USDINR trading range for the day is 77.75-77.99 - Kedia Advisory
USDINR
USDINR trading range for the day is 77.75-77.99.
USDINR remained supported as rising crude prices raised concerns for central bank to tighten monetary policy aggressively to contain inflation.
RBI's primary focus is to bring inflation down closer to target but it cannot disregard the concerns around growth, Governor Shaktikanta Das.
Indian economy capable of weathering the global storm: RBI
EURINR
EURINR trading range for the day is 83.09-84.05.
Euro dropped as German inflation rose to its highest level in nearly half a century in May on the back of soaring energy and food prices
The industrial confidence indicator in the Euro Area fell for a third consecutive month to 6.3 in May of 2022 from 13.6 in April.
The seasonally adjusted number of unemployed people in Germany fell by 4K to 2.285 million in May of 2022
GBPINR
GBPINR trading range for the day is 97.78-98.5.
GBP remained under pressure as Britain's murky growth outlook continued to weigh on sentiment.
The India economy expanded 4.1% year-on-year in the first three months of 2022, slightly higher than market forecasts of 4%.
UK inflation expectations stick at high levels
JPYINR
JPYINR trading range for the day is 59.17-61.97.
JPY remained under pressure with investors being cautious about the global economic outlook.
Japan finmin sees no change to goal to balance budget by FY2025
Japan unemployment rate falls to 2.5% in April
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EURINR trading range for the day is 89.13 - 89.49. - Kedia Advisory