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USDINR

Observations

USDINR trading range for the day is 82.13-82.39 Rupee saw its first gain in four sessions as improving economic data supported the currency. India's merchandise trade deficit in April dropped to $15.2 billion from $19.7 billion in the previous month. Easing domestic inflation and better-than-expected trade deficit numbers bode well for the rupee.

EURINR

Observations

EURINR trading range for the day is 89.31-89.89 Euro settled flat as global economic and political uncertainties weigh on the market. The number of employed persons in the Euro Area rose by 0.6 percent from the previous quarter to 166.1 million The ZEW Indicator of Economic Sentiment for the Euro Area slipped back into negative territory to -9.4 in May 2023

GBPINR

Observations

GBPINR trading range for the day is 102.39-103.51 GBP steadied after data showed a rise in the UK unemployment rate The number of people in work in the United Kingdom increased by 182 thousand in the three months to March 2023 Markets are attaching a 68% chance that the BoE will raise rates by a quarter of a point to 4.75% and a 32% chance of no change.

JPYINR

Observations

JPYINR trading range for the day is 60.48-60.88 JPY steadied as investors continued to monitor the impasse over the debt ceiling in the US and the monetary policy outlook Japan April wholesale prices rise 5.8%, but pace slows for 4th straight month Japan's govt, central bank debate whether sustained exit from deflation is near

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