IGI Logo

USDINR

Observations

USDINR trading range for the day is 82-82.26 Rupee traded in range as investors factored in the possibility ofadditional rate hikes by the Federal Reserve.India monetary tightening cycle not over, inflation remains aconcern: RBI minutesFed’s Harker said that "some additional tightening may beneeded to ensure policy is restrictive enough

EURINR 

Observations

EURINR trading range for the day is 89.8-90.22Euro dropped amid heightened economic uncertaintiesECB’s Lane joined a chorus of Eurozone central bankerssupporting an interest rate increase at the May meetingEurozone Manufacturing PMI fell to 45.5 in April of 2023 from 47.3in March, below forecasts of 48

GBPINR 

Observations

GBPINR trading range for the day is 101.25-102.39GBP dropped after economic data showed British consumersare buckling under the pressure of inflation.Retail sales in the United Kingdom fell more than expectedThe S&P Global/CIPS UK Services PMI increased to 54.9 in April2023

JPYINR 

Observations

JPYINR trading range for the day is 61.21-61.59JPY remained supported after Japan’s core inflation remainedwell above the central bank’s target in MarchJapan’s inflation, will fall back below the central bank’s 2%target later in the year on decreased import costs.Japan services sector expands for 8th month

To Read Complete Report & Disclaimer Click Here

Please refer disclaimer at https://secure.icicidirect.com/Content/StaticData/Disclaimer.html
SEBI Registration number INZ000183631

Above views are of the author and not of the website kindly read disclaimer