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USDINR

* USDINR trading range for the day is 83.03-84.13.

* Rupee fell to a record low pressured by a drop in the offshore Chinese yuan and strong local dollar demand.

* Robust US economic data and rising demand for US shares boosted dollar demand for Asian markets

* India Manufacturing PMI increased to 59.2 in March 2024 from a final 56.9 in the previous Month.

EURINR

* EURINR trading range for the day is 90.12-90.94.

* Euro dropped as dollar gained underpinned by bets that other major central banks could start cutting interest rates earlier than the Federal Reserve..

* ECB President Lagarde reiterated that June is the month in which policymakers will consider lowering interest rates.

* HCOB's latest PMI survey revealed that the Eurozone Manufacturing PMI arrived at 45.7 in March.

GBPINR

* GBPINR trading range for the day is 104.79-105.79.

* GBP dropped after BOE kept the interest rate steady as expected but the calls for a rate hike diminished.

* The GfK Consumer Confidence indicator in the United Kingdom unexpectedly posted at -21 in March 2024

* UK inflation drop fuels June BoE rate cut bets.

JPYINR

* JPYINR trading range for the day is 55.27-55.81.

* JPY steadied amid speculations that Japanese authorities will intervene in the markets.

* The uncertainty over the BoJ’s future policy steps keeps a lid on any meaningful upside.

* The core consumer price index in Japan, rose 2.8% YoY in February 2024, accelerating from a 2% gain in January.

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