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USDINR

Observations

USDINR trading range for the day is 82.29-82.51

Rupee ended higher on the back of increased bets for a rate pause by the U.S. Federal Reserve.

Upbeat growth numbers coming from India and subsequent foreign inflows are supporting the rupee.

India's economic growth accelerated to 6.1% in the March quarter

EURINR

Observations

EURINR trading range for the day is 88.63-88.95

Euro gains as investors digested the hawkish comments made by ECB President Lagarde and their implications

Several European Central Bank policymakers expressed their preference for a more substantial increase of 50 bps in key interest rates

Euro zone inflation eased more than expected last month as underlying price growth also slowed

GBPINR

GBPINR trading range for the day is 103.03-103.37

GBP gains bolstered by expectations of additional interest rate hikes by the Bank of England.

Although the annual inflation rate dropped to 8.7%, marking its lowest level in over a year

British lenders approved fewer mortgages in April than in March and the value of new loans also fell

JPYINR

JPYINR trading range for the day is 59.46-59.78

JPY seen supported after the country’s top currency diplomat said the government “will closely watch currency market moves”

Japan's Suzuki: Weak yen has various effects on economy

BOJ's Ueda: No set time frame for hitting 2% price target

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