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USDINR

Observations

USDINR trading range for the day is 81.62-82.12 Rupee steadied on fresh signs of an economic slowdown in the United States. The US economy grew by an annualized 1.1 percent in Q1 2023, slowing from a 2.6 percent expansion in the previous quarter Data showed new orders for key US-manufactured capital goods fell more than expected in March

EURINR

Observations

EURINR trading range for the day is 90.3-90.66 Euro rose as Europe's resilient economy contrasted with banking. Global economic uncertainties and renewed concerns over the banking sector dampened investor sentiment. Germany again revised up growth forecasts, and a survey showed a continued pickup in consumer confidence

GBPINR

Observations

GBPINR trading range for the day is 101.81-102.39 GBP dropped as concerns over the global economy's health Markets vacillated over whether U.S. banking jitters and a standoff over the debt ceiling was good or bad news for the dollar. Investors see a 92% chance of a 25 bps hike from the Bank of England at its May meeting.

JPYINR

Observations

JPYINR trading range for the day is 61.31-61.89 JPY dropped as sentiment took a hit from heightened global economic uncertainties and renewed fears over the US banking sector. Japan coincident index revised lower to 98.6 in February 2023 Japan leading economic index revised higher to 98.0 in February 2023

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