Rupee Rose As The Dollar Sank, With Foreign Banks Selling Dollars In The Market.

# trading range for the day is 81.85-82.45.

# Rupee strengthened as a broadly weak dollar-aided sentiment with foreign banks likely selling the greenback in the local market.

# World Bank lowers India FY24 growth forecast to 6.3%

# India Services PMI declined to 57.8 in March 2023 from Februarys 12-year high of 59.4

# trading range for the day is 89.58-90.26.

# Euro gains amid expectations the European Central Bank will keep raising interest rates in the coming months to combat inflation.

# ECBs Holzmann said another 50bp hike was “still on the cards” if the recent banking turmoil did not worsen.

# Germany factory orders rise the most since 2021

# trading range for the day is 101.9-102.92.

# GBP rose as investors assessed views on the Bank of England\\'s policy path, as well as the UK\\'s economic outlook.

# BoEs Tenreyro said the central bank would probably need to start cutting interest rates sooner than previously thought

# Money markets currently expect the BoE to raise rates by another 25 basis points in May to 4.50%

# trading range for the day is 62.29-62.95.

# JPY rose as softening US data fueled expectations that the Federal Reserve may not need to tighten further

# The Composite PMI was revised higher to 52.9 in March 2023 from a flash figure of 51.9

# Japan Services PMI was revised higher to 55.0 in March 2022 from a preliminary reading of 54.2.