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USDINR

Observations

USDINR trading range for the day is 82.02-82.22 Rupee traded higher on hopes that the Federal Reserve might ease up on its policy tightening. The annual inflation rate in the US eased for a ninth consecutive period to 5% in March, the lowest since May 2021. IMF cuts India's GDP growth to 5.9 % from 6.1% for FY24

EURINR

Observations

EURINR trading range for the day is 89.58-89.9 Euro steadied as Euro zone investor morale improves in April Euro zone inflation at risk of getting entrenched – ECB's Villeroy Euro zone food inflation still intensifying: ECB's Lane

GBPINR

Observations

GBPINR trading range for the day is 101.65-102.27 GBP dropped after the International Monetary Fund forecasted UK GDP would shrink by 0.3% in 2023 UK economy set for smaller hit in 2023 than previously feared – IMF The IMF forecast Britain's inflation would average 6.8% in 2023, down from 9.1% in 2022

JPYINR

Observations

JPYINR trading range for the day is 61.39-61.73 JPY dropped as new Bank of Japan Governor Kazuo Ueda signaled there would be no significant changes to monetary policy. Japan machinery orders fall in February Japan producer prices rise the least in 1-1/2 Years

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