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USDINR

Observation

USDINR trading range for the day is 81.85-82.09

Rupee ended little changed as traders sought further clarity on the outlook for interest rates in US.

India's foreign exchange reserves fell to $593.75 billion

India's trade deficit widens to $22.12 billion; exports and imports slip in May

EURINR

Observation

EURINR trading range for the day is 89.25-89.87

Euro dropped as market is eagerly anticipating fresh insights from European Central Bank officials this week

The consumer price inflation in the Euro Area was confirmed at 6.1 percent in May 2023

Wages and salaries in the Euro Area advanced by 4.6% percent year-on-year in the first quarter of 2023

GBPINR

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GBPINR trading range for the day is 104.61-105.27

GBP steadied as investors eagerly awaited the Bank of England's policy meeting scheduled for Thursday.

British policymakers will raise interest rates for the 13th consecutive time, pushing them to their highest point in 15 years

Investors are also keeping a close eye on May's inflation data, set to be released on Wednesday.

JPYINR

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JPYINR trading range for the day is 57.67-58.25

JPY dropped after the Bank of Japan maintained its ultra-loose monetary policy

Japan’s central bank held its short-term interest rate target at -0.1% and that of 10-year bond yields at around 0%

Japan's core machinery orders increased by 5.5% month-on-month in April 2023.

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