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USDINR

Observations

USDINR trading range for the day is 82.53-82.71

Rupee remained in range as traders weigh the economic andmonetary policy outlook in India

The Reserve Bank of India left its benchmark policy repo at 6.5percent for the second consecutive

RBI Governor Shaktikanta Das clarified that this decision did notrepresent a policy pivot

EURINR

Observations

EURINR trading range for the day is 88.41-88.89

Euro steadied as global economic uncertainties continued toweigh on investor sentiment.

Eurozone contracted 0.1% in Q1, instead of the initial 0.1%expansion projected

The Eurozone economy unexpectedly shrank 0.1% on quarter inthe first three months of 2023

GBPINR

Observations

GBPINR trading range for the day is 102.67-103.15

GBP remained in range as global economic uncertaintiescontinued to dampen sentiment.

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

Data showed British inflation fell in April, but by less thanexpected

JPYINR

Observations

JPYINR trading range for the day is 59.27-59.51

JPY remained under pressure as the Bank of Japan hasmaintained its policy of ultra-low interest rates

Japan current account surplus surges in April

Japan economy expands at annualized 2.7% in Q1

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