- State-run banks were spotted offering USD through the day's session, likely on behalf of the RBI, but they "were holding the level" instead of pushing the INR towards appreciation, a foreign exchange trader at a private bank said.
- The benchmark S&P BSE Sensex ended the session up 204.33 points, or 0.27%, at 76,810.90, while the NSE Nifty index closed at 23,398.90, up 75.95 points, or 0.33% from its previous close.
- The US Producer Price Index (PPI) rose 2.2% YoY in May, compared to the 2.3% increase in April (revised from 2.2%), below the market expectation of 2.5%. The core PPI figure climbed 2.3% YoY in May, below the estimation and previous reading of 2.4%.
- On a monthly basis, the US PPI declined 0.2% in May, while the core PPI remained unchanged at 0%.
- The US weekly Initial Jobless Claims for the week ending June 6 increased by 242K from the previous week's reading of 229K. This figure came in above the market consensus of 225K.
- Fed Chair Jerome Powell said that only "modest" progress had been achieved towards meeting the target and that the US central bank would need "good inflation readings" before cutting interest rates, per the BBC.
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