* USDINR traded in a narrow range between 70.90-71.05 before closing near day's low near 70.90.
* Looking ahead it is now likely to trade in a lower range between 71.05- 70.70 with a lower bias.
* JPYINR traded in a relatively flat range before closing near 65.45 mark.
* Looking ahead, the pair looks negative below 66.20 and current slide could extend till 64.60 level.
* Selli ng on rallies is advised.
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