# USDINR trading range for the day is 84.93-85.81.
# Rupee settled flat on the back of the US-China trade agreement and a ceasefire agreement between India and Pakistan.
# India’s wholesale prices rose by 0.85% year-on-year in April 2025, easing from a 2.05% increase in March
# India’s retail inflation eases to a 6-year low of 3.16% in April
# EURINR trading range for the day is 94.8-96.7.
# Euro gains on stronger-than-expected German economic sentiment and a surprise decline in US inflation.
# Germany’s ZEW Economic Sentiment Index jumped to 25.2 in May, reflecting growing optimism for the next six months.
# Germany’s consumer price inflation was confirmed at 2.1% in April 2025, the lowest since October 2024
# GBPINR trading range for the day is 112.82-114.56.
# GBP gained as the US Dollar came under pressure following softer-than-expected US inflation data.
# BOE’s Pill said that he was worried inflation in Britain could prove stronger than policymakers expect
# The market is pricing in a cut in interest rates of up to 48.6 basis points in total by the end of the year.
# JPYINR trading range for the day is 57.85-58.93.
# JPY strengthened as the dollar weakened following softer-than-expected US inflation data.
# Japan’s producer prices rose 4% year-on-year in April, down from 4.2% in March, marking the slowest pace since December.
# BOJ maintained a cautious policy stance, citing elevated uncertainty around both economic activity and inflation dynamics.