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USDINR

USDINR trading range for the day is 72.58-73.84

USDINR dropped as investors hoped for a quicker economic recovery helped by the COVID-19 vaccination rollout and a growth-focused federal budget.

The IHS Markit India Services PMI increased to 55.3 in February of 2021 from 52.8 in the previous month

India's economy grew 0.4% in October to December, ending its severest recession since at least 1996

EURINR

EURINR trading range for the day is 88.01-89.09.

Euro dropped as investors digested remarks from a number of European Central Bank policymakers and the release of mixed economic data.

ECB board member Fabio Panetta said the central bank should expand bond purchases or increase the quota earmarked for them if needed to keep yields down

Eurozone producer prices rise the most in 15 years

GBPINR

GBPINR trading range for the day is 101.72-102.88.

GBP dropped slightly as investors remain cautious ahead of UK Chancellor Rishi Sunak’s budget UK

Composite PMI revised slightly lowerUK February Services PMI revised slightly lower

JPYINR

JPYINR trading range for the day is 67.78-69.46.

JPY dropped as data revealed that Japan’s services sector extended declines for the 13th consecutive month in February

Japan's lower house approved Tuesday a 106.61 trillion yen ($1 trillion) draft budget for fiscal 2021

Fiscal stimulus has fueled market expectations for a rapid recovery, with President Joe Biden close to passing a $1.9 trillion spending package

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