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USDINR

Observations

USDINR trading range for the day is 81.89-82.17

Rupee settled flat on fear of economic recession and investor's risk-off sentiments.

Fitch raises India growth forecast for FY24 to 6.3%

India adds over 4 million jobs in a year; hotel and tourism industry lead

EURINR

Observations

EURINR trading range for the day is 88.54-90.12 Euro dropped as German business activity slowed notably this month Pressure also seen as central banks' aggressive monetary tightening measures cast a shadow over the global economic growth outlook. The HCOB Germany Services PMI declined to 54.1 in June 2023, down from May's 57.2

GBPINR

Observations

GBPINR trading range for the day is 103.84-104.76

GBP dropped as the latest PMI survey, indicated a slowdown in Britain's business activity growth in June

The Bank of England's larger-than-anticipated 50-basis point rate hike raised concerns about the potential for a UK recession.

The Bank of England implemented its 13th consecutive rate hike and suggested the possibility of further tightening measures

JPYINR

Observations

JPYINR trading range for the day is 57.06-57.7

JPY dropped as softening economic data weighed on the currency.

Data showed that headline inflation in Japan unexpectedly slowed in May

The au Jibun Bank Flash Japan Services Business Activity Index unexpectedly slipped to 54.2 in June 2023

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