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USDINR

Observations

USDINR trading range for the day is 81.96-82.22

Rupee closed nearly flat as investors looked ahead to key U.S. inflation numbers.

The annual inflation rate in the US fell to 4.9% in April, the lowest since April 2021

India's foreign exchange reserves are at a comfortable level currently, benefiting from RBI persistent intervention

EURINR

Observations

EURINR trading range for the day is 89.72-90.38

Euro dropped with markets expecting European Central Bank officials to reiterate their commitment to higher interest rates.

Euro zone inflation momentum remains high – ECB's Schnabel

Euro zone inflation could hold above target – ECB survey

GBPINR

Observations

GBPINR trading range for the day is 103.26-103.8

GBP dropped on profit booking as traders bet a rate hike from the Bank of England on Thursday will not be the last.

Retail sales in the United Kingdom rose 5.2% on a like-for-like basis in April 2023 from a year ago

The Halifax house price index showed a slight increase of 0.1 percent year-on-year in April 2023

JPYINR

Observations

JPYINR trading range for the day is 60.72-61.1

JPY dropped as caution dominated sentiment ahead of a key US inflation reading

Foreign exchange reserves in Japan increased to $1.265 trillion in April 2023 from $1.257 trillion in March

The index of leading economic indicators in Japan, declined to 97.5 in March 2023

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