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USDINR

USDINR trading range for the day is 78.97-79.23.

USDINR remained in range on persisting concerns about rising inflation and weak growth, even as the central bank sold dollars to limit losses.

India's fiscal deficit expanded sharply to INR 2.04 trillion in April-May of 2022-23 period from INR 1.23 trillion in the comparable year-earlier period

The rupee was market-determined, but the RBI would not allow "runaway depreciation" in the currency, its chief Shaktikanta Das said.

EURINR 

EURINR trading range for the day is 82.07-83.11.

Euro struggled on renewed worries about higher rates and a global recession.

Euro zone unemployment falls to new record low of 6.6% in May

Euro zone economic sentiment slips despite industry pick – up

GBPINR

GBPINR trading range for the day is 95.15-97.15.

GBP dropped as concerns about slowing economic growth and political risks lingered a day after Scotland proposed an independence referendum.

The BoE faces the difficult task of taming price pressures, which surged to a 40-year high of 9.1% in May.

Business investment in the UK fell 0.6 percent on quarter in the first quarter of 2022.

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