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USDINR

USDINR trading range for the day is 76.5-77.26.

USDINR dropped as easing in oil prices and inflows into local stocks and anticipated LIC IPO related inflows created rupee demand.

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

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

EURINR

EURINR trading range for the day is 81.96-82.86.

Euro remained under pressure as global growth fears stoked by China's strict COVID-19 curbs

Risk sentiment remains clouded by the war in Ukraine that is entering the third month, surging inflation, and central banks tightening

Germany cuts 2022 economic growth forecast to 2.2%

GBPINR

GBPINR trading range for the day is 97.32-98.34.

GBP dropped weighed down by poor economic data and less hawkish Bank of England expectations.

The UK government recorded a £13.1 billion deficit in its public finances in March of 2022, less than market expectations of £19.3 billion.

British retail sales volumes tumbled 1.4% from a month earlier in March, much worse than market expectations of a 0.3% decrease.

JPYINR

JPYINR trading range for the day is 59.92-60.7.

JPY gained on low level buying after seen pressure amid concerns over further Covid-19 lockdowns in China and rising global interest rates.

Japan jobless rate hits lowest in almost 2 yrs, economic outlook still shaky

Japan finmin denies reports of talks with U.S. on yen intervention

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