IGI Logo

USDINR 

Observations

USDINR trading range for the day is 81.9-82.3

Rupee ended higher as dollar dropped to its lowest since April 2022 as consumer prices in economy slowed in June

US producer prices rose 0.1% in June, following a 0.4% drop in May and compared to expectations of a 0.2% increase.

India's industrial output up 5.2% in May from 4.5% in April

EURINR

Observations

EURINR trading range for the day is 91.22-92.04

Euro rose as cooler-than-expected US inflation data raised hopes that Fed may be nearing the end of its rate-hiking cycle.

Investors believe that the ECB still has work to do in addressing inflationary pressures within the Eurozone

The ZEW Indicator of Economic Sentiment for the Euro Area continued to plunge to -12.2 in July 2023.

GBPINR

Observations

GBPINR trading range for the day is 106.35-107.79

GBP rose after banking system stress test showed Britain's largest lenders have enough capital to ride out a potential economic crisis.

The British economy contracted 0.1% month-over-month in May of 2023, following a 0.2% growth in April.

The UK trade deficit widened sharply to GBP 6.58 billion in May 2023, the largest gap since last December.

JPYINR

Observations

JPYINR trading range for the day is 59.19-59.69

JPY gains as dollar dropped after softer-than-expected US inflation numbers

Japan's top FX diplomat Kanda says watching yen moves carefully

Producer prices in Japan rose by 4.1% year-on-year in June 2023, slowing for the sixth straight month

To Read Complete Report & Disclaimer Click Here

Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaimer