Bank stock jumps 5% after Tikri Partners bought 2.2% stake in the company via bulk deal
# USDINR trading range for the day is 85.01-86.01.
# Rupee touched its strongest level in a month, lifted by dollar sales, optimism surrounding a U.S.-India trade deal aided sentiment.
# The HSBC India Services PMI was revised lower to 60.4 in June 2025 from 60.7 in the preliminary estimates.
# Crisil has revised India’s GDP growth forecast to 6.5% for the current fiscal year, buoyed by expectations of a strong monsoon, anticipated rate cuts
# EURINR trading range for the day is 100.59-101.45.
# Euro steadied as investors continued to monitor trade developments.
# Sentiment was supported by news that the US has lifted certain chip design export restrictions on China.
# Spain Services PMI rose to 51.9 in June 2025 from 51.3 in the previous month, surpassing market expectations of 51.
# GBPINR trading range for the day is 116.5-117.32.
# GBP dropped after the UK government decided to cut benefits and concerns arose over the finance minister’s future.
# BoE Governor Andrew Bailey said it’s too soon to judge the inflation impact of tariffs but reaffirmed that the rate direction is “downwards.”
# BoE policymaker Alan Taylor called for quicker rate cuts, citing the risk of a hard landing for the UK economy if cuts are delayed.
# JPYINR trading range for the day is 59.47-60.13.
# JPY gains as optimism over trade developments and a softer US dollar supported sentiment.
# Japanese officials reaffirmed their commitment to pursuing a “win-win” trade agreement with Washington.
# Japan Services PMI was revised higher to 51.7 in June 2025, up from 51.5 in the preliminary estimate