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USDINR

Observations

USDINR trading range for the day is 82.48-82.7

Rupee rose amid possible dollar inflows into equities, traders waited for the monetary policy outcome from RBI.

India to remain fastest-growing major economy: World Bank

May services activity expands at second fastest pace in 13 years

EURINR

Observations

EURINR trading range for the day is 88.16-88.84

Euro remained in range as traders awaited public appearances from several European Central Bank policy makers

German industrial output rises slightly less than expected in April

OECD sees ECB rates peaking in Q3 2023 and remaining unchanged at 4.25% to end 2024.

GBPINR

Observations

GBPINR trading range for the day is 102.27-103.23

GBP gained after OECD upgraded Britain's growth prospects.

OECD sees UK growth of 0.3% in 2023 and 1.0% in 2024

The UK central bank will next convene on June 22, with traders betting on an 88% chance of a 25-basis-point rate rise.

JPYINR

Observations

JPYINR trading range for the day is 59.37-59.71

JPY remained in range as investors continued to assess the economic and monetary policy outlook globally

Japan leading economic index highest in 5 months

Japan coincident index rises to 7-month peak

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