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USDINR

USDINR trading range for the day is 77.92-78.5

USDINR rose as speculations surrounding aggressive rate hikes by the US Fed lifted the US dollar index and treasury yield.

The annual inflation rate in India edged down to 7.04 percent in May of 2022 from an 8-year high of 7.79 percent in the previous month

Factory output begins FY23 on a high, jumps 7.1% in April

EURINR

EURINR trading range for the day is 81.36-82.74.

Euro dropped amid expectations of more aggressive interest rate hikes by the Fed after the US CPI report showed inflation rate unexpectedly accelerated in May.

The ECB will end asset purchases on July 1st, followed by a 25 bps rate hike.

Annual inflation in the Eurozone rose to a record high of 8.1% in May, well above forecasts

GBPINR

GBPINR trading range for the day is 94.36-96.86.

GBP dropped as the British economy shrank 0.3% month-over-month in April of 2022, following a 0.1% contraction in March

Industrial production in the UK declined 0.7 percent from a month earlier in April of 2022

The UK trade deficit declined to GBP 8.5 billion in April of 2022 from GBP 11.5 billion in the previous month.

JPYINR

JPYINR trading range for the day is 57.84-58.52.

JPY dropped as the business survey index of large manufacturing firms in Japan decreased 9.9% in the second quarter of 2022

Japan concerned about sharp yen falls, ready to act

A hot US inflation reading fueled a widening monetary policy gap between Japan and the US.

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