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USDINR

USDINR trading range for the day is 75.96-76.52.

USDINR dropped moving away from a 4-week high made early in the month, ahead of global financial ministers meet and inflows into local stocks.

But remains elevated amid expectations for aggressive Federal Reserve monetary tightening.

The annual wholesale price inflation rate in India rose to a four-month high of 14.55 percent in March 2022

EURINR

EURINR trading range for the day is 82.33-83.65.

Euro rose propelled by growing bets for an early ECB interest rate hike and optimism about Macron re-election.

German producer prices rose 30.9% on the year in March, reflecting the effects of the war in Ukraine for the first time

The ECB said that any adjustments to interest rates will take place some time after the end of the Governing Council’s net purchases under the APP

GBPINR

GBPINR trading range for the day is 99.26-99.86.

GBP steadied with investor attention turning to potential policy signals from the Bank of England.

IMF forecasts for British GDP growth this year were cut to 3.7% from January's forecast of 4.7%

British consumer price inflation hit at a thirty-year high of 7% in March, traders are watching for indications on how the BoE views the rate outlook.

JPYINR

JPYINR trading range for the day is 59.24-59.86.

JPY remained under pressure as Japan flagged the currency’s recent “somewhat rapid” declines to its G7 counterparts

No reason to change Japan's economic policy - IMF official

Weak yen impact on Japan's economy a 'mixed bag'

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