IGI Logo

USDINR

USDINR trading range for the day is 77.79-78.05.

USDINR gained as investors remained concerned over rising crude prices, sustained foreign capital outflows.

India’s economic growth is to be supported by fiscal spending, says Nirmala Sitharaman

The S&P Global India Services PMI increased to 58.9 in May 2022, the highest since April 2011

EURINR

EURINR trading range for the day is 82.97-83.65.

Euro remained under pressure as concerns over high inflation and monetary policy tightening re-emerged.

ECB will likely announce the end of bond purchases and set the tone for an increase in borrowing costs in July.

Germany 10Y bond yield hits near 8-year high

GBPINR

GBPINR trading range for the day is 96.51-98.05.

GBP dropped as a broader rise in the U.S. dollar and fresh political headwinds for embattled British Prime Minister Boris Johnson unnerved investors.

Fresh BRC figures showed retail sales in the UK decreased for a third consecutive month in May amid a cost-of-living crunch.

Investors got more anxious about rising inflation and interest rates and the impact it will have on the economy.

JPYINR

JPYINR trading range for the day is 58.18-59.29.

JPY dropped amid growing policy divergence and increasing interest rate differential between Japan and the US.

Governor Haruhiko Kuroda said that the Bank of Japan will not waver in its aggressive monetary easing to support the economy and ensure more robust wage growth

Japan's household spending falls for 2nd straight month

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer