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USDINR

USDINR trading range for the day is 77.23-77.53.

USDINR remained in range amid prospects of Fed's aggressive monetary tightening plans and unabated foreign fund outflows.

Morgan Stanley has cut India's GDP growth forecast to 7.6% for F2023 from 7.9%

Overall Business Confidence Index stood at 67.6 in the current round compared to 63.9 previously.

EURINR

EURINR trading range for the day is 81.34-82.08.

Euro recovered some of its losses tempered by the latest European Central Bank commentary highlighting that interest rates in the bloc are likely to rise soon.

German inflation to come in close to 7% this year, Bundesbank says

ECB could outline rate hike plan for coming months in June

GBPINR

GBPINR trading range for the day is 95.07-96.07.

GBP recovered some of its losses amid hawkish expectations about the Bank of England's policy stance and by uncertainty around the British economic outlook.

Britain is on course to enter a technical recession in the second half of this year, an economic think-tank said

Money markets were pricing in around 105 basis points (bps) of Bank of England rate hikes by year-end, from 120 bps late last week

JPYINR

JPYINR trading range for the day is 59.24-59.98.

JPY remained supported as the index of leading economic indicators in Japan, increased to 101.0 in March

The index of coincident economic indicators in Japan, edged up to 97.0 in March 2022 from a final 96.8 a month earlier

Foreign exchange reserves in Japan decreased to $1,322,193 million in April 2022, down from $1,356,100 million in the previous month.

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