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USDINR

USDINR trading range for the day is 77.23-77.75.

USDINR remained in range tracking a weak local stock indices and strong dollar on fear of aggressive rate hike by Fed and global risk aversion.

India’s factory output picked up pace in March.

Retail inflation rose to the highest since May 2014, led by a rise in prices of food items and fuel.

EURINR

EURINR trading range for the day is 80.39-80.85.

Euro dropped after Euro Area industrial output falls in March

Investors are currently expecting the ECB to raise rates by 25bps in both July and September while delivering another increase at the end of the year.

Money markets meanwhile have trimmed their bets on ECB rate hikes, now pricing in 84 bps of hikes by year-end

GBPINR

GBPINR trading range for the day is 94.29-94.95.

GBP dropped after data showed Britain's economy unexpectedly shrank 0.1% in March after a slump in car sales due to supply-chain problems.

Finance minister Rishi Sunak said that, while the recovery was being disrupted by Russia's invasion of Ukraine

The BoE expects the economy to stagnate in Q2 and shrink in Q4.

JPYINR

JPYINR trading range for the day is 59.85-60.49.

JPY dropped as a Bank of Japan official said it was inappropriate to change monetary policy for the purpose of controlling exchange rates

BOJ's Kuroda says expected rise in inflation will lack sustainability

Japan's finance minister warns sharp yen moves undesirable

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