📊 Q3 Earnings are here! Plan ahead with key data on upcoming stock reports - all in 1 placeSee list

Rupee Traded Stable As Traders Fretted About The Health Of The US Banking System

Published 02-05-2023, 09:27 am
USD/INR
-
EUR/INR
-
GBP/INR
-
JPY/INR
-

# USDINR trading range for the day is 81.76-82.04.
# Rupee closed little changed as traders fretted about the health of the US banking system
# U.S. data fuelled stagflation worries with the country's economy slowing more than expected in the March quarter
# IMF predicts the Indian economy will grow by nearly 6 percent this fiscal year.

# EURINR trading range for the day is 89.8-90.56.
# Euro dropped as data showed the German economy was weaker than expected in the first quarter.
# Germany's economy stagnated in the first quarter, compared to the previous three months.
# ECB is seen raising borrowing costs for a seventh time at the May meeting, with most investors betting on a 25bps increase.

# GBPINR trading range for the day is 101.82-102.5.
# GBP seen pressure as retail sales fell more than expected in March
# The latest Markit PMI survey suggested that Britain's GDP expanded the most in a year in April
# Highly-anticipated CPI report revealed Britain's inflation rate remained above the 10% mark for a seventh straight month.

# JPYINR trading range for the day is 59.79-62.07.
# JPY dropped as BoJ maintained its key short-term interest rate at -0.1% and for 10-year bond yields around 0%
# The board cut its 2022 GDP growth forecast to 1.2% from 1.9% made in January, amid lower private consumption.
# Core consumer prices in Tokyo, rose 3.5% in April from a year earlier, government data showed.

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.