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USDINR

USDINR trading range for the day is 73-73.38.

USDINR gained after RBI kept interest rates unchanged at record-low levels and expanded its version of quantitative easing to support economic growth.

RBI projected GDP growth at 9.5% in the fiscal year 2021/22, down from a previous forecast of 10.5%.

India cenbank assures ample liquidity even as it holds rates

EURINR

EURINR trading range for the day is 88.44-88.96.

Euro dropped after further dovish commentary from ECB President Christine Lagarde and euro zone retail sales fell more than expected in April

The ECB will support the euro zone “well into” its recovery from a pandemic-induced double dip recession, Lagarde said

The euro area private sector growth improved more than initially estimated in May driven by the resurgence in the services economy

GBPINR

GBPINR trading range for the day is 102.66-104.04.

GBP dropped as data showing an increase in hiring by private employers in US pointed to a rapidly recovering economy, lifted the greenback

Investors are waiting for firmer signals as to whether growing cases of a COVID-19 could delay the wider reopening of the British economy.

The government is mulling a delay to the June 21 date for the lifting of the remaining restrictions.

JPYINR

JPYINR trading range for the day is 66.19-66.73.

JPY dropped as the Japanese government extended the COVID-19 state of emergency in Tokyo, Osaka and seven other prefectures last week.

Household spending surged 13% in real terms from a year earlier in April, the steepest increase on record.

The au Jibun Bank Japan Services PMI was revised upward to 46.5 in May from a preliminary reading of 45.7

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