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USDINR

USDINR trading range for the day is 78.03-78.21.

USDINR steadied tracking a strong US dollar as Fed’s super-sized rate hike weighed on risk appetite, raising fears of more capital outflows

RBI governor pledged that transition to a tighter monetary policy from an ultra-loose phase will be smooth and there won’t be any disruptions

India's forex reserves fall to $596.46 bln

EURINR

EURINR trading range for the day is 81.51-82.75.

Euro gains as it garnered support from the ECB’s decision mid-week on fresh support to contain borrowing costs among southern nations.

ECB pledges new crisis tool to help indebted southern states

The Euro Area recorded a EUR 32.4 billion trade gap in April of 2022, compared to a EUR 14.9 billion surplus a year earlier.

GBPINR

GBPINR trading range for the day is 95.37-96.81.

GBP rose buoyed by the Bank of England's 0.25% interest rate rise.

The increase surprised some investors who had expected a more aggressive move to douse soaring inflation in Britain

The nine-strong Monetary Policy Committee voted 6-3 for the 25 basis-point hike in Bank Rate to 1.25%

JPYINR

JPYINR trading range for the day is 57.55-59.01.

JPY slides after BOJ sticks to stimulus

The BOJ left its key short-term interest rate unchanged at -0.1% and that for 10-year bond yields around 0% at its June meeting

The BOJ made a rare reference to the currency market, saying it needed to watch its impact on the economy and markets.

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