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USDINR

USDINR trading range for the day is 76.61-77.11.

USDINR remained in range amid concerns about slowing growth in China and expectations the Federal Reserve will aggressively hike rates.

Fed Chair Jerome Powell said the central bank is committed to raising rates “expeditiously” to bring down inflation

India's economy is expected to grow 7.5-8 per cent this fiscal year with exports playing a key role

EURINR

EURINR trading range for the day is 81.13-82.35.

Euro dropped amid rising concerns around energy safety and growth slowdown in China and Europe.

The GfK Consumer Climate Indicator in Germany plunged to -26.5 heading into May of 2022

Construction output in the Euro Area rose 9.4 percent year-on-year in February of 2022

GBPINR

GBPINR trading range for the day is 96.04-97.64.

GBP dropped after Britain's weak economic outlook and higher than expected government borrowing dented the BoE monetary tightening narrative.

Adding pressure, money markets scaled back their rate hike bets by the Bank of England in May

Government borrowing in the 2021/22 financial year was almost 20% higher than forecast by the country's budget office last month.

JPYINR

JPYINR trading range for the day is 59.94-60.6.

JPY dropped as the Bank of Japan’s firm commitment to maintain ultra-easy monetary policies contrasted sharply with other central banks.

Japan's consumer prices rise in January, but at slower pace

Japan’s unemployment rate fell to a 1-year low of 2.6% in March 2022, lower than the 2.7% reported in February

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