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USDINR

USDINR trading range for the day is 78.48-79.38.

USDINR rose to all time high after higher oil prices raised concerns of sustained inflation, although intermittent dollar selling by the central bank helped limit losses.

The Reserve Bank of India has been intermittently selling dollars via state-run banks to prevent runaway losses in the rupee

RBI's governor Shaktikanta Das said that the retail inflation in India was likely to remain above the top end of the central bank's target band until December.

EURINR 

EURINR trading range for the day is 83.15-84.17.

Euro seen support as the ECB will continue its policy normalisation path and will go as far as necessary to bring Euro Area inflation back to the 2% target.

ECB Lagarde confirmed that net asset purchases will end on July 1st and interest rates will be raised by 25bps also in July, the first rate hike in 11 years.

German inflation figures are due on Wednesday, French data on Thursday and euro zone numbers on Friday.

GBPINR

GBPINR trading range for the day is 96.38-97.22.

GBP remained supported amid weakness in Rupee after pressure amid flaring Brexit-related risks and a murky economic backdrop

Attention instead remains on the UK economic backdrop, which saw inflation hit a 40-year record of 9.1% last month, the highest level of the G7 countries.

Consumer prices in the UK surged 9.1% from a year earlier in May, the highest since 1982

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