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USDINR

Observations

USDINR trading range for the day is 82.54-82.94

Rupee dropped on worries that the Federal Reserve will raise interest rates more than expected this year.

Signs of a resilient U.S. economy supported the dollar and lifted bond yields, weighing on risk sentiment.

Minutes of the Fed's June meeting showed that almost all members expected more rate hikes this year.

EURINR

Observations

EURINR trading range for the day is 89.94-90.36

Euro seen supported as Euro zone underlying inflation finally easing

Industrial production in Germany unexpectedly declined by 0.2% month-over-month in May 2023

Euro zone retail sales flat in May, still down year – on – year

GBPINR

Observations

GBPINR trading range for the day is 105-105.92

GBP gains supported by interest rate differentials as Britain looks set to outpace the U.S. and Europe on rate rises.

The Halifax house price index fell by 2.6% year-on-year in June 2023

UK Labor productivity declined by 1.4 percent in the first three months of 2023

JPYINR

Observations

JPYINR trading range for the day is 57.43-58.45 USDINR AUG-JUL 0.0875 BUY J

PYINR Jul 2023 @ 57.8 SL 57.6 TGT 58.05-58.2 JPY rose as a broad risk-off mood lent support and dollar turned lower

The index of leading economic indicators in Japan, increased to 109.5 in May 2023 from 108.1 in the previous month

Reserve assets in Japan fell slightly to $1.247 trillion in June 2023 from $1.255 trillion in May

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