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USDINR

USDINR trading range for the day is 77.95-78.25.

USDINR steadied as investor concerns over faster rate increases in the United States resurfaced following U.S. inflation data.

India wholesale inflation highest in 23-1/2 years

The dollar index climbed to above 105, its strongest level in almost 20 years, boosted by fears of a global economic slowdown

EURINR

EURINR trading range for the day is 80.85-83.09.

Euro dropped as the euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter.

The rate hike will come as the ECB fights to tame inflation, which is now seen back at the 2% target by the first quarter of 2024, according to the survey.

The annual inflation rate in Germany was confirmed at 7.9% in May of 2022, and accelerating from 7.4% in the previous month.

GBPINR

GBPINR trading range for the day is 93.73-95.77.

GBP dropped after data showing Britain's economy had unexpectedly shrunk in April

The jobless rate in the UK edged higher to 3.8% in the three months to April 2022 from 3.7% in the three months to March

British Prime Minister Boris Johnson said that triggering a trade war in response to the new legislation on Northern Ireland trade would be overreacting.

JPYINR

JPYINR trading range for the day is 57.83-58.69.

JPY gains recovering from lower levels after pressure seen as Industrial production in Japan declined by 1.5 percent month-over-month in April 2022

Japan finmin says will work with BOJ on possible steps to curb yen slump

The Bank of Japan (BOJ) said it would conduct additional outright purchases of Japanese government bonds (JGB) on Wednesday.

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