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USDINR

Observations

USDINR trading range for the day is 82.07-82.35 Rupee fell amid growth concerns and banking worries. Annual inflation rate in India slowed sharply to 4.7% in April of 2023, the lowest since October of 2021 India’s unemployment rate in April rises to 8.11% from 7.8% in March

EURINR

Observations

EURINR trading range for the day is 89.42-90.04 Euro steadied after U.S. data supported the view that the Federal Reserve will pause its tightening in June. ECB survey showed consumers raised their inflation expectations in March for the first time since October last year Investors have been balancing weak economic data from the U.S. against sticky inflation in the euro area and hawkish remarks from ECB officials

GBPINR

Observations

GBPINR trading range for the day is 102.72-103.2 GBP dropped as investors digested Britain’s latest growth data. The British economy expanded 0.1% on quarter in the first three months of 2023 The Bank of England forecast that Britain would grow by 0.25% in 2023

JPYINR

Observations

JPYINR trading range for the day is 61.03-61.35 JPY dropped as investors continued to assess the monetary policy outlook Japan current account surplus narrows sharply Japan's spending downturn, wages decline heighten pressure on economy

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