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USDINR

USDINR trading range for the day is 72.98-75.58.

USDINR rose to its highest level in more than four months after the central bank held rates, while U.S. bond yields continued to retreat.

The RBI announced a secondary market government securities acquisition programme

Yields on the benchmark 10-year bonds rose as far as 6.191% before falling to 6.087%

EURINR

EURINR trading range for the day is 86.48-89.88.

Euro gained as investors focused on the prospect of a strong economic recovery

Eurozone Sentix Investor Confidence climbed to 13.1 for April, up from 5.0 and easily beating the forecast of 6.8.

The Eurozone continues to struggle with COVID, with France entering a new lockdown which includes the closure of schools.

GBPINR

GBPINR trading range for the day is 101.23-104.09.

GBP remained supported as traders continued to bet on a speedy re-opening of the British economy.

PM Johnson said his government hoped that non-essential international travel would resume from May 17

UK factory sector growth at decade high

JPYINR

JPYINR trading range for the day is 66.67-68.71.

JPY gained supported by weakness in Rupee and as stabilizing long term bond yields.

Risk sentiment was boosted as the IMF opened its spring meetings with forecasts for the strongest global expansion in at least four decades.

Japan leading economic index highest since 2018

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