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USDINR

USDINR trading range for the day is 76.13-76.61.

USDINR rose amid low domestic interest rates, rising trade deficit on back of elevated crude oil prices and lower economic growth forecasts.

India wholesale inflation at 4-month high of 14.55%

RBI restored the corridor for its liquidity adjustment facility to the pre-pandemic level of 50 basis points, hinting at withdrawal of its accommodative stance going ahead

EURINR

EURINR trading range for the day is 82.29-82.87.

Euro depreciated on uncertainty about the timing of interest rate hikes in the Euro Area.

The euro zone economy faces slower economic growth and higher inflation as Russia's invasion of Ukraine pushes up costs, disrupts trade and hits confidence

ECB policymakers said during the April 2022 meeting that incoming data reinforced expectations that net asset purchases should be concluded in the third quarter.

GBPINR

GBPINR trading range for the day is 99.16-99.87.

GBP remained supported amid expectations grew that rocketing inflation would force the central bank to tighten policy aggressively in the coming months.

Data showed British consumer price inflation jumping in March to 7%, its highest level in three decades

Factory gate prices of goods produced by the UK manufacturers grew by 11.9% yoy in March of 2022

JPYINR

JPYINR trading range for the day is 60.29-60.65.

JPY dropped as the dollar stayed close to a two-year high, supported by the unremitting hawkish comments from Fed officials.

Japanese Prime Minister Fumio Kishida said the central bank's monetary policy is aimed at achieving its 2% inflation target

While expectations are for the Bank of Japan to acknowledge rising inflationary pressures at the upcoming April 27-28 monetary policy review and not do more

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