10 billion pound ($12.6 billion) package of support
A strong labour market coupled with rising retail sales boosted expectations that the BoE will raise interest rates further
JPYINR
JPYINR trading range for the day is 60.88-61.84.
JPY settled flat as Kuroda says BOJ can achieve smooth exit from loose money policy
Japan PM urges BOJ to strive to achieve 2% inflation goal
The services producer price index rose 1.7% in April from a year earlier, accelerating from a 1.3% gain in March
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory