USDINR Steadied as India’s Manufacturing Sector Continued to Expand

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# USDINR trading range for the day is 76.44-76.93.
# USDINR steadied as a gauge of activity across India’s manufacturing sector continued to expand even as pricing pressures intensified.
# Indian economy can grow at 6.5-8.5% in the medium term, says RBI
# GST collections for March touch an all-time high of Rs 1.67 lakh crore
  
# EURINR trading range for the day is 80.53-81.23.
# Euro remained under pressure amid a stronger dollar as the Fed is expected to deliver a 50bps rate hike in the fed funds rate this week
# Retail sales in Germany unexpectedly edged 0.1% lower month-over-month in March of 2022
# Euro zone economic growth was slower than expected in the first three months of the year, preliminary data showed
 
# GBPINR trading range for the day is 96.04-96.76.
# GBP settled flat as investors' focus remained on monetary tightening ahead of next week's policy meeting of the Bank of England.
# The British public's expectations for inflation have fallen after rising for several months, according to a survey.
# S&P affirms UK 'AA/A-1+' ratings. Outlook stable
  
# JPYINR trading range for the day is 58.73-59.35.
# JPY remained in range as soaring inflation and rising global interest rates continued to weigh on the markets.
# The au Jibun Bank Japan Manufacturing PMI was revised higher to 53.5 in April 2022
# The consumer confidence index in Japan edged up to 33.0 in April of 2022

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