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USDINR

Observations

USDINR trading range for the day is 82.06-82.2

Rupee little changed but ended the month of June with its highest gains since January

India's April-May fiscal deficit at Rs 2.10 lakh crore, narrows on-year to 11.8% of FY24 aim

India's economic prospects brighten; core inflation, global volatility may pose risks: RBI financial stability report

EURINR

Observations

EURINR trading range for the day is 88.87-89.67

Euro dropped as investors assessed a batch of economic data and its impact on the global monetary policy trajectory.

The headline inflation for the Eurozone eased to 5.5% in June from 6.1% but the core rate marched higher to 5.4% from 5.3%.

Eurozone industrial sentiment nears 3-year low

GBPINR

Observations

GBPINR trading range for the day is 103.31-104.15

GBP dropped driven by investor concerns regarding the potential occurrence of a recession

Governor Bailey stated that the recent increase in interest rates was a reflection of the economy's resilience and unexpectedly persistent inflation

UK consumer credit growth weakest in 5 months

JPYINR

Observations

JPYINR trading range for the day is 56.8-57.3

JPY dropped to a level which kept speculators wary of potential intervention from Japanese authorities.

Data showed core consumer prices in Tokyo rose 3.2% in June from a year earlier.

Japan's housing starts unexpectedly grew by 3.5 percent year-on-year in May 2023

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