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USDINR

USDINR trading range for the day is 75.28-75.84.

USDINR dropped tracking heavy foreign fund inflows into domestic equities and markets now await this week’s RBI monetary policy decision

India's trade deficit rose 87.5% to $192.41 billion in 2021-22 as against $102.63 billion in the previous year, the government data showed

Markets now await this week’s RBI monetary policy decision to assess how quickly policymakers are likely to raise interest rates

EURINR

EURINR trading range for the day is 82.65-83.39.

Euro dropped dragged down by concerns over the outlook of the bloc’s economy amid the war in Ukraine and surging inflation.

Euro zone business growth got a boost last month from the re-opening of economies following the Omicron coronavirus variant

Germany Services PMI was revised higher to 56.1 in March of 2022 from a preliminary of 55

GBPINR

GBPINR trading range for the day is 98.86-99.6.

GBP remained in range as investors await further clues on the next monetary policy steps

UK services PMI revised higher to 10-month high

UK composite PMI revised higher to 9-month high

JPYINR

JPYINR trading range for the day is 61.24-62.12.

JPY remained under pressure after Japan’s finance minister said the Bank of Japan targets stable price inflation, not foreign exchange rates.

The au Jibun Bank Japan Flash Services PMI was at 49.4 in March 2022, compared with the preliminary estimate of 48.7

The au Jibun Bank Japan Composite PMI was at 50.3 in March 2022, compared with a flash reading of 49.3 and after a final 45.8 a month earlier

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